Economy News

Economy

ECB's Villeroy Warns: US Tariffs Could Slash Eurozone Growth by 0.25% Amid Global Trade Tensions

ECB's Francois Villeroy de Galhau warns that US tariffs could reduce Eurozone growth by 0.25%, highlighting risks to the global economy and potential inflation in the US, though no...

Economy

Italy Slashes 2025 Growth Forecast to 0.6% Amid Rising US Tariff Tensions

Italy's government is preparing to halve its 2025 growth forecast from 1.2% to 0.6%, amid concerns over US tariffs. Prime Minister Giorgia Meloni is set to discuss the issue with P...

Economy

ECB's Escriva Warns: Worst-Case Economic Scenarios Unfolding Amid US Tariffs

ECB's Jose Luis Escriva warns of materializing worst-case economic scenarios due to US tariffs, suggesting a potential shift in global currency dominance from the dollar to the eur...

Economy

Surge in US Mortgage Applications: A 20% Weekly Jump Signals Market Shift

US mortgage applications surged by 20% in the week ending April 5, as per the MBA survey. Key indexes like Market, Purchase, and Refinance showed significant growth, with a slight ...

Economy

Bessent Warns China Against Currency Devaluation Amid Escalating Trade Tensions

US Treasury Secretary Scott Bessent reacts to China's tariff increases, warning against currency devaluation and urging for diplomatic solutions to trade disputes, while also addre...

Economy

China Escalates Trade War with US, Imposes 84% Tariff on American Imports

China responds to US tariffs by increasing its own tariffs on American imports to 84%, criticizing the US's actions as harmful to global trade and economic stability.

Economy

Treasury Secretary Bessent Predicts Calm in Bond Markets Amid Trade Deal Optimism

US Treasury Secretary Scott Bessent forecasts a calming bond market, citing upcoming trade deals and deregulation as key factors. He reaffirms the strong dollar policy amidst econo...

Economy

Bessent Warns China Against Currency Devaluation in Escalating Trade Dispute

US Treasury Secretary Scott Bessent warns China against currency devaluation amid trade tensions, urging diplomatic talks and action on fentanyl exports.