economy – Page 3

Singapore economy beats Q1 forecasts, warns of trade war risks | World News

[ad_1] SINGAPORE: Singapore’s economy rose faster than expected in the first quarter year-on-year, official data showed Thursday, pushed by stronger global demand as businesses rushed to beat the imposition of higher US tariffs.The government, however, warned that downside risks remained as a full-blown trade war between the United States and China could still reignite after […]

China’s economy slows in April as trade war blues hit retail sales, housing and investment | World News

[ad_1] China’s economy slows in April as trade war blues hit retail sales, housing and investment (Photo: AP) China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump’s painfully high […]

Trump’s first 100 days: A troubled economy, a confused world

[ad_1] In his first hundred days back in office, Donald Trump has achieved what few leaders manage: unsettle markets, depress business and consumer expectations, and fray diplomatic standing of America — all at once. His tariff blitzkrieg, erratic commentary on Russia and Ukraine, and mounting pressure on the Federal Reserve have caused a level of […]

Newsom: California is now world’s 4th-biggest economy, pips Japan

[ad_1] California governor Gavin Newsom boasted that his state has become the world’s fourth-largest economy, following only the US, China and Germany in global rankings.The state’s nominal GDP reached $4.1 trillion last year, edging past Japan’s $4.02 trillion, Newsom said, citing newly released IMF country-level data and preliminary state data from US Bureau of Economic […]

Trump Tariff: Russian state TV ‘mocks’ Trump, says he should be given a medal for destroying trust in economy

[ad_1] Russian state TV reveled that Trump destroyed trust in the economy. Russian state TV cheered for Donald Trump as the president imposed reciprocal tariffs across the world, leading to a global economic meltdown. Russia has been kept out of the list and political scientist Dmitry Kulikov said on a TV program that Trump’s tariffs […]

US tariffs wipe out $9 trillion in global markets; Trump says will ‘supercharge economy’

[ad_1] Global markets were rattled on Friday as US President Donald Trump’s aggressive tariff war triggered a massive sell-off, erasing more than $9 trillion in market capitalisation since his second-term inauguration on January 20. The Wall Street meltdown, the worst since the Covid -19 pandemic, sent shockwaves across global financial centres. The S&P 500 plunged […]

Howard Lutnick On Trump Tariff: ‘Let Trump run the global economy’: Howard Lutnick says there’s no way Trump would back off on tariffs

[ad_1] Trump tariff mastermind Howard Lutnick said there’s no way the president would back off on reciprocal tariffs. Donald Trump’s commerce secretary Howard Lutnick Thursday said that people should just let the president run the global economy because he knows what he has been doing. He’s been talking about it for 35 years, Lutnick said […]