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The Latest Breaking News from Economy

China Pushes Back With 84% Tariff In Escalating Trade Clash with US

China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104% levies on its goods.

International Business Times

IMF reaches a deal with troubled Argentina on bailout worth €18bn

The bailout provides a welcome reprieve to President Javier Milei as he seeks to overturn the country's old economic order.

Euronews

India Central Bank Cuts Interest Rates As Trump Tariffs Kick In

India's central bank cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and policymakers warned of "challenging global economic conditions".

International Business Times

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Argentine Congress Backs Inquiry Into Milei Crypto Scandal

The libertarian president hailed the $LIBRA meme coin as a "private project" aimed at "stimulating the growth of the Argentine economy, by financing small businesses and Argentine entrepreneurs."

International Business Times

Albanese beats drum on economy as trade clouds gather

Fresh off a narrow debate victory, the prime minister has embraced the sights and sounds of Chinatown while spruiking the economy.

AAP

Universal’s first European theme park to open in Bedford in £50bn boost for economy

The 476-acre site is expected to see 8.5 million visitors in its first year and generate 28,000 jobs

The Independent UK

Northern Virginia leaders plead for state's help amid federal job cuts

Northern Virginia leaders are urging lawmakers to enact emergency legislation to help stabilize their local economy as the White House cuts federal jobs

The Independent UK

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Dollar Weakens as US Threatens Retaliatory Tariffs on China

The dollar index (DXY00 ) Tuesday fell by -0.40%. The dollar was under pressure Tuesday because of concerns that a global trade war could derail the economy and force the Fed to cut interest rates. President Trump said he would boost tariffs on China by 50% if it doesn’t remove...

Barchart

Australia looks to Asia, Europe amid US tariff turmoil

The prime minister has talked up regional opportunities as his government seeks to dispel fears of a recession following a tariff-induced market meltdown.

AAP

Now Fox News is suggesting Trump could win Nobel Peace Prize over tariffs

‘Is there a Nobel Prize in trade? I don’t know, but maybe he might be up for that one,’ Fox News anchor John Roberts declared on Tuesday

The Independent UK

Republican Senator Asks Trump Trade Official Whose 'Throat Do I Get to Choke' If Tariff Play Doesn't Work

Republican Senator Thom Tillis warned US Trade Representative Jamieson Greer that the administration's tariffs better be good for the economy

Latin Times

Stocks Mixed After Early Surge

The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. June E-mini S&P futures (ESM25 ) are up +0.26%, and June E-mini Nasdaq futures...

Barchart

Stocks Surge on Trade Deal Hopes

The S&P 500 Index ($SPX ) (SPY ) today is up +2.79%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +2.69%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +3.29%. June E-mini S&P futures (ESM25 ) are up +2.80%, and June E-mini Nasdaq futures...

Barchart

Trump's Trade Representative Says Tariffs 'Bearing Fruit'

The top US trade official on Tuesday defended President Donald Trump's sweeping tariffs on nearly every other nation, telling US senators almost 50 countries had reached out to make a deal.

International Business Times

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Barchart

Dollar Pressured by Stock Rebound

The dollar index (DXY00 ) today is down by -0.05%. The dollar is under pressure from a stock rebound, which curbs liquidity demand for the dollar. The dollar is also being pressured by concern that a global trade war could derail the economy and force the Fed to cut interest...

The Conversation

Canada’s aging population: The unspoken ballot box issue

Canadians are voting in a federal election on April 28, and questions about how to deal with the United States and make Canada’s economy more resilient are dominating public discourse.

The Independent UK

The Latest: US stocks rise as global financial markets show signs of relief

Stocks are rising on Wall Street and around the world to recover some of the historic losses since last week when President Donald Trump announced sharp increases in taxes on goods imported to the U.S. The S&P 500 was up 3.4% in early trading Tuesday

Barchart

Stocks Sharply Higher on Hopes for US Trade Deals

The S&P 500 Index ($SPX ) (SPY ) today is up +3.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +3.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +3.39%. June E-mini S&P futures (ESM25 ) are up +3.04%, and June E-mini Nasdaq futures...

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International Business Times

Top Republican Pollster Says Trump's Impact on Economy is The 'Exact Opposite' of What Americans Voted For

GOP pollster Whit Ayres is warning that "higher prices and slower growth are exactly the opposite of what Americans voted for"

The National (Scotland)

Rachel Reeves mocks Scottish MP for raising concerns about economy

RACHEL Reeves has been caught mocking a Scottish MP after he raised grave concerns about Labour’s impact on Scotland’s economy.

Fortune

Trump tariffs could soften one of Europe’s most expensive housing markets—if tech workers face layoffs

Tech and pharma employees in Ireland are at risk from an escalating Trump trade war.

Al Jazeera

What is a recession, and is it tied to stock market declines?

Trump’s tariffs prompt market drops, recession fears, and worries of accompanying inflation this time.

Evening Standard

Trump tariffs will have little impact on London's services based economy says report

Only 3% of London exports are goods heading for the newly protectionist US

The Conversation

Demand-centric labor-intensive industries may help our shrinking middle class

Indonesia’s current account deficit pressures the middle class, forcing them to use their savings. The rupiah’s volatility has increased import costs, reducing household expenditure. Additionally, 81,290 layoffs between 2024 and 2025 and a significant decrease in middle class spending, from 21.45% in 2019 to 17.13% in 2024, paint a bleak…

Al Jazeera

Why Indonesia’s sinking rupiah is a flashing alarm for its $1.4tn economy

Indonesia’s currency is at a record low against the US dollar amid concerns over President Prabowo Subianto’s policies.

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