Angela Barnes
ADVERTISEMENT
Economy
How tariffs and other uncertainties are weighing on Mideast economies
Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said on Wednesday.
Economy
Donald Trump to offer automakers some relief on his 25% tariffs
President Donald Trump signed executive orders on Tuesday to relax some of his 25% tariffs on automobiles and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers.
Economy
Greece unveils €1bn in benefits after posting 1.3% budget surplus
Greece’s prime minister on Tuesday announced €1 billion in financial benefits for lower-income households and the public investment program, after the country became one of the few European Union members to post a budget surplus in 2024.
Business
South Korea to boost chip industry support in face of Trump's tariffs
South Korea said on Tuesday it will expand its financial support package for its crucial semiconductor industry to 33 trillion won (about €22.43 million) as part of efforts to address uncertainties posed by the Trump administration’s tariff hikes.
Markets
Wall Street rallies to historic gains as Trump halts most tariffs
Asian shares followed the US trend and surged overnight with Japan’s benchmark jumping more than 2,000 points almost immediately after the Tokyo exchange opened, as investors welcomed President Donald Trump ’s decision to back off on most of his tariffs.
Economy
China vows to fight tariffs to end and says trade with US is balanced
China again vowed to “fight to the end” against Donald Trump's tariffs in a lengthy policy statement published on Wednesday, arguing that trade between the two countries is in balance as a 104% tax on the country's exports to the US came into effect.
ADVERTISEMENT