economic impact News

Exploring the Uncertain Future of Tariffs: Fed's Williams Weighs In on Economic Impact

Federal Reserve Bank of New York President John Williams discusses the early stages of understanding tariff impacts, emphasizing uncertainty and the need for data monitoring. He al...

UK Braces for Impact as Trump's April 2 Tariffs Loom: What It Means for British Economy

The UK anticipates significant impacts from President Trump's upcoming tariffs on foreign goods, with discussions ongoing for a UK-US economic deal that prioritizes British economi...

US Stock Markets Plunge Amid Escalating Trade Tensions and Global Economic Concerns

US stock markets closed lower amid escalating trade tensions and global economic concerns. CoreWeave's NYSE debut fell short of expectations, and major indices suffered significant...

UK Government and Carmakers to Discuss US Tariffs Impact on British Auto Exports

British automobile companies and the UK government are meeting to discuss the impact of US President Donald Trump's 25% tariff on foreign-made cars, seeking exemptions over counter...

European Carmakers Sound Alarm: US Tariffs Could Backfire on Domestic Economy and Global Trade

The European Automobile Manufacturers' Association warns that new US tariffs on auto imports could harm both global carmakers and the US manufacturing sector, with significant port...

Fed Chair Powell Highlights Labor Market Equilibrium Amidst Economic Uncertainties

Fed Chair Jerome Powell discusses the equilibrium in the labor market, highlighting low hiring and firing rates. He emphasizes the Fed's close monitoring and the early stage of ass...

Exploring the Impact of Trump's Tariffs: Is a US Recession on the Horizon and What Does It Mean for India?

The article examines the potential impact of Trump's tariffs on the US economy, the likelihood of a recession, and what it means for India's economy. Experts weigh in on the situat...

India's Paper and Paperboard Imports Hit Record High: A Deep Dive into the Surge

India experiences a record surge in paper and paperboard imports, reaching 1.76 million tonnes in 2024-25, with significant economic impacts and concerns over domestic manufacturin...

Dow Jones and Nasdaq 100 Dip in Premarket: Inflation Data Offers Brief Respite Amid Trade War Concerns

U.S. stock indexes faced premarket losses as inflation data provided only a brief respite. Investor concerns quickly returned to the global trade war's potential economic effects, ...

Global Trade Tensions Escalate as Trump Imposes Heavy Tariffs on Canada, Mexico, and China

President Trump's imposition of steep tariffs on Canada, Mexico, and China has triggered immediate retaliation and threatens to disrupt $2.2 trillion in annual U.S. trade. This mov...

Warren Buffett Criticizes Tariffs: An Economic War with Hidden Costs

Warren Buffett criticizes President Trump's tariff policies, highlighting their potential to trigger inflation and harm consumers. His comments reflect concerns over the broader ec...

India's AI Investment Skyrockets: Set to Outpace Digital Tech Growth by 2.2x, Eyeing $115 Billion Economic Boom by 2027

India's investment in AI technologies is set to grow 2.2 times faster than digital tech spending, aiming for a $115 billion economic impact by 2027, despite facing challenges like ...

Fed Chair Powell Holds Judgment on Trump Tariffs, Awaiting Clearer Economic Impact

Federal Reserve Chair Jerome Powell discusses the cautious approach towards President Trump's tariffs, emphasizing the need to observe their economic impact before making judgments...

Global Oil Prices Dip Over 1% Amid Tariff Tensions and Demand Concerns

Oil prices fell over 1% due to US tariffs on imports, raising concerns about global demand. Economists warn of potential economic impacts, including decreased energy demand.

Oil Prices Dip Over 1% Amid U.S. Tariff Threats on Steel and Aluminum

Oil prices dropped over 1% as U.S. tariffs on steel and aluminum imports raise concerns over reduced demand. Economists and industry leaders warn of potential negative impacts on g...

Canada's Bond Yields Hit Rock Bottom: A Deep Dive into the 2-Year Low Since May 2022

Canada's 2-year government bond yield has reached its lowest point since May 2022, amidst new U.S. tariffs and retaliatory measures from Canada and Mexico. This has caused unease i...

January Sees a Significant Dip in Japan's Manufacturing Sector Activity

Japan's manufacturing sector experienced a significant decline in activity in January, raising concerns over its economic impact. Factors such as supply chain issues and demand flu...

Canada Stands Firm: Ready to Retaliate Against Potential Trump Tariffs

Canadian Prime Minister Justin Trudeau has declared that Canada will retaliate with equal measures if the US imposes tariffs. This move could significantly impact both economies, e...

Japan's December Retail Sales Dip by 0.7%: A Closer Look at the Economic Impact

Japan's retail trade decreased by 0.7% in December, with annual sales showing a 3.7% increase. The wholesale industry also grew by 3.5%, indicating overall economic resilience.

Federal Reserve's Powell Adopts Wait-and-See Approach on Trump's Policy Impact

Federal Reserve Chair Jerome Powell discusses the Fed's cautious stance on Trump's economic policies, emphasizing a wait-and-see approach to understand the full impact before makin...

Gold Soars Over 1% to Reach a One-Month High Amid Economic Speculations

Gold prices surged over 1% to a one-month high, driven by investor speculation on the economic impact of US President-elect Donald Trump's policies, despite a strong US jobs report...

Federal Reserve Raises Alarm: Trump's Policies May Ignite Inflation and Delay Rate Cuts

Federal Reserve officials express concerns over the inflationary impacts of President-elect Donald Trump's trade and immigration policies, as discussed in the December US Federal O...

December Sees a Surge: UK House Prices Jump by 3.3%

UK house prices have unexpectedly risen by 3.3% in December, sparking discussions on the factors behind this surge and its implications for the housing market.

South Korea's Political Turmoil: Economic Fallout Across Multiple Sectors

The political crisis in South Korea has significantly impacted various industries, particularly the hospitality and tourism sectors. Year-end events and reservations have been canc...

South Korea's FSC to Form Virtual Asset Committee: A Game-Changer for Corporate Investments?

South Korea's Financial Services Commission plans to establish a Virtual Asset Committee to discuss corporate investment in virtual assets, potentially reshaping the market landsca...

Thai Property Experts Brace for Economic Uncertainty Amid US Election

Thai property experts express concerns about the economic impact on Thailand due to the US election, with Pornarit Chounchaisit of the Thai Real Estate Association highlighting pot...