Economy
Hormuz Standoff: Iran’s Sanction Resilience vs. US Economic Pressure
A protracted crisis in the Strait of Hormuz pits Iran's hardened economy against US-imposed sanctions, with global oil prices and recession risks...
Economy 297 articles
Economy
VAT Cut on Summer Fun: A Surprise from the Chancellor
Chancellor Rachel Reeves announced a surprise VAT cut on summer attractions, aiming to ease cost-of-living pressures. The move was not pre-briefed.
Economy
Walmart Uses Tariff Refunds for Price Cuts as Shoppers Feel Gas Price Squeeze
Walmart plans to use tariff refunds to lower prices, responding to consumer stress from rising gas costs. CFO John David Rainey noted...
Economy
UK Inflation Dips to 2.8%, but Analysts Foresee Future Rise
UK inflation unexpectedly fell to 2.8% in April, driven by lower energy bills. However, experts predict a rebound to around 4% by...
Economy
Kansas Wheat Crop Faces Worst Outlook Since 1972 Amid Drought and Costs
Kansas farmers confront a potential wheat crop shortfall not seen since 1972, battling severe drought and escalating production expenses.
Economy
EU Approves US Tariff Cap After Fierce Internal Debate
The European Union has approved a tariff deal with the United States, capping tariffs on most EU exports at 15% following intense...
Economy
China Confirms 200 Boeing Jet Purchase Post-Trump-Xi Summit
China has confirmed a significant order for 200 Boeing aircraft following the recent summit between Presidents Trump and Xi. The deal includes...
Economy
Japan’s Economy Grows 2.1% Annually on Consumer Spending
Japan's economy expanded at a 2.1% annualized rate in the January-March quarter, driven by robust consumer and business spending, government data shows.
Economy
China’s Economy Stumbles in April as Investment Contracts Unexpectedly
China's economy experienced a broad slowdown in April, with fixed-asset investment unexpectedly shrinking and retail sales and industrial output missing forecasts, signaling...