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Economy

Economy

Did Trump break Wall Street?

Peter G. Killigang

The relationship between politics and financial markets has always been intricate, yet the reemergence of former President Donald Trump in the political arena is generating new ripples across Wall Street.…

Retail sales jumped more than expected last month

Economy

Last month’s retail sales exceeded expectations

Peter G. Killigang

Last month, consumer expenditures witnessed an unforeseen increase, with retail sales climbing more considerably than analysts had anticipated. This rise indicates revived momentum within the retail industry, presenting cautious hope…

Economy

US and Indonesia announce tariff accord

Peter G. Killigang

The United States and Indonesia have finalized an important trade deal that tackles longstanding issues related to tariffs, marking a new phase in their economic ties. This agreement, achieved following…

Trump launches probe into Brazil's 'unfair' trade practices

Economy

Trump examines Brazil’s ‘unfair’ trade practices

Peter G. Killigang

During his presidency, Donald Trump’s administration launched a formal investigation into Brazil’s trade policies, citing longstanding concerns over what the United States considered to be unfair trade practices. This move…

US wholesale inflation was unchanged last month despite tariff rollout

Economy

US wholesale inflation steady last month despite tariff rollout

Peter G. Killigang

Wholesale costs in the United States remained unchanged in the past month, with no overall rise occurring even with the introduction of additional tariffs. This situation indicates that inflationary forces…

Drivers offered up to £3,750 discount to buy electric cars

Economy

Electric car buyers in the UK offered £3,750 discount

Peter G. Killigang

Recent economic indicators reveal that inflation in the United States has experienced an uptick, with a notable portion of the rise attributed to the influence of tariffs on goods and…

EU delays retaliatory trade tariffs against US

Economy

EU postpones retaliatory trade tariffs against US

Peter G. Killigang

The European Union has opted to delay the enforcement of planned trade tariffs on goods imported from the United States, signaling a strategic pause in an ongoing transatlantic dispute. The…

Bank boss ready to cut rates if job market slows

Economy

Rate cuts possible if job market stalls, says bank boss

Peter G. Killigang

A leading figure at the central bank has indicated a willingness to reduce interest rates if economic data continues to reflect a slowdown in the employment sector. While the current…

Trump threatens 35% tariffs on Canadian goods

Economy

Trump considers 35% tariffs on Canadian products

Peter G. Killigang

In recent remarks that have drawn significant attention from political analysts, business leaders, and international observers, former U.S. President Donald Trump has raised the prospect of imposing a substantial tariff—up…

Economy

Unexpected economic shrinkage leaves Reeves disappointed

Peter G. Killigang

The economy of the United Kingdom has faced an unforeseen shrinking, leading to a response from Chancellor of the Exchequer Rachel Reeves, who expressed worry about the recent statistics and…