Economy News

Global smartphone shipment growth is now expected to reach just 1.9% year-on-year in 2025, according to Counterpoint Research, down sharply from a previous 4.2% projection. Most affected by the slowdown are Apple and Samsung, whose shipment outlooks have taken a hit ...

Eurozone inflation dipped below the European Central Bank’s 2% target for the first time since September 2024, coming in at 1.9% in May. The sharper-than-expected slowdown, down from 2.2% in April, has boosted market expectations of a 25 basis point rate ...

The US is set to double tariffs on steel and aluminium imports to 50%. The increase, due to take effect on June 4, adds pressure on European exporters and threatens the stability of transatlantic trade talks. The European Commission issued a ...

European companies are increasingly cutting costs and rethinking their investment strategies in China as the country’s economy shows persistent signs of strain. According to the European Union Chamber of Commerce’s 2025 Business Confidence Survey, falling profit margins and sluggish demand are ...

Germany’s DAX notched a new record high, climbing 0.18% to 24,269.47, as investors responded to signs of progress in US-EU trade negotiations. The move capped a third consecutive day of gains for European markets, with the Euro Stoxx 600 inching up ...

Last Friday, US President Donald Trump reignited threats of sweeping tariffs, sinking both stocks and the dollar. A 25% tariff on Apple if it doesn’t shift iPhone production to the US, followed minutes later by a proposed 50% levy on ...

Yields on U.S. Treasurys shot up on Wednesday, with the 30-year yield crossing the 5% mark and the 10-year pushing past 4.5%, as mounting deficit concerns and political friction over a new tax bill shook investor sentiment. The 30-year bond yield ...

Canada’s unemployment rate shot up to 6.9% in April, marking the highest level in six months as US-imposed tariffs on steel, aluminum, and automobiles has begun to bite. Statistics Canada reported a 0.2% increase in unemployment from March, largely driven by ...

In a move that sent global markets soaring, the United States and China agreed to a major rollback of tariffs for an initial 90 days, offering the first real de-escalation in a trade war that has shaken economies across the ...

The Bank of England has trimmed its benchmark interest rate by 25 basis points, bringing the cost of borrowing down to 4.25%. This makes it the fourth reduction since August, signalling growing confidence that inflation has been tamed enough to justify ...

Major automakers are pulling financial forecasts as tariff uncertainty muddies the global automotive waters. Stellantis, Mercedes-Benz, General Motors, Volvo, and Volkswagen have all hit pause on their annual investor guidance, citing uncertainty stemming from US trade policy. Stellantis, which oversees brands from ...

Unemployment across the eurozone held steady at a historic low of 6.2% in March 2025, unchanged from the previous month and significantly improved from 6.5% a year earlier. The broader EU also reported a stable rate of 5.8%, down from 6.0% ...

Global markets bounced back on Tuesday after US President Donald Trump signaled a shift in tone on both China tariffs and monetary policy. He promised a “substantial” but not total reduction in tariffs on Chinese goods, which calmed investor nerves ...

The European Central Bank has cut its main interest rate from 2.5% to 2.25%, marking the seventh reduction in just 12 months. The move comes amid escalating global trade tensions triggered by U.S. tariffs, which have injected fresh uncertainty into ...

Global trade is set to contract in 2025, with the World Trade Organization (WTO) slashing its forecast to a 0.2% decline in world merchandise trade volume. This sharp reversal comes on the heels of escalating tariff tensions, with U.S. President ...