- — Beijing will not engage in market dumping, China’s ambassador to India says
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at 4/29/25 3:00pmChina will not dump its goods in other countries due to its trade and tariff war with the U.S., Beijing’s ambassador to India, Xu Feihong, wrote in an article on Tuesday, trying to allay fears of cheap Chinese goods flooding other markets. In tit-for-tat tariffs between the world’s two biggest economies, China and the U.S. ...- — UPS cuts 20,000 jobs, GM delays investor call as Trump’s tariffs create corporate chaos
- at 4/29/25 3:00pmGeneral Motors, Kraft Heinz and Electrolux on Tuesday joined the diverse list of companies that have pulled forecasts for 2025 or slashed outlooks, as U.S. President Donald Trumps trade war sends a chill through the corporate world. GM also pushed its investor call to Thursday pending possible changes to tariff policy, while delivery giant UPS ...
- — US Supreme Court fight may shape Trump’s ability to fire Fed chair
- at 4/29/25 3:00pmWhen the U.S. Supreme Court rules on President Donald Trump’s effort to remove two federal labor board members, Federal Reserve Chair Jerome Powell will be watching for clues about his own job security. The court fight over Trump’s firings of two Democratic labor board members despite legal protections for these positions has emerged as a ...
- — Amid Trump tariffs, China’s trade and economy tsar steps into spotlight
- at 4/29/25 3:00pmWhen the leaders of some of the world’s largest companies flocked to Beijing for a business forum last month, their main purpose was a coveted meeting with Chinese leader Xi Jinping. But many were left impressed by Vice Premier He Lifeng, according to a U.S. business person briefed on the encounters. A longtime confidant of ...
- — German consumer sentiment improves in May but still weighed by uncertainty, GfK survey shows
- at 4/29/25 3:00pmGerman consumer sentiment improved further heading into May as the prospect of a new government appeared to soothe households, countering some of the uncertainty unleashed by tensions over import tariffs for now, a survey indicated on Friday. The consumer sentiment index, published by the GfK market research institute and the Nuremberg Institute for Market Decisions ...
- — South Korea exports seen falling as Trump’s tariffs start to weigh
- at 4/29/25 3:00pmSouth Korea’s exports are expected to have fallen in April, as U.S. President Donald Trump’s sweeping tariffs, including those on autos and steel, started to weigh, a Reuters poll found on Tuesday. South Korea is the first major exporting economy to report trade figures each month, providing an early look at the state of global ...
- — New methodology would have lowered UK inflation rate in year to June 2024, ONS says
- at 4/29/25 3:00pmUpcoming changes in the way Britain calculates the country’s inflation rate would have produced slightly lower headline figures for the year to June 2024, figures from the Office for National Statistics showed on Tuesday. Annual consumer price inflation would have averaged 0.28 percentage points less per month versus the reported data in the year to ...
- — Emerging economies lead the way in AI trust, survey shows
- at 4/29/25 3:00pmPeople in emerging economies are more willing to trust AI than those in advanced economies and are more optimistic and excited about its benefits, a major survey by the University of Melbourne and professional services firm KPMG has found. The global study showed two-thirds of those surveyed were now using artificial intelligence regularly and even ...
- — China’s Big Five banks post slimmer margins as economic challenges persist
- at 4/29/25 3:00pmChinas Big Five lenders reported narrower margins at the end of the first quarter on Tuesday, as profits fell for some on the slowing economy under the shadow of rising tariffs. As the property sector continues to struggle, developer defaults are also weighing. In the first quarter of 2025, the global economy lacked strong growth ...
- — Euro zone bank lending continued to pick up before tariffs, ECB data shows
- at 4/29/25 3:00pmLending growth to euro zone businesses continued to accelerate in March, indicating that a series of interest rate cuts was bolstering activity before the United States launched a global trade war, European Central Bank data showed on Tuesday. Lending to euro area firms expanded by 2.3% in March after a 2.0% reading a month earlier, ...
- — China’s April factory activity seen slipping as Trump tariffs bite
- at 4/29/25 3:00pmChinas factory activity likely contracted in April, a Reuters poll showed on Tuesday, as Donald Trumps Liberation Day package of tariffs brought a sudden halt to two months of recovery. A Reuters poll of 30 economists forecast the official purchasing managers index (PMI) will come in at 49.8 on Wednesday, down from Februarys 50.5 and ...
- — UK’s 100 billion pound investment pot smaller than it looks, think tank says
- at 4/29/25 3:00pmBritish finance minister Rachel Reeves will have to juggle competing calls to boost growth and tackle immediate social needs when she divides up a 100 billion pound ($134 billion) investment pot in June, a think tank said on Tuesday. The Resolution Foundation estimates Reeves will have just 20 billion pounds left over if she allows ...
- — Export employment to dive if trade war persists -US business group
- at 4/29/25 3:00pmAll American exports to China worth $140.7 billion last year now face a retaliatory Chinese tariff of at least 125%, putting at risk hundreds of thousands of American jobs that support the exports, the US-China Business Council said on Tuesday. China imposed a 125% tariff rate on U.S. exports on April 11 to retaliate against ...
- — Pre-tariffs stockpiling boosts US goods trade deficit to record high
- at 4/29/25 3:00pmThe U.S. trade deficit in goods widened to a record high in March as businesses ramped up efforts to bring in merchandise ahead of President Donald Trumps sweeping tariffs, suggesting trade was a large drag on economic growth in the first quarter. While some of the imported goods ended up in warehouses at wholesalers, economists ...
- — Ray Dalio warns of changing global order amid Trump tariffs; already ’too late’
- at 4/29/25 3:00pmBillionaire investor Ray Dalio warned on Monday that a mix of U.S. trade disruptions and poor fundamentals were bringing about a major shift in the global political and monetary order. Dalio said in a post on X that it was “already too late” for disruptions from U.S. President Donald Trump’s tariffs to settle down, stating ...
- — Will Africa’s financial stability fund rise to the debt challenge?
- at 4/29/25 3:00pmAngola will use its chairmanship of the African Union this year to advance the creation of a continental financial stability mechanism, its finance minister said, to cushion economies from sliding into a liquidity crisis due to external debt repayments. Here are some key aspects of the proposed African Financing Stability Mechanism (AFSM): WHY ARE AFRICAN ...
- — US job openings fall in March; layoffs decline
- at 4/29/25 11:00amU.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing despite an ever-shifting tariffs policy casting a pall over the economy. Job openings, a measure of labor demand, decreased 288,000 to 7.192 million by the last day of March, the Labor Departments Bureau of ...
- — Trade war may lower growth and inflation in euro zone, ECB’s Cipollone says
- at 4/29/25 11:00amA global trade war could lower both economic growth and inflation in the euro zone and it could have an unambiguously recessionary effect on the countries involved, ECB board member Piero Cipollone said on Tuesday. Cipollone’s remarks strengthened the case for a further ECB rate cut in June and also warned about the risks of ...
- — US consumer confidence plunges in April
- at 4/29/25 11:00amU.S. consumer confidence slumped to a nearly five-year low in March as growing concerns over tariffs weighed on the economic outlook. The Conference Board said on Tuesday its consumer confidence index dropped 7.9 points to 86.0 this month, the lowest reading since May 2020. Economists polled by Reuters had forecast the index sliding to 87.5. ...
- — White House denounces Amazon for plan to disclose cost of US tariffs
- at 4/29/25 11:00amThe White House on Tuesday denounced Amazons reported plans to disclose the cost that U.S. tariffs imposed by President Donald Trump were adding to its products, and slammed the retail giant for its past ties to China. White House press secretary Karoline Leavitt said she had discussed the Amazon plan, reported earlier by Punchbowl News, ...
- — Greece to ask EU for fiscal leeway on defence spending, minister says
- at 4/29/25 11:00amGreece will ask the European Commission to exempt its 2026 defence spending from the EUs budget rules as part of the so-called fiscal escape clause, its finance minister said on Tuesday. The country will submit a request later on Tuesday seeking to exempt defence spending worth 500 million euros ($569.60 million) earmarked for 2026, less ...
As of 4/30/25 5:01am. Last new 4/29/25 4:24pm.
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