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The Exchange

The tariff ripple effect on global trade

In partnership with Media City

The Trump administration’s ‘Liberation Day’ tariffs introduced in April has caused uncertainty and sparked a number of trade negotiations with the US’s biggest trading partners, but consumers all over the world are feeling the pain of inflation and price increases caused by supply chain disruptions.

Focus

ECO summit in Azerbaijan focuses on trade routes and cooperation

In partnership with Azpromo

At the 17th Economic Cooperation Organization summit in Khankendi, Azerbaijan, leaders prioritised trade, transport corridors, and stronger regional ties across member states and invited countries.

Economy

Chinese economy grows at a 5.2% annual pace despite trade war

China achieved GDP growth for the last quarter above the official 5% target, although strong exports to markets aside from the US masked weak domestic consumption.

Economy

Heatwaves: Which European countries face the biggest economic losses?

Rising heat is already affecting Europe’s economy, and researchers warn the losses in GDP and productivity will worsen in the decades ahead.

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EuroVerify

Fact check: Which eurozone country is creating the most jobs?

Spanish Prime Minister Pedro Sánchez recently said that his country was responsible for creating half of all new jobs in the eurozone, but is this true?

Economy

Trump talks of new August tariff date and looks for more trade deals

The US president warned that tariffs would return to their higher rates on 1 August, after the proposed 9 July deadline.

USA

Donald Trump says new tariffs of up to 70% will begin 1 August

Donald Trump stated that "10 or 12" letters would be sent out on Friday, with others to follow, ahead of a 9 July deadline for countries to strike deals and avoid higher import costs.

Business

Poland trials a four-day working week: A step towards the future?

Poland will start its first-ever pilot of a shortened working week this July as the government seeks to meet social needs.

Europe in Motion

How crucial is the strait of Hormuz to the global energy market?

Although Israel and Iran's ceasefire which came into force on Tuesday removed the pending threat of the Strait of Hormuz's closure, this is not the first time that Iran has said it would block it.

Travel News

How the water gun became a symbol of Spain's overtourism protests

The phenomenon started last July, when a fringe, left-wing activist group held its first successful rally.

Europe News

How can the EU respond to companies moving their production elsewhere?

MEPs are calling on the European Parliament to take action against industrial relocations after the BSH Domestic Appliances group announced the closure of a 650-employee factory in Spain.

Syria

Syria's economy needs 'substantial' international support, IMF says

Since long-time authoritarian leader Bashar al-Assad was ousted in December countries have started restoring ties with Damascus, with some lifting sanctions in a bid to kickstart the economy.

Syria

Syria's stock exchange reopens as Damascus aims to rebuild economy

The move to reopen comes as international restrictions on Syria's financial systems begin to ease in a bid to give the country a chance to rebuild after 14 years of civil war.

Europe News

Price of power: Does Germany need to return to nuclear?

Germany's new minister of economy wants more natural gas power stations and electricity subsidies. But is that enough to boost the economy?

Economy

Eurozone confidence lifts slightly in May but remains fragile

Eurozone consumer confidence rose by 1.4 points in May, partly reversing April’s drop, but remains well below average. Sentiment is still fragile amid inflation and trade uncertainty.

Economy

US loses business travellers with demand dampened by political turmoil

Many fear that policies from the Trump administration are hurting the US' soft power and dampening demand to visit the country.

Economy

Merz's stumble jeopardises hopes of rebooting sluggish German economy

Friedrich Merz's failure to secure the title of chancellor in the first round of voting has created doubt over the future effectiveness of his government.

Europe News

New India-Europe 'spice route' gains traction amid global tensions

Hampered by the Israel-Hamas war in Gaza, the India-Middle East-Europe Economic Corridor (IMEC) project is gaining momentum with the return of US President Donald Trump to office and the trade war between Washington and Beijing.

Travel News

Hawaii to hike hotel tax for travellers to pay for climate action

The state's governor has long said the 10 million visitors who come to Hawaii each year should help the state's 1.4 million residents protect the environment.

Economy

Spain's economy grows at slightly slower pace at the start of the year

The nation is still outperforming many European peers, with consumption set to remain robust as the year continues.