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Ireland Revises Q1 GDP Down, Germany’s Exports Slide on U.S. Tariff Shifts

Ireland Revises Q1 GDP Down, Germany’s Exports Slide on U.S. Tariff Shifts

July 10, 2025, 3:08 pm EDT
Australian Consumer Spending Shows Signs of Moderate Recovery, Rate - Cut Expectations Strengthened

Australian Consumer Spending Shows Signs of Moderate Recovery, Rate - Cut Expectations Strengthened

May 13, 2025, 3:28 pm EDT
Japan's Economy Faces Double Pressure: Manufacturing Contraction and Halted Central Bank Policy Shift

Japan's Economy Faces Double Pressure: Manufacturing Contraction and Halted Central Bank Policy Shift

May 13, 2025, 2:15 pm EDT
Australian Shares Edge Up in Narrow Range; RBA Rate Decision Sparks Volatility

Australian Shares Edge Up in Narrow Range; RBA Rate Decision Sparks Volatility

July 10, 2025, 3:25 pm EDT
Auckland CBD Retail Vacancy Hits 13%, Triple Wellington’s Rate Amid Mixed Pressures

Auckland CBD Retail Vacancy Hits 13%, Triple Wellington’s Rate Amid Mixed Pressures

July 10, 2025, 3:13 pm EDT
More in Economic News
Japan's Economy Shrinks in Q1 as US Tariffs Hit Auto Industry

Japan's Economy Shrinks in Q1 as US Tariffs Hit Auto Industry

Japan's economy is expected to have shrunk by 0.2% on an annualized basis in the first quarter, the first negative growth in a year, according to a Reuters poll. The main reasons are weak domestic demand and imports growing faster than exports. Private consumption increased only slightly by 0.1%, as rising food prices curbed spending. Capital expenditure rose by 0.8%, but net exports dragged down GDP by 0.6%.

Trump Signs "Big and Beautiful" Act, Hitting New - energy Industry

Trump Signs "Big and Beautiful" Act, Hitting New - energy Industry

On July 4, 2025, US President Trump signed the controversial "Big and Beautiful" tax and spending bill into law, which has dealt a heavy blow to the US new - energy industry.

Australian Consumer Spending Shows Signs of Moderate Recovery, Rate - Cut Expectations Strengthened

Australian Consumer Spending Shows Signs of Moderate Recovery, Rate - Cut Expectations Strengthened

Australia's retail sales in March increased by 0.3% month - on - month and 4.3% year - on - year, expanding for the third consecutive month, indicating the resilience of household consumption. Food retail led the growth with a 0.7% increase, mainly due to the fact that families in Queensland stocked up on necessities in response to Hurricane Alfred, which significantly drove up the transaction volume of this category. However, catering services and department store sales declined by 0.5%, reflecting that non - essential spending is still restrained. There is obvious regional differentiation.

EU - US Trade Talks Stalled, European Economic Data Under Pressure

EU - US Trade Talks Stalled, European Economic Data Under Pressure

The EU may reach a trade deal with the US by the end of this month, aiming to establish a "minimum - tariff reciprocal framework" to avoid the 10% benchmark tariff proposed by Trump. However, specific exemption clauses are still being negotiated. This stalemate is having a significant impact on the European economy.

UK Stocks Focus on Central Bank Policies: FTSE 100 Slightly Down 0.2% with Precious Metals Sector Leading the Way

UK Stocks Focus on Central Bank Policies: FTSE 100 Slightly Down 0.2% with Precious Metals Sector Leading the Way

On May 6, the UK's FTSE 100 index closed 0.2% lower at 8,143 points. Investors remained cautious ahead of the interest rate decisions of the Federal Reserve and the Bank of England. The mid - cap index, however, bucked the trend and rose 0.6%, achieving a nine - day winning streak. The precious metals sector soared 5.5% boosted by the gold price. Endeavour Mining (+5.2%) and Fresnillo (+4.7%) led the gains among the blue - chip stocks.

Apple’s $3 Trillion Milestone: Growth, Innovation, and Looming Challenges

Apple’s $3 Trillion Milestone: Growth, Innovation, and Looming Challenges

Apple has solidified its position as the world’s first tech giant to surpass a $3 trillion market cap, buoyed by the enduring popularity of its iPhone, Mac, and expanding services ecosystem. Despite a slowdown in hardware sales in 2023, the company’s software services revenue surged 12% year - over - year, now accounting for 25% of total earnings.

U.S. House Passes First Major Crypto Industry Regulation Bills

U.S. House Passes First Major Crypto Industry Regulation Bills

The U.S. House of Representatives passed the Genius Act on July 17, sending it to President Trump for signature. This marks the first U.S. regulatory framework for dollar-backed crypto stablecoins. The House also approved two other crypto bills the same day.

Title: Trump Imposes 50% Punitive Tariffs on Brazil, Launches Unfair - Trade Probe

Title: Trump Imposes 50% Punitive Tariffs on Brazil, Launches Unfair - Trade Probe

Local - time on Wednesday, US President Donald Trump turned his trade anger towards Brazil, the largest economy in Latin America. He announced a 50% punitive tariff on Brazilian goods exported to the US and ordered an investigation into "unfair trade practices", which may lead to higher tariffs. The new tariff will take effect on August 1, much higher than the 10% tariff imposed on Brazil on April 2 this year.

Thailand approves $2.7 billion data center investment

Thailand approves $2.7 billion data center investment

Thailand approves $2.7 billion data center investment

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada is pushing faster trade diversification to fend off U.S. tariff impacts: its U.S. export share dropped 10 percentage points to 68% between May 2024 and May 2025, with auto parts and steel hit hardest. Over the period, U.S.-bound exports fell C$7.7 billion (-15%), while gains to the UK, EU, and Asia-Pacific (C$5.7 billion, +42%) failed to offset the gap.

Buffett Warns Against Tariff Abuse at Berkshire Hathaway Annual Meeting

Buffett Warns Against Tariff Abuse at Berkshire Hathaway Annual Meeting

On May 3rd, at the annual meeting of Berkshire Hathaway, Warren Buffett, the 94 - year - old billionaire investor, expressed his views on the risks of abusing tariffs. He emphasized that "tariffs should not be used as a 'weapon'", and stated that "if other countries become more prosperous, the United States will also become richer".

Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

Australia’s stock market fell across the board on July 9, with the S&P/ASX 200 dropping 0.61% to 8,538.6 points. Markets reeled after Trump announced plans to impose 50% tariffs on imported copper (effective as early as late July) and 200% on pharmaceuticals, triggering a 13.1% daily surge in copper prices—their biggest jump since 1989.

France and Spain Face Hurdles in Economic Policy Adjustment: Fiscal Austerity and Military Spending Pressure

France and Spain Face Hurdles in Economic Policy Adjustment: Fiscal Austerity and Military Spending Pressure

In France, on May 3rd, Prime Minister Bérut stated that in order to defuse the social backlash caused by large - scale fiscal austerity, he is considering holding a referendum on the national budget, claiming that debt reduction is crucial for the "future of the country" and requires a decision from the entire population.

Google's Struggles and Growth Avenues in the Digital Landscape

Google's Struggles and Growth Avenues in the Digital Landscape

Google, the tech giant, still relies heavily on its search advertising business, which contributes around 80% of its revenue. However, the burgeoning rise of TikTok has started to siphon off its advertising market share. TikTok's unique advertising models and vast user base have attracted numerous advertisers, posing a significant challenge to Google's dominance in the digital advertising space.

New Zealand Central Bank Pauses Rate Cuts as Recession Risks Loom

New Zealand Central Bank Pauses Rate Cuts as Recession Risks Loom

On July 9, the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) steady at 3.25%, in line with market expectations. This pause brings an end to six consecutive rate cuts since August 2023, during which the rate was slashed by a cumulative 225 basis points.

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