Economy News

Economy

BoE Warns of Escalating Global Economic Uncertainty Amid Trump's Tariffs Impact

The Bank of England reports increased global economic uncertainty due to Trump's tariffs, warning of higher inflation risks and projecting a 3.75% inflation rate by Q3 2025. The UK...

Economy

EU Strikes Back: Imposes €21 Billion Tariffs on US Imports Starting April 15

The European Commission has voted to impose €21 billion in tariffs on US imports starting April 15, in response to US tariffs deemed unjustified. The EU seeks a negotiated solution...

Economy

US Wholesale Inventories See a Steady Rise: February Marks a 0.3% Increase

US wholesale inventories grew by 0.3% in February, reaching $902.3 billion, with sales up 2.4% month on month. The inventory to sales ratio improved to 1.30, indicating efficient i...

Economy

China Strikes Back: Yuan Devaluation Escalates U.S. Tariff War into Currency Conflict

The tariff war between the U.S. and China escalates into a currency conflict as China devalues the yuan in response to U.S. tariffs, affecting global markets and prompting calls fo...

Economy

South Korea Faces Sharp Decline in Foreign Currency Deposits as Exchange Rates Skyrocket

South Korea's foreign currency deposits are rapidly declining due to surging exchange rates, with experts warning of further depreciation and potential economic interventions amids...

Economy

February Sees a 0.3% Rise in US Wholesale Inventories, Signaling Economic Growth

US wholesale inventories grew by 0.3% in February, reaching $902.3 billion, with sales of merchant wholesalers rising to $696.4 billion, showing a 2.4% monthly and 4.3% annual incr...

Economy

EU Strikes Back: Imposes Tariffs on $21 Billion US Imports Starting April 15

The European Commission has voted to impose tariffs on €21 billion of US imports starting April 15, in response to what it calls "unjustified and damaging" US tariffs. The move aim...

Economy

Surge in US Mortgage Applications: A 20% Weekly Jump Sparks Market Optimism

The US mortgage applications surged by 20% in the week ending April 5, with significant increases in Market, Purchase, and Refinance Indexes, alongside a slight dip in 30-year fixe...