Economy
China cuts key lending rates to record lows to counter US tariffs hit
China’s central bank has cut its key lending rates to record lows to bolster the economy and cushion the impact of escalating trade tensions with the United States. The move follows a sweeping stimulus package announced earlier this month.
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Economy
German economic sentiment rebounds in May as tariff fears ease
Germany’s economic sentiment rebounded to 25.2 in May, surpassing forecasts amid easing trade tensions and political stability. Eurozone sentiment also improved. Despite weak current conditions, optimism grows across key sectors.
Europe News
'It's extremely encouraging,' Eurogroup president says on US-China trade rollback
Eurogroup President and Irish Finance Minister Paschal Donohoe welcomed the move of the United States and China agreeing to drastically roll back tariffs for 90 days. In an exclusive interview with Euronews, he called it a promising development for EU–US relations.
Markets
Investors wary as Trump says China removing non-tariff trade barriers
Trump stated that China had agreed to remove non-tariff trade barriers, likely referring to the country’s rare earth export controls imposed on the US in April. The market rally appears to be pausing, as investors await further details of the US-China trade agreement.
Culture news
Hungarian filmmakers in the shadow of Trump's tariff threat
The damage to the Hungarian film industry could be huge if Donald Trump follows through on his threat to impose tariffs on foreign-made films, but no one knows how this would work practically, so film industry experts are patiently holding their breath.
