Economy News

Economy

Italy's Industrial Production Takes a Hit: A 0.9% Drop in February Sparks Concerns

Italy's industrial production saw a 0.9% decline in February, with significant drops in capital, intermediate, and consumer goods. The energy sector, however, experienced a 4% incr...

Economy

ECB's Villeroy Sees US Tariff Pause as a Glimmer of Economic Rationality Amid Global Tensions

ECB's Francois Villeroy de Galhau views the US tariff pause as a slight positive but warns of ongoing economic challenges like unpredictability and protectionism, while noting Fran...

Economy

ECB's Villeroy Hails US Tariff Pause as a Glimmer of Economic Sanity Amid Global Tensions

ECB's Villeroy views the US tariff pause as a positive but cautious step towards economic rationality, highlighting ongoing issues of unpredictability and protectionism. France's e...

Economy

China Escalates Trade War with US, Raising Retaliatory Tariffs to 84% Starting This Thursday

China escalates the trade war by increasing retaliatory tariffs on the US to 84%, effective this Thursday. The move responds to US tariffs and has shaken global markets, raising fe...

Economy

Trump's 90-Day Tariff Suspension Shakes Markets: Exchange Rate Plummets, KOSPI Skyrockets

President Trump's 90-day suspension of reciprocal tariffs has led to a significant drop in the exchange rate and a 5% rise in the KOSPI index, with global trade implications and ma...

Economy

Vietnam's Deputy PM Ho Duc Phoc Engages in Critical Tariff Negotiations with U.S. Treasury Secretary

Vietnam's Deputy PM Ho Duc Phoc is in the U.S. for crucial tariff negotiations amid new U.S. tariffs hitting Vietnam with a 46% rate. Meetings with U.S. officials and company execu...

Economy

China's CPI Decline Slows to 0.1% in March, Signaling Economic Resilience Amid Challenges

China's CPI decline slowed to 0.1% in March from 0.7% in February, indicating slight economic stabilization. However, monthly CPI and PPI data suggest continuing challenges, with f...

Economy

Fed's Kashkari Warns of Economic Downturn Risks Despite Temporary Tariff Relief

Minneapolis Federal Reserve President Neel Kashkari warns of potential economic downturn due to uncertainty, despite a 90-day tariff pause. Market instability and labor market conc...