Economy News

U.S. consumer confidence slumped to a nearly five-year low in April as growing concerns over tariffs weighed on the economic...

U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing despite an...

The Los Angeles port is expecting a 35% drop in cargo from Asia next week, Gene Seroka, the port's executive director, said in a CNBC interview...

Turkey's monthly inflation rate is expected to climb to 3.1% in April, driven by energy prices and lira depreciation following the imprisonment...

As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People's Bank of China...

Lending growth to euro zone businesses continued to accelerate in March, indicating that a series of interest rate cuts was bolstering activity...

China's factory activity likely contracted in April, a Reuters poll showed on Tuesday, as Donald Trump's "Liberation Day" package...

A global trade war could lower both economic growth and inflation in the euro zone and it could have an "unambiguously recessionary...

Central Europe has limited fiscal space to offset the economic hit from tariffs given high deficit levels across much of the export-reliant region,...

Spain's economic growth slowed down slightly to a still solid 0.6% in the first quarter, staying well ahead of euro zone peers, as the...

Finnish biofuel maker and oil refiner Neste expects U.S. tariffs will have only a limited direct impact on its business, it said on Tuesday,...

South Korea's exports are expected to have fallen in April, as U.S. President Donald Trump's sweeping tariffs, including those on autos and...

Sweden's gross domestic product was unchanged in the first quarter of the year compared with the previous three-month period, preliminary...

Australia's wine export boom to China that followed an improvement in relations between the two countries is showing signs of slowing, amid a...

British food price inflation jumped to its highest in nearly a year in April, according to a survey published on Tuesday that said higher costs for...

EURUSD was little changed today, trading at $1.1352, losing by more than -1.3% last week after four consecutive weeks of strong performance. As...

British retail sales volumes fell by the smallest amount since October this month but stores expect conditions to worsen next month, according to a...

Abu Dhabi state oil giant ADNOC will raise $1.5 billion from a debut sale of Islamic bonds, or sukuk, according to a document seen by Reuters on...

The number of people cycling in the City of London has increased by more than 50% in two years, boosted by new cycle paths and dockless cycles and...

Taiwan's trade-reliant economy likely grew at a quicker pace in the first quarter of 2025 compared with the final quarter of 2024, driven by...

European Central Bank policymakers are becoming increasingly confident about cutting interest rates in June as inflation continues its march lower,...

Chinese policymakers on Monday sought to assuage concerns the broad U.S. tariffs could derail efforts to shore up a fragile economic recovery, even...

China's industrial profits returned to growth in the first quarter, official data showed on Sunday, but are likely to come under further...

U.S. consumer sentiment ebbed for a fourth straight month in April amid concerns about the economic impact of tariffs. The University of...

China has decided to grant exemptions from import tariffs for some aircraft parts, including jet engines, the head of French engine maker...

Germany's Merck KGaA said on Thursday it is in late-stage talks to acquire U.S.-based SpringWorks Therapeutics for about $3.5...

Increased global economic risks will likely weigh on Switzerland's economic growth, Swiss National Bank Chairman Martin Schlegel said on...

British retail sales rose unexpectedly in March to cap a strong first quarter for the consumer, providing a much-needed boost to the economy,...

Core inflation in Japan's capital accelerated to a two-year high in April on surging food costs, making the central bank's quest to fully...

British consumer confidence slid this month to its lowest level since November 2023 as people became much gloomier about the outlook for the...

Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will continue to raise interest rates if underlying inflation converges toward...

U.S. existing home sales fell more than expected in March, weighed down by higher borrowing costs, and further weakness is likely as growing...

The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting the labor market remained resilient...

The German government cut its economic growth forecast on Thursday and now sees stagnation in 2025 instead of a 0.3% expansion as uncertainty from...

The downturn in British factory orders eased only slightly in April, with new export business sliding sharply amid a global trade war, the...

The decision by India's central bank to cut rates and flood the banking system with cash will do little to immediately boost demand in...

Eno Qian, who runs a clothing factory in eastern China, says she makes a 20 yuan ($2.74) profit for every item she sells abroad and only a tenth of...

India is expecting steel imports from China, South Korea and Japan to slow after imposition of temporary tariffs this week, a government source...

The Swiss National Bank said on Thursday it posted a first quarter profit of 6.7 billion Swiss francs ($8.08 billion), as surging gold prices...

China's state regulator and planning council published a new version of its "negative list" that relaxes barriers to entering the...

South Korea's economy unexpectedly contracted in the first quarter as exports and consumption stalled amid fears over the impact of...

U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more than expected,...