Trade tremors deepen: World Bank slashes global growth forecast to 2.3% for 2025; warns of long-term hit from tariffs, inflation
The World Bank predicts a sharp slowdown in global growth for the coming year. This is due to trade disruptions caused by US tariffs. These ...
China exports: Global shipments rose 4.8% in May; inflow to US falls nearly 35% amid trade talks
China’s export growth decelerated in May, rising only 4.8% year-on-year, a significant drop from April’s 8.1% increase, primarily due to a sharp 35% decline in ...
Asian stocks rally as US-China trade talks spark optimism; US jobs data lifts sentiment; Hang Seng jumps 1.4%
Asian stocks surged on Monday, fueled by optimism surrounding US-China trade talks in London and robust US jobs data. Despite a contraction in Japan’s economy ...
Trade war: US-China trade talks in London next week; Trump says ‘meeting should go very well’
US officials, including Treasury Secretary Scott Bessent, are set to meet in London for trade negotiations, announced President Trump. This follows a conversation with Chinese ...
OECD cuts global growth forecast to 2.9% in 2025 and 2026 amid escalating trade war
The OECD has downgraded its global economic growth predictions due to the escalating trade war spurred by US tariffs. The revised forecast indicates a slowdown ...
China manufacturing shrinks in May despite trade war truce
Okay, buckle up, because things in the world’s factory are looking a little… bumpy. The latest numbers are in, and China’s manufacturing sector, a crucial ...
Hang Seng, FTSE fall with global markets on trade uncertainty; oil climbs on geopolitical risks
Global stock markets experienced a downturn due to fading optimism regarding trade tensions, while oil prices surged amid potential sanctions on Moscow. Nvidia’s strong earnings ...
India’s trade deal with US could unlock new export and market opportunities: Finance ministry report
India and the US are in trade agreement negotiations, aiming to boost exports and market access. India seeks exemption from US tariffs, while the nation’s ...
Japan loses position as world’s largest creditor nation as Germany claims title after 34 years
In a historic shift, Germany has overtaken Japan as the world’s leading creditor nation after 34 years, despite Japan’s record ¥533.05 trillion in net external ...
Asian shares edge lower as US markets closed for Memorial Day
Asian shares mostly declined amid light trading due to the US Memorial Day holiday. The Bank of Japan hinted at potential interest rate hikes following ...
