Economy News

Economy

Germany's Inflation Holds Steady at 2.2% in March: Food Prices Surge While Energy Costs Decline

Germany's inflation rate was confirmed at 2.2% in March, with food prices rising by 3.0% and energy costs dropping by 2.8%. The core inflation rate, excluding food and energy, incr...

Economy

UK's Trade Deficit Shrinks Dramatically to £1B in Early 2023, Signaling Strong Export Growth

The UK's trade deficit narrowed significantly to £1.0 billion in the three months to February, driven by a £10.5 billion surge in exports. This marks the smallest deficit since Jul...

Economy

UK Economy Shows Resilience with 0.5% GDP Growth in February Amid Global Uncertainties

The UK's GDP grew by 0.5% in February, with production output surging 1.5%. Over three months, GDP increased by 0.6%, showcasing resilience in production and services sectors.

Economy

Vietnam and US Edge Closer to Historic Trade Deal: Strengthening Ties for Mutual Prosperity

Vietnam and the U.S. are poised to negotiate a reciprocal trade agreement, aiming to strengthen their Comprehensive Strategic Partnership. Discussions focus on addressing trade imb...

Economy

Korea and Mexico Set to Revitalize FTA Talks, Paving the Way for Auto Industry Growth

The Korean government plans to accelerate FTA negotiations with Mexico to support domestic auto exporters under USMCA, aiming to reduce tariffs and enhance trade with Central and S...

Economy

Trump Shocks Global Markets with Tariff Pause, Imposes 125% Rate on China Amid Trade War Escalation

President Trump announces a 90-day pause on increased tariffs for most countries but escalates the trade war with China by imposing a 125% tariff. Wall Street reacts positively, wh...

Economy

Navarro Downplays Market Crash: 'No Big Deal' Amid Global Trade Optimism

Peter Navarro, Trump's trade advisor, minimizes the impact of a 2,000-point Dow drop, calling it 'no big deal' and remains optimistic about future trade deals with India, Australia...

Economy

EU Threatens to Escalate Trade War with US, Targeting Services and Tech Sector

European Commission President Ursula von der Leyen warns of the EU's readiness to expand the trade war with the US into services and technology sectors, highlighting potential reta...