Economy News

Economy

Chancellor Rachel Reeves Pledges No Increase in Income Tax, VAT, or National Insurance, Upholding Labour's Election Promise

British Chancellor Rachel Reeves commits to not increasing income tax, VAT, or National Insurance, fulfilling Labour's pre-election promise. Despite fiscal adjustments, working peo...

Economy

China Escalates Trade War with US, Raising Tariffs to 125% in Retaliation

China responds to US tariff hikes by increasing its own tariffs on US goods from 84% to 125%, starting April 12. The Chinese Finance Ministry criticizes the US's economic strategy,...

Economy

ECB's Villeroy Warns Against Trump's Financial Deregulation: A Path to Future Crises

ECB's Francois Villeroy de Galhau criticizes Trump's financial deregulation agenda, warning it could lead to future crises. He urges the EU to remember the 2008 banking crisis less...

Economy

EU Strengthens Energy Security with Two-Year Extension of Gas Storage Regulations

The European Commission has approved a two-year extension of gas storage regulations to enhance energy security and protect against market volatility, offering member states greate...

Economy

EU Predicts US GDP to Decline by 0.8% to 1.4% by 2027 Due to Trade Tariffs, Sparks Global Economic Concerns

European Trade Commissioner forecasts a 0.8% to 1.4% drop in US GDP by 2027 due to trade tariffs, with potential for greater global economic impacts if trade tensions escalate.

Economy

ECB's Lagarde Signals Readiness to Deploy Tools Amid U.S. Tariff Tensions

ECB President Christine Lagarde announces the bank's readiness to use all available tools to ensure stability amidst U.S. tariff tensions and market volatility, while closely watch...

Economy

French PM Francois Bayrou Warns: Swapping US Goods for Chinese Amid Trade Turmoil Is 'Dangerous'

French Prime Minister Francois Bayrou warns against the dangerous and naive strategy of replacing US goods with Chinese products amid trade disputes, advocating for economic stimul...

Economy

BlackRock CEO Larry Fink Highlights Market Uncertainty and Client Anxiety in Latest Earnings Discussion

BlackRock CEO Larry Fink discusses how market uncertainty is causing anxiety among clients, drawing parallels to past crises like the financial crisis and COVID-19, while highlight...