Economy News

Economy

ECB's Knot Warns: Global Trade War Poses Long-Term 'Negative Supply Shock' to Economy

ECB's Klaas Knot warns that the global trade war could lead to a long-term 'negative supply shock', potentially causing inflation. He calls for EU market strengthening and mentions...

Economy

Japan Urges US to Lift Tariffs as Trade Tensions Rise: A Call for Economic Stability

Japan's top diplomat Masato Kanda Mimura calls for the US to exempt Japan from recent tariffs, highlighting the need for economic stability and ongoing discussions with the US Trea...

Economy

China's March 2025 Car Sales Skyrocket: NEVs Lead with a 38% Yearly Surge

In March 2025, China's passenger vehicle sales surged by 14.4% annually, with new energy vehicles (NEVs) leading the charge, accounting for over half of all sales. Tesla saw a decl...

Economy

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

ECB's Francois Villeroy warns that US tariffs could reduce Eurozone growth by 0.25%, highlighting risks to the global economy and potential inflation in the US. Despite the challen...

Economy

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

Italy is preparing to halve its 2025 growth forecast to 0.6% due to tensions over US tariffs, with Prime Minister Meloni set to discuss the issue with President Trump. The Bank of ...

Economy

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

Mortgage applications in the U.S. jumped by 20% in the week ending April 5, with significant increases in the Market, Purchase, and Refinance Indexes, alongside a slight dip in int...

Economy

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

US mortgage applications jumped by 20% in the week ending April 5, with significant increases in Market, Purchase, and Refinance Indices, alongside a slight dip in 30-year fixed-ra...

Economy

China Strikes Back with Massive 84% Tariff Hike on US Imports Amid Trade War Escalation

China responds to US tariffs by increasing its own tariffs on US imports to 84%, criticizing US actions as unilateral and damaging to global trade. Calls for dialogue to resolve di...