US Tariff Hike Sparks Global Economic Uncertainty
OECD Chief Economist warns US tariffs have soared to record levels since 1936, fueling global economic uncertainty.
Economy
Bulgaria Joins Eurozone on January 1
Bulgaria is set to adopt the euro on January 1, becoming the 21st EU member state to join the eurozone and unlock new growth opportunities.
US Trade Court Halts Tariffs, Uncertain Future for Trade Talks
A U.S. trade court rules Trump’s tariffs unlawful, plunging trade talks into uncertainty and impacting U.S. businesses.
Aussie Q1 GDP Slides to 0.2% Growth
Australia’s Q1 2025 GDP growth slows to 0.2%, disappointing forecasts despite a 1.3% annual rise. Here’s the economic snapshot.
China, EU Set Stage for Enhanced Trade Ties
Chinese Commerce Minister Wang Wentao and EU trade chief held candid talks in Paris to boost economic and trade cooperation.
Lee Jae-myung Ushers New Era in South Korea
Liberal leader Lee Jae-myung takes office in South Korea, vowing to overcome past crises and address urgent economic challenges.
China Hits Back Over U.S. Claims After Geneva Talks
China defends its trade commitments after Geneva talks, critiquing U.S. tech and education restrictions.
US Tariffs Ignite Energy Crisis: Trade War Dilemma
New US tariffs spark an energy crisis, threatening oil production and renewable investment, warns Wood Mackenzie analysis.
Dragon Boat Festival Travel Boom Fuels Economic Resilience
The Dragon Boat Festival ignited a travel boom in the Chinese mainland, with soaring bookings and a vibrant cultural revival fueling economic growth.
Eurozone Inflation Dives to 1.9% in May – A Surprising Twist!
Eurozone inflation fell to 1.9% in May, the lowest since September 2024, driven by a slowdown in services prices that surprised many analysts.