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
January Inflation Surges, Challenging Fed’s Rate Cut Plans
Inflation Unexpectedly Jumps in January Consumer prices in the U.S. surged more than expected in January, adding pressure on the Federal Reserve’s plans for potential interest rate cuts. The Consumer Price Index
Goldman Sachs Drops Board Diversity Policy Amid Trump Shift
Goldman Sachs has scrapped its four-year-old policy requiring companies to have two diverse board members before going public, citing recent legal challenges and growing scrutiny from President Donald Trump’s administration. “As a
China’s Passenger Vehicle Sales Drop 9% in January
Retail sales of passenger vehicles in China fell 9% year-over-year in January 2025, totaling 1.853 million units, down from 2.035 million in the same month last year, according to preliminary data from
Bank of Mexico Cuts Interest Rate to 9.5%
The Bank of Mexico (Banxico) lowered its benchmark interest rate by 50 basis points on Thursday, citing cooling inflation and economic weakness. The rate now stands at 9.5%, marking its largest cut
Bank of England Cuts Rates, Slashes Growth Forecast
The Bank of England has halved its UK growth forecast for 2025, expecting the economy to expand by just 0.75%, down from its previous estimate of 1.5%. The downgrade comes as the
U.S. Job Openings Drop to 7.6M, Lowest Since September
Job openings in the U.S. fell sharply in December while hiring, voluntary quits, and layoffs remained steady, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) released Tuesday. Key
US Economy Grows 2.5% in 2024, Trump Policies Add Uncertainty
The US economy expanded 2.5% over the past year, according to Commerce Department figures released Thursday, underscoring the solid economic foundation inherited by President Donald Trump. Consumer spending remained strong, supported by
ECB Cuts Rates, Signals More Easing in March
ECB-Cuts-Rates-Signals-More-Easing-in-March The European Central Bank (ECB) cut interest rates on Thursday and signaled another reduction in March as concerns over economic stagnation outweigh persistent inflation fears. This marks the fifth ECB rate
France’s Economy Contracts as Political Uncertainty Persists
France’s economy shrank 0.1% in the fourth quarter, according to preliminary data from INSEE on Thursday. The contraction follows 0.4% growth in the third quarter of 2024 and underscores the challenges facing
Germany’s Economy Contracts 0.2% in Q4, Raising Recession Fears
The German economy shrank by 0.2% quarter-on-quarter in the final three months of 2024, according to preliminary data from Germany’s statistics office Destatis on Thursday. This decline was sharper than analysts’ expectations,