Economy

Tokyo (AFP) - The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision,...

US to produce tariff ‘number’ for countries on April 2: Bessent

Washington (AFP) - Washington is expected to present US trading partners on April 2 with a number representing their tariff...

US music industry posts 100 million paid streaming users

New York (AFP) - The US music industry passed 100 million paid streaming subscriptions for the first time in 2024,...

Bessent says nations may avoid US reciprocal tariffs by halting unfair barriers

by David Peterson

Washington (AFP) - US Treasury Secretary Scott Bessent on Tuesday said Washington could hold off reciprocal tariffs for countries that...

Data shows patchy Chinese economy in first two months of the year

by Emma Reilly

Beijing (AFP) - China's economy charted an uneven trajectory in the first two months of the year, a slew of...

Trump taps Michelle Bowman to be US Fed vice chair for supervision

by Natalie Fisher

Washington (AFP) - US President Donald Trump on Monday picked Michelle Bowman to be the Federal Reserve's next vice chair...

New blow to German auto sector as Audi announces job cuts

Frankfurt (Germany) (AFP) - Premium carmaker Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing "immense...

US retail sales weaker than expected as consumer health under scrutiny

by Emma Reilly

Washington (AFP) - US retail sales logged smaller gains than expected in February according to government data released Monday, edging...

Court upholds £3 bn lifeline for UK’s top water supplier

by David Peterson

London (AFP) - A UK court on Monday upheld an emergency loan granted to Thames Water, allowing Britain's largest such...

OECD lowers global growth projections over tariffs, uncertainty

by Andrew Murphy