ECB Cuts Rates, Signals Less Restrictive Policy Ahead
In a significant move on Thursday, the European Central Bank (ECB) slashed its interest rates by 25 basis points, reducing the deposit facility rate to 2.5%.
ECB Poised for Rate Cut Amid Shifting Inflation Dynamics
European markets are adjusting expectations as the European Central Bank (ECB) prepares for its upcoming interest rate decision, influenced by recent U.S. inflation data.
Hong Kong Plans 10,000 Job Cuts and AI Investment to Tackle Deficit
Hong Kong is set to cut 10,000 civil service jobs by 2027 and invest heavily in AI to address its rising fiscal deficit.
UK Online Sellers Face Major US Tariff Shake-Up
UK-based independent sellers on platforms like eBay and Amazon could face severe sales declines in the US due to new import rules proposed by Donald Trump.
UK Interest Rates Too Restrictive, But Caution Needed on Cuts
The Bank of England’s recent decision to cut interest rates by 25 basis points was expected, yet it still surprised some economists.
Escalating Trade Tensions: U.S. and China Exchange New Tariffs
In a significant escalation of trade tensions, the United States has imposed a 10% tariff on all Chinese imports, effective immediately.
Bank of Japan Breaks Records with Highest Rate Hike in 17 Years
In a decisive move to combat rising inflation, the Bank of Japan (BOJ) is preparing to increase interest rates to their highest level in 17 years.
UK Economy Shows Modest Growth in November Amid Stagnation Concerns
In November 2024, the UK's economy experienced a modest growth of 0.1%, following two months of contraction.
Japan's Core Inflation Accelerates, Keeps BOJ Rate-hike Chance Alive
Japan's core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates.
Brazil’s Real Hits All-Time Low as Spending Cuts Disappoint
A plan to cut government spending falls flat with investors.
German Finance Minister Proposes Rival Economy Plan, According to Reuters
Germany's finance minister is pushing for tax cuts and fiscal discipline in a position paper.
Thailand Reports 30 Percent Increase in Foreign Tourist Arrivals, Eyes 40 Million Tourists in 2025
Thailand’s tourism ministry revealed on Tuesday that the country has welcomed 26.6 million foreign tourists so far this year, marking a substantial 30% rise compared to the corresponding period in 2023.
OPEC+ Sees No Peak Oil Demand Long Term, Secretary General Says
OPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand.
The Fastest Declining Economies in the World in 2024
The global economy is experiencing critical economic challenges as growth is projected to slow to 2.6% in 2024 which is just above the recession threshold of 2.5%.