China’s Chery and BYD could face repayment of subsidies after a government audit revealed funding irregularities. This probe highlights the increasing regulatory scrutiny as authorities ramp up oversight on automakers
Browsing: economic news
Italy has revealed an ambitious plan to exit the EU deficit procedure by 2026-earlier than expected-showcasing impressive progress in slashing its budget deficit and strengthening fiscal stability, Reuters reports
Australia’s central bank caught markets off guard by holding interest rates steady at 3.85%, bucking widespread expectations of a hike. The Reserve Bank highlighted economic uncertainty and easing inflation as the main reasons for pressing pause this time around
President Trump has firmly announced he will not push back the August 1 deadline for tariffs, despite recent letters to Japan, South Korea, and other countries suggesting a potential easing of U.S. trade tensions. Stay tuned for the latest updates on Yahoo Finance!
Breaking: In a surprising twist that stunned markets, the Reserve Bank of Australia has chosen to keep interest rates unchanged in a split decision, going against widespread predictions of a cut amid persistent economic uncertainty
Former President Trump is turning up the heat on trade by threatening an additional 10% tariff on BRICS nations, labeling them as “anti-American,” Fox Business reports. This daring move escalates the already fierce trade battles amid ongoing geopolitical turmoil
Former President Trump announced that the U.S. and China have struck a groundbreaking trade deal, igniting a powerful rally in Chinese stock markets. This landmark agreement marks a major step forward in easing years of economic tensions between the two global powers
Japan’s corporate service inflation soared to 3.3% in May, driven by climbing costs in transportation and communications. This striking rise underscores ongoing price pressures that are reshaping the business landscape
The Bank of Japan held interest rates steady and announced a gradual easing of its bond purchase taper, signaling a cautious approach amid ongoing economic uncertainties, according to the Caledonian Record
Former President Trump unveiled a bold new strategy: securing magnets and rare earth minerals from China while simultaneously slapping tariffs on Chinese goods at a staggering 55%. This move signals a daring and complex shift in the US trade policy and supply chain approach
President Trump intensifies his drive for fresh trade agreements amid rising concerns that tariffs could disrupt the global economy. Stay with Yahoo Finance for the latest updates on unfolding negotiations and market reactions
Japan’s debt has skyrocketed to double the size of its entire economy, creating pressing fiscal challenges. Policymakers are now grappling with difficult choices on spending cuts and tax increases, all while navigating slow growth and an aging population, The New York Times reports
UK inflation rates have skyrocketed, sparking worries about the rising cost of living. Recent data reveals that prices are climbing at an alarming rate, affecting everything from your weekly grocery shop to soaring energy bills. As families prepare for tighter budgets, experts are weighing in on the potential economic fallout.
Australia’s job market experienced a remarkable surge in April, with impressive job gains that took many by surprise. Yet, analysts caution that this strong performance might not be enough to stop the Reserve Bank from slashing interest rates next week, as ongoing inflation and economic pressures continue to loom large.
Following Mark Carney’s triumphant win, Canada’s economy is navigating choppy waters. Recent job statistics have unveiled the lowest employment numbers we’ve seen in almost ten years. Experts are sounding the alarm over escalating unemployment rates, urging swift policy actions to address this pressing issue.
Germany has made a significant revision to its tax revenue forecasts, dramatically cutting estimates for 2029 by more than 80 billion euros. This substantial downward adjustment highlights the persistent economic challenges the country faces, including escalating costs and uncertainty in global markets, which are all taking a toll on fiscal planning
Australia witnessed an impressive boost in employment during April, with job opportunities soaring across multiple sectors. At the same time, the unemployment rate held firm at 3.5%, showcasing a resilient labor market as the economy continues its path to recovery.
Elon Musk recently weighed in on Senator Marco Rubio’s call for a ceasefire between India and Pakistan. With a brief yet impactful one-word reply, Musk not only captured the essence of the ongoing geopolitical tensions but also showcased his keen interest in global affairs
Dow Jones futures surged as investors eagerly anticipated fresh U.S.-China trade discussions. Excitement is in the air as all eyes turn to Federal Reserve Chairman Jerome Powell, whose forthcoming remarks could sway market sentiment amidst the backdrop of ongoing economic uncertainty.
In April, German inflation dipped to 2.2%, just shy of what analysts had anticipated. This decrease offers a glimmer of hope in easing price pressures, yet it also underscores the ongoing hurdles facing the economy as policymakers strive to steer recovery through a landscape marked by persistent volatility.