Japan faces economic setback as exports weaken
GDP slips in the third quarter Japan’s economy shrank at an annualized pace of 2.3 percent between July and September, reflecting a 0.6 percent decline from the previous quarter. Revised figures from
China sets record with trillion dollar trade surplus
Export momentum shifts away from the United States China has pushed its annual trade surplus over the one trillion dollar mark for the first time, driven by strong exports to Europe, Australia
Australia’s GDP delivers fastest growth in nearly two years
Strong domestic demand lifts expansion despite slight forecast miss Australia’s economy grew 2.1 percent year over year in the third quarter, data from the Australian Bureau of Statistics showed Wednesday. Although slightly
Canadian Retail Sales Drop in February
Canadian retail sales experienced a 0.4% decline in February compared to January, totaling C$69.33 billion ($49.95 billion), according to Statistics Canada. The decrease was largely driven by lower sales at motor vehicle
US Tariffs on China Could Lead to Empty Store Shelves
Retailers are warning that President Trump’s continued tariffs on China could result in empty store shelves and supply chain disruptions similar to those seen during the COVID era. After the imposition of
US Consumer Sentiment Dips Amid Ongoing Tariff Uncertainty
US consumer sentiment in April has dropped to its fourth-lowest level since records began in 1952, reflecting mounting concerns over rising inflation and trade policy uncertainty. According to the latest survey from
Fed President Calls for Patience Amid Tariff Impact
Cleveland Federal Reserve President Beth Hammack emphasized the need for patience and careful analysis in addressing the impact of tariffs on inflation and economic growth. Speaking in her first broadcast interview since
Bank of England Watches U.S. Tariffs’ Impact on U.K. Growth
Bank of England Governor Andrew Bailey expressed concern Thursday over the potential impact of U.S. tariffs on U.K. economic growth, especially if global trade experiences a slowdown. Bailey, in an interview at
Indonesia Holds Rates Steady Amid Trade Tensions
Indonesia’s central bank kept its policy rates unchanged for the third consecutive meeting on Wednesday, as expected. The central bank aims to stabilize the rupiah amid global trade tensions, particularly from the
Japan’s Factory Activity Shrinks as Confidence Dips
Japan’s factory activity contracted for the tenth consecutive month in April, with confidence among manufacturers falling to nearly five-year lows, according to a private-sector survey. The decline was driven by concerns over
Citigroup Economist Predicts 40-45% Chance of U.S. Recession
Citigroup’s Chief Economist Nathan Sheets has warned that the U.S. faces a 40% to 45% chance of recession as the economy grapples with the fallout from tariffs imposed by President Donald Trump
Klaus Schwab Resigns as Chair of World Economic Forum
Klaus Schwab, the founder of the World Economic Forum (WEF), has stepped down as chair of its trustees after decades of leading the influential annual gathering in Davos, Switzerland. Schwab, 87, announced
Gold Hits Record High Above $3,400 Amid Trade Tensions
Gold prices surged to a new all-time high on Monday, as the dollar weakened and investor fears over the economic impact of U.S.-China trade tensions drove demand for safe-haven assets. Spot gold