China will increase its purchases of US goods and services by $200 billion over the next two years in exchange for the withdrawal of tariffs under the Phase One trade agreement, signed on Wednesday by the world’s two largest...
Iranian scientist assassinated
A prominent Iranian nuclear scientist Mohsen Fakhrizadeh was injured in an attack outside the capital Tehran on Friday and was being treated in a hospital, the semi-official Fars news agency reported, according to Reuters.
Shortly before, several Iranian...
The number of Americans looking for unemployment benefits fell last week but remained above 1 million.
US unemployment figures
According to a report released by the US Department of Labor on Thursday, the number of Americans applying for state unemployment benefits...
The US Trade Representative’s office on Monday released a list of additional European products that it would slap with tariffs of up to $4 billion. This threat of fresh tariffs on Euro goods comes after the US agreed with...
Markets are awaiting Wednesday with a historic FOMC meeting underway at the US Federal Reserve.
Rate-slashing largely anticipated
The Fed, under pressure from external factors such as the trade wars and internal ones regarding the slow pace of inflation, is expected...
The negative effects of the global demand shock caused by coronavirus (Covid-19) outbreak continue to exert pressure on macro data, even though the economic activities have started recently.
UK Consumer Price Index (CPI) showed no change in May despite market...
The private research group German Macroeconomic Policy Institute (IMK) warned in a Thursday-published report that there was an “almost 60% chance” that the Eurozone’s largest economy could descend into recession.
Heightened Risk
The monthly index assessing the German economic health set...
China’s government is planning to implement measures to further boost domestic consumption of both urban and rural residents, considering private consumption a key driver of China’s economy.
Beijing stimulus
The economy will also be stimulated through tax cuts and infrastructure spending....
Worries that the trade war between China and the US was becoming more and more entrenched with no resolution in sight sent down on Thursday Asian and American stocks, along with them the Dollar index and oil.
The novel coronavirus (Covid-19), which had been first identified in Wuhan, spread to the world, and it is the main topic of news flows for months. Global supply chains bring economic activities to a standstill, especially the growth concerns...
