Economy News

Washington has stripped TSMC of its “validated end user” status for China-bound supplies from the US, a change that takes effect on 31 December and turns routine shipments into case-by-case export-licence applications. The move aligns TSMC with Samsung and SK Hynix, ...

Donald Trump has followed through on his warning to double tariffs on Indian imports, raising the rate to 50% just weeks after setting a 25% baseline levy. The move puts India, the world’s fifth-largest economy, into one of the highest tariff ...

The former Chinese real estate giant Evergrande has been removed from the Hong Kong stock exchange. This spectacular fall caps a collapse that began with a 2021 default. It now includes a court-ordered wind-up and a lifetime market ban for ...

Germany’s economy slipped back into contraction in the second quarter, shrinking 0.3% quarter-on-quarter, a deeper decline than the earlier estimate of 0.1%. The downturn follows a temporary boost in the first quarter when firms accelerated exports to the US to beat ...

China’s auto industry is showing renewed strength in 2025, with vehicle sales climbing 12% in the first seven months of the year after a muted 2024 that saw just 4.5% growth. July sales rose 14.7% year-on-year to 2.59 million units, ...

The UK economy grew 0.3% in the second quarter of 2025, slowing from 0.7% in Q1 but beating forecasts of 0.1%. Services led the expansion, with construction output rising 1.2% thanks to hot, dry weather. Gains in computer programming, vehicle rentals, ...

Chinese brands are rapidly shaking off their bargain-bin image in Singapore, positioning themselves as stylish, innovative, and aspirational. Leading the charge is BYD, now the city-state’s top-selling automaker, with nearly 4,670 electric vehicles sold in the first half of 2025, about ...

Australia’s Reserve Bank has lowered its benchmark lending rate by 25 basis points to 3.6%, the lowest since April 2023, while trimming its 2025 GDP growth forecast to 1.7% from 2.1%. The move follows a sharper-than-expected slowdown in public demand early ...

China’s export sector delivered stronger-than-expected growth in July despite persistent friction with Washington, as trade flows pivoted toward Africa and Southeast Asia. Official data showed exports rising 7.2% year-on-year, outpacing forecasts of under 6%, while imports grew 4.1%, the fastest pace ...

As the US and China prepare for their third high-level meeting of the year in Stockholm, expectations are being managed. With US tariffs on Chinese imports still sitting at 30% and Chinese retaliatory tariffs holding at 10%, both sides appear inclined ...

In all of the growing economic uncertainty and a changing geopolitical order, the EU and Japan are strengthening their trade alliance as protection against pressure from both China and the US. At the 30th EU–Japan summit in Tokyo, leaders promised to ...

Singapore’s inflation rate held at 0.8% in June, maintaining its lowest level since early 2020 and coming in just below economists’ forecast of 0.9%. Core inflation, which excludes private transport and housing, remained unchanged at 0.6%, reinforcing expectations that the Monetary ...

Despite the STOXX Europe 600 edging past the S&P 500 in year-to-date gains, the market cap of Europe’s top seven listed firms—SAP, Novo Nordisk, Hermès, ASML, LVMH, Roche, and Nestlé—remains stagnant at $2.2 trillion. Meanwhile, the US’s so-called Magnificent Seven—Nvidia, Microsoft, ...

China’s economy maintained steady momentum in the second quarter, expanding by 1.1% from April to June and hitting an annualized growth rate of 5.2%, according to the National Bureau of Statistics. That keeps the country comfortably on course to meet its ...

Investor confidence in Germany surged in July, with the ZEW Economic Sentiment Index hitting 52.7, which was its highest reading since February 2022 and well above the consensus forecast of 50.3. The gain from June’s 47.5 reflects renewed optimism around potential ...