Economy

articles

Economy

U.S. Faces Imminent Government Shutdown as Trump Meeting Ends Without Agreement

Vice President Vance warns funding impasse could begin Wednesday as lawmakers remain at odds

China’s Manufacturing Shows Signs of Recovery in September Despite Official Contraction

PMI edges higher as production and new orders improve, signaling cautious optimism for industrial growth

Australia Holds Interest Rates at 3.6% as Inflation Concerns Persist

RBA pauses rate hikes while core inflation remains elevated and economic growth shows resilience

Starmer Faces Defining Moment at Labour Conference in Liverpool

With business leaders restless, markets uneasy, and party factions pressing demands, the Prime Minister’s speech could shape the U.K.’s economic path.

Fed Faces Greater Uncertainty as U.S. Government Shutdown Looms

Key economic data may be delayed, leaving the central bank with less clarity on inflation and jobs as markets watch closely.

South Korea’s Population Crisis Threatens Long-Term Economic Growth

With fertility rates at historic lows, the “Miracle on the Han River” faces demographic and fiscal challenges that could reshape the nation’s future.

GOP Says Obamacare Tax Credit Debate Will Wait Until After Government Shutdown Threat

Republican leaders emphasize keeping the government open first, delaying negotiations on Affordable Care Act subsidies that impact millions of Americans.

Eric Adams Suspends 2025 Mayoral Re-Election Bid Amid Funding and Media Challenges

The New York City mayor cites campaign finance hurdles and intense media scrutiny as key reasons for stepping back, reshaping the high-profile race.

Trump Warns of Permanent Federal Job Cuts Amid Looming Government Shutdown

As the funding deadline approaches, the White House signals mass firings could replace furloughs, escalating pressure on Congress to strike a deal.

White House Warns of Potential Mass Federal Layoffs Ahead of Government Shutdown

OMB directs agencies to prepare for employee reductions as Congress struggles to pass stopgap funding

Democrats Stand Firm on Obamacare Protections as Government Shutdown Looms

Lawmakers clash over health-care subsidies with just days to prevent a federal shutdown

Fed’s Quarter-Point Rate Cut Leaves Wall Street Unmoved

Despite a widely expected 25-basis-point cut, markets show muted response as Fed signals caution on future policy moves.

UK Inflation Holds Firm at 3.8% — But Bank of England Unlikely to Shift Course

Central bank faces mounting pressure as price growth remains stubbornly high despite slowing wage gains

Stephen Miran Confirmed to Federal Reserve Board, Will Take Unpaid Leave from White House Role

Senate approval ensures Miran’s participation in critical FOMC meeting as debates over central bank independence intensify.

Appeals Court Blocks Trump from Firing Fed Governor Lisa Cook Ahead of Critical Interest Rate Vote

Federal judge’s ruling ensures Cook can participate in the pivotal FOMC meeting as legal battle over her removal continues.

Chinese Yuan Climbs Against U.S. Dollar but Slips Versus Global Peers: Understanding the Currency’s Divergent Path

Beijing’s strategic currency moves lift the yuan against the dollar, but its broader weakness raises concerns about trade competitiveness and policy shifts.

India’s Inflation Seen Staying Stable Despite Devastating Punjab Floods and Heavy Rains

Analysts say strong food reserves, GST cuts, and a resilient supply chain will help contain price pressures even as extreme weather damages farmlands.

Wealthy Chinese Flee Singapore as Tighter Financial Rules Erode Its Appeal

France’s Borrowing Costs Climb After Fitch Downgrade

Political turmoil, soaring debt, and looming reviews fuel investor anxiety over France’s fiscal future

Wealthy Chinese Flee Singapore as Regulatory Net Tightens

Once a safe haven for China’s elite, Singapore is losing its shine under stricter wealth and tax scrutiny

UK Economy Hits the Brakes in July as Momentum Fades

Stagnation raises pressure on Chancellor Rachel Reeves ahead of the critical Autumn Budget

Producer Prices Slip in August, Paving the Way for Potential Fed Rate Cut

Wholesale inflation cools unexpectedly as markets anticipate the Federal Reserve’s upcoming interest rate decision

France’s New PM Faces Immediate Test as Mass Protests Erupt

Sébstien Lecornu steps into office amid public unrest and fiscal pressures, tasked with steering a fractured government and balancing a ballooning deficit

Trump’s Fed Nominee Stephen Miran Cleared by Senate Banking Panel, Heads to Full Senate Vote

Committee approval sets the stage for a potential short-term Fed appointment amid ongoing board disputes

China’s Inflation Slips Deeper Into Negative Territory in August

Falling food prices and weak domestic demand keep deflation risks in focus

White House Condemns Israeli Strike on Hamas Officials in Doha

Attack in Qatar sparks diplomatic tensions as U.S. expresses disapproval and questions coordination

JPMorgan CEO Warns U.S. Economy is Slowing Amid Sharp Job Data Revisions

Dimon points to labor market weakness and cautious consumer spending as potential headwinds for growth

Poland Temporarily Shuts Major Airports Amid Russian Drone Strikes Near Ukraine Border

Warsaw’s Chopin Airport and regional hubs closed as Polish forces mobilize to secure airspace following cross-border threats

China’s Inflation Struggles Deepen with Sharper Price Declines in August

Deflationary pressures intensify as weak demand, falling food prices, and sluggish exports weigh on Beijing’s recovery efforts

China’s Consumer Prices Slide Sharply in August

Deflation pressures mount as food prices tumble, producer prices remain weak, and economists call for stronger stimulus

Trump Temporarily Blocked From Removing Fed Governor Lisa Cook

Federal judge halts President Trump’s attempt to fire the first Black female Federal Reserve Governor amid allegations and political tensions

Europe Faces Mounting Challenges as Leaders Struggle to Spur Growth and Innovation

Political and business leaders cite bureaucracy, regulatory hurdles, and lack of competitiveness as Europe’s persistent obstacles despite efforts to modernize the economy.

French Prime Minister Francois Bayrou Ousted in Confidence Vote, Government Falls

Centrist minority administration loses parliamentary support over 2026 budget plans, marking France’s fifth prime ministerial change in under two years.

Markets Brace for Fed Rate Cut — With Slim Chance of a Bigger Half-Point Move

Investors overwhelmingly expect a 25 basis point reduction at the September 17 meeting, but a weaker jobs report and persistent inflation risks leave the door open, however narrowly, for a larger cut.

Japan on the Brink of History: Sanae Takaichi Emerges as Frontrunner in Leadership Race

With Prime Minister Shigeru Ishiba stepping down, Japan faces a political crossroads as Sanae Takaichi and Shinjiro Koizumi lead the race to reshape the nation’s future.

U.S. Job Growth Slows Sharply in August as Payrolls Miss Expectations

Hiring cooled significantly last month with only 22,000 jobs added, fueling recession concerns and raising pressure on the Federal Reserve to cut rates.

France Overtakes Italy as Europe’s New Political and Economic Headache

Mounting deficits, repeated government collapses, and stalled reforms have left France in turmoil — drawing unflattering comparisons with Italy’s past instability.

India Slashes GST Rates to Boost Spending and Offset Tariff Pressures

Simplified tax structure, festive season timing, and relief for key industries aim to fuel domestic demand and shield economy from U.S. tariffs

Japan’s Real Wages See First Growth in Seven Months Amid Rising Inflation

Strong summer bonuses and steady pay hikes drive wage recovery, but high consumer prices continue to squeeze household spending

India’s Domestic Demand Shields Economy from Tariff Shock, but Currency Weakness Clouds Outlook

Robust consumption and resilient growth are expected to soften the blow of Trump’s tariffs, though a sliding rupee could pose new risks for trade and inflation.

Japan’s Bond Yields Surge to Multi-Decade Highs Amid Policy Shifts and Market Pressures

Yields on Japan’s long-term government bonds climb to levels unseen in decades as inflation, central bank policy changes, and global market forces reshape investor sentiment.

Congress Scrambles to Prevent Looming Shutdown as Political Battle Heats Up

With less than four weeks before federal funding runs dry, partisan clashes in Washington intensify over stopgap measures, health care, and Trump’s budget priorities.

UK Long-Term Borrowing Costs Hit 27-Year High Amid Fiscal and Inflation Pressures

Rising global bond yields and domestic fiscal challenges push gilt rates to levels unseen since the 1990s

Australia’s Economy Surges Past Expectations, Marking Strongest Growth in Nearly a Year

Domestic demand, resilient exports, and improved financial conditions fuel momentum despite global uncertainties

Indonesia Faces Market Volatility as Widespread Protests Shake Investor Confidence

Rupiah slides to weakest level since August, stock index falls as public unrest spreads across major cities

UK Prime Minister Starmer Revamps Economic Team, Taps Ex-BoE Deputy as Chief Adviser

Minouche Shafik joins Downing Street to strengthen economic strategy ahead of a challenging budget

Thailand Faces Heightened Political and Economic Turmoil After PM’s Removal

Analysts warn of short-term chaos, possible snap elections, and economic slowdown amid growing instability

Trump’s Immigration Crackdown Puts Billions of California’s Economy at Risk

Agriculture, construction, and hospitality industries brace for labor shortages as immigrant workforce faces new pressures

U.S. Consumers Keep Spending in July Despite Persistent Inflation

Consumer spending rose 0.5% in July, supported by strong income growth and auto purchases, even as inflation remains elevated at 2.6% annually.

China’s Factory Output Surges in August, Posts Strongest Growth in Five Months

Private survey shows manufacturing rebounded on rising new orders and export demand, easing concerns over prolonged slowdown.

Xi Jinping Calls for AI Cooperation, Warns Against ‘Cold War Mindset’ at Shanghai Cooperation Summit

At the largest-ever SCO gathering in Tianjin, China pledges billions in investments, expanded education initiatives, and stronger regional partnerships amid global geopolitical tensions.

Modi’s China Visit Signals Thaw in Relations Amid U.S. Tariff Pressure

Economic challenges push Asia’s two largest rivals toward cautious cooperation, but deep mistrust remains

U.S. Business Travel Holds Strong as Leisure Bookings Dip

Corporate trips to the United States remain resilient despite a slowdown in vacation travel

Britain’s Fiscal Watchdog Faces Scrutiny Amid Calls for Reform

Political pressures and economic uncertainty put the Office for Budget Responsibility under unprecedented scrutiny

Bank of Korea Holds Interest Rates Steady as Housing Market Risks Loom

Central bank raises GDP and inflation forecasts for 2025 while keeping a cautious stance on Seoul’s surging real estate market and rising debt levels.

Fed Governor Lisa Cook to Challenge Trump’s Dismissal in Court

Legal battle looms over presidential authority to remove Federal Reserve board members

Australia’s Inflation Surges in July as Power Bills Drive Cost-of-Living Pressures

Electricity prices soar 13%, lifting consumer inflation above forecasts and shaping Reserve Bank policy outlook

China’s Industrial Profits Ease 1.5% in July, Showing Signs of Stabilization

Manufacturing and utilities post gains as mining slump weighs on overall performance

U.S. Set to Announce Details of Japan’s $550 Billion Investment Package

Commerce Secretary Howard Lutnick confirms an update this week as Tokyo prepares to formalize its largest U.S.-bound investment deal, spanning semiconductors, rare earths, and advanced manufacturing.

Trump Signals DOJ Lawsuit Against California Over Redistricting as He Lauds Texas GOP Map

With California pushing a new Democratic-leaning congressional map, Trump vows federal action while praising Texas Republicans’ mid-decade redistricting efforts that could shift five House seats.

Trump Declares Fed Governor Lisa Cook Fired, But She Pushes Back

The president’s move to oust the first Black woman on the Federal Reserve Board sparks a legal and political showdown over central bank independence.

Vietnam Mobilizes Mass Evacuations as Typhoon Kajiki Intensifies

Airports closed and half a million residents moved inland as the storm threatens central Vietnam

BOJ’s Ueda Signals Rising Wages Amid Tightening Labor Market

Wage growth spreading beyond large firms boosts expectations for potential interest rate hikes

Lavrov Dismisses Talk of Putin-Zelenskyy Summit

Russian foreign minister says no agenda is ready despite Trump’s efforts to broker peace

Markets Hang on Jerome Powell’s Every Word

Fed chair signals possible rate cuts as inflation cools, labor market weakens, and tariffs add new uncertainty

India’s GST Overhaul Aims to Spark Consumer Boom Amid Global Headwinds

Simplified tax structure, youth employment push, and easing inflation could fuel demand despite tariff challenges.

Japan’s Core Inflation Slows to 3.1% in July but Stays Above BOJ Target as Rice Prices Ease

Price pressures remain elevated despite relief in food costs, raising questions over the Bank of Japan’s next policy moves.

Jackson Hole Symposium Gains Urgency as Trump Pressures the Federal Reserve

Fed Chair Jerome Powell’s keynote may set the tone for U.S. monetary policy and central bank independence as political scrutiny intensifies.

China’s Economic Crossroads: New Opportunities Amid Persistent Worries

As domestic demand falters and job sentiment hits record lows, Chinese firms look abroad for growth while policymakers aim to stabilize the economy

Fed Officials Split on Inflation, Labor Market, and Tariffs

July minutes reveal internal debate over rate cuts as policymakers weigh risks to employment and rising inflation

Trump Declares Halt on U.S. Solar and Wind Projects

President centralizes permitting power, blames renewables for rising electricity prices, and signals a dramatic policy shift in U.S. energy strategy

Trump’s Tariff Revenues Poised to Cushion Fiscal Impact of Tax-and-Spending Bill, S&P Says

S&P maintains AA+ U.S. credit rating, citing strong tariff inflows and resilient economy despite rising deficits

U.S. Envoy Says Russia Signaled Willingness to Grant NATO-Style Security Guarantees to Ukraine

Putin reportedly opens door to Article 5-like protection as Trump pushes for peace framework

Trump Pressures Zelenskyy to Take Lead in Ending War with Russia

Former U.S. president signals Ukraine holds the key to peace as Washington summit with Zelenskyy and European leaders approaches

China’s Economic Growth Slows in July as Retail and Industrial Activity Fall Short of Expectations

Weak domestic demand, extreme weather, and Beijing’s efforts to rein in overcapacity contribute to the country’s softening momentum.

Trump Escalates Pressure on Fed Chair Powell, Threatens Major Lawsuit Over Renovation Costs and Demands Rate Cuts

Former president criticizes Jerome Powell’s handling of Fed headquarters renovations and renews calls for immediate interest rate reductions amid ongoing economic debate.

UK GDP Rises 0.3% in Q2, Beating Forecasts Despite Early-Quarter Weakness

A stronger-than-expected rebound in June and robust service-sector growth helped offset earlier sluggishness, though economists warn the momentum may be short-lived.

Is a U.S. Inflation Shock Looming or Has the Worst Passed?

July’s modest price rise sparks optimism, but looming tariff effects keep economists cautious

Trump’s Pick for BLS Commissioner Suggested Halting Monthly Jobs Reports Amid Accuracy Concerns

Nominee E.J. Antoni advocates for quarterly data releases as the Bureau of Labor Statistics faces scrutiny over recent job growth reports

Egg Prices Keep Climbing—and Could Surge Even Higher if New Tariffs Hit

With avian flu slashing flocks and costs mounting, consumers already pay over $5 per dozen—worsening with tariff-fueled import costs on the horizon.

Trump Nominates Economist E.J. Antoni to Lead Bureau of Labor Statistics After Firing Predecessor

Following the controversial dismissal of former BLS commissioner Erika McEntarfer, Trump taps Heritage Foundation’s chief economist E.J. Antoni to restore trust and accuracy in U.S. jobs data.

Small Indulgences, Big Impact: How ‘Treatonomics’ is Thriving Amid Economic Uncertainty

From Everyday Luxuries to Memorable Experiences, Consumers Are Prioritizing Joy in Challenging Times

Democrats Condemn GOP’s Texas Redistricting as ‘Political Cheating’ Amid Abbott’s Arrest Threats

Statehouse showdown escalates as Texas Democrats flee, Governor Abbott vows arrests and ongoing special sessions

Trump Demands Homeless to Vacate Washington, D.C., Urges Relocation ‘Far from the Capital’

Amid falling crime rates, Trump ramps up tough rhetoric on homelessness and public safety in the nation’s capital

Trump Nominates Economic Advisor Stephen Miran as Fed Governor to Fill Kugler’s Seat

Miran’s appointment marks a temporary move amid ongoing Fed leadership changes and rising tensions over U.S. monetary policy.

China's Export Surge Defies Expectations with 7.2% Growth in July; Imports Mark Strongest Rise in a Year

Beijing reports robust trade performance in July as global demand picks up and domestic consumption shows signs of recovery.

Why Fewer Singaporeans Are Traveling to the U.S. in 2025 Compared to Other Southeast Asians

Concerns over safety, gun violence, and immigration processes are prompting more Singaporeans to avoid trips to the United States, according to a new regional travel survey.

India Holds Interest Rate Steady at 5.5% Amid Rising U.S. Tariff Pressure

Despite global trade uncertainty and U.S. threats over Russia ties, RBI maintains cautious stance to balance growth and inflation control.

U.S. Faces Elevated Recession Risk as Shifts in Monetary Policy and Immigration Tighten Growth Outlook

Harvard economist Carmen Reinhart warns that economic uncertainty, rising interest rates, and declining globalization could push the U.S. closer to a downturn

White House Under Fire as Trump Justifies Firing BLS Chief Over Jobs Data Revisions

Amid sharply downgraded job growth numbers, the Trump administration cites "hard evidence" to defend its decision—but critics warn of politicized data and long-term damage to public trust.

Job Market Turmoil Deepens as Trump Fires Labor Chief After Major Data Revision

A surprise downward revision to U.S. jobs numbers rattles markets and leads to the sudden dismissal of the nation’s top labor statistician—raising fears about political interference in economic data.

China’s Manufacturing Slump Deepens in July as PMI Misses Expectations for Fourth Consecutive Month

Ongoing U.S. trade tensions, extreme weather, and weak domestic demand continue to weigh down China’s industrial sector, as policymakers hold off on major stimulus.

Trump EPA Moves to Repeal Landmark Greenhouse Gas Endangerment Finding

EPA Administrator Lee Zeldin announces plans to roll back critical climate regulations, calling it the largest deregulatory action in U.S. history.

Singapore Holds Monetary Policy Steady as Growth Outlook Dims in Second Half

Despite a strong first-half GDP performance, Singapore braces for slower growth and rising trade uncertainties, keeping its policy stance unchanged amid volatile global conditions.

Australia’s Inflation Falls to 3-Year Low, Strengthening Rate Cut Hopes

Q2 inflation slows to 2.1%—just above the Reserve Bank of Australia’s lower target band—amid weaker consumer demand, flat growth, and rising joblessness.

European Central Bank Holds Interest Rates Amid Trade Uncertainty and Tariff Pressures

With ongoing EU-U.S. trade negotiations creating volatility, the ECB pauses rate cuts, balancing inflation targets and growth risks in a fragile economic landscape.

Trump and Powell Clash Over Fed Renovation Costs During Rare Visit, But Trump Steps Back from Firing Threats

Amid growing tensions over interest rates and Federal Reserve spending, Trump visits Fed headquarters, critiques $3.1 billion renovation, yet signals he won’t remove Powell before term ends.

South Korea Sidesteps Recession With 0.6% GDP Growth in Q2, Driven by Exports and Government Spending

Strong export rebound and increased domestic consumption help South Korea beat expectations, though economists warn the momentum may not hold amid global trade uncertainties.

Trump Set to Visit Federal Reserve in Unprecedented Challenge to Central Bank Independence

Thursday’s visit marks the first presidential trip to the Fed in nearly 20 years, escalating Trump’s public confrontation with Chair Jerome Powell over interest rate policy.

Affluent Chinese Mirror Pandemic-Era Pessimism Amid Sluggish Economy and Youth Job Woes

A growing number of wealthy Chinese express deep concerns over long-term financial stability, but appetite for international travel remains surprisingly strong

Junia Wells



August 3, 2025