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The Latest Breaking News from ING

The ‘tariff man’ takes no break: US pharmaceutical tariffs are on the way

Despite sparking global-market turmoil with last week’s announcement, the US President is promising new tariffs, now targeting the previously exempted pharmaceutical sector.

Euronews

China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-off

The Guardian - UK

Economists slash eurozone growth forecasts as US tariffs shake outlook

Economists are slashing eurozone growth forecasts after Trump’s 20% tariffs on EU exports. Weaker trade, confidence, and investment now dominate outlooks, boosting expectations for ECB rate cuts, with April seen as likely. Inflation risks take a back seat for now.

Euronews

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How much will Trump’s new tariffs hurt other countries and US consumers?

Trump’s reciprocal tariffs range from 10 percent to more than 50 percent on the US’s trading partners.

Al Jazeera

The Czech Republic's car giant Skoda is defying parent Volkswagen's downturn

Volkswagen-owned Skoda is defying a broader downturn for the German carmaker.

Fortune

'No Cap, Ur Portfolio Is Fire!': AI-Powered Finance App Gives Investment Advice in Gen Z Slang

A new AI-powered finance app, Arta Finance, aims to engage Gen Z by offering investment advice in their own slang.

International Business Times UK

Eurozone Inflation Eases In March As Tariff Threat Looms

Inflation in the eurozone slowed further in March, official data showed on Tuesday, indicating possible breathing room for policymakers despite the threat of turbulence from US trade tariffs.

International Business Times

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Stock Index Futures Soar on Hope of Targeted U.S. Tariffs

June S&P 500 E-Mini futures (ESM25) are up +0.97%, and June Nasdaq 100 E-Mini futures (NQM25) are up +1.14% this morning, with investors hopeful that the next wave of U.S. President Donald Trump’s tariffs will be less severe than previously signaled.

Barchart

Stock Index Futures Soar on Tariff Optimism, U.S. PCE Inflation Data Awaited

Barchart

Borrowing overshoot will test Rachel Reeves’s resolve on tax rises

Chancellor may see data as vindication for spending cuts but some analysts say more radical action will be needed

The Guardian - UK

How will Germany's debt reform impact its stock and bond market?

Germany has passed a landmark spending bill, unlocking hundreds of billions of euros for defence spending and infrastructure investment. While the historic debt reform is expected to boost Europe’s largest economy, there are further implications for its stock and bond markets.

Euronews

China's economy improved at the start of 2025, but challenges remain

The Chinese economy showed signs of improvement in the first two months of the year, though the weak housing market remained a drag on growth

The Independent UK

US Fed Likely To Keep Rates Steady As Trump Uncertainty Flares

The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over President Donald Trump's economic policies, which include spending cuts and sweeping tariffs.

International Business Times

K-Pop star Wheesung found dead at 43 with tributes pouring in for singer

The South Korean singer was found at his Seoul home

Evening Standard

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Al Jazeera

Why China isn’t as worried about Trump’s trade war as in 2018

Beijing is much better positioned to withstand US tariffs than during Trump’s first administration, analysts say.

The Guardian - UK

US unemployment rate rises to 4.1% as economy added 151,000 new jobs in February – as it happened

US dollar hits four-month low after February’s US jobs report shows rise in jobless rate and hiring

The Independent UK

Germany to ease government debt limits in major step aimed at boosting economy, defense spending

The two political parties expected to form the next German government have agreed to significantly loosen the country’s constitutional restriction on borrowing, enabling 1 trillion euros ($1.08 trillion) or more in new borrowing and spending on defense and infrastructure

International Business Times

China Eyes Five Percent Growth Despite US Trade War

China set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit exports.

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news in one place.

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Fortune

German bosses blame economic woes on young 'work-shy' employees calling in sick

Germany’s economy would have grown by 0.5% instead of contracting in 2023 if illness wasn’t so high, researchers say.

The Guardian - UK

Willingness to ease off ‘debt brake’ may decide the German election

Rule dating from 2009 that limits borrowing looks vulnerable as main political parties promise to revive stalled economy

International Business Times

Late Trains, Old Bridges, No Signal: Germany's Infrastructure Woes

Running late and vastly over budget, a mammoth rail project stands as a monument to what critics say is Germany's glaring failure to tackle long-standing infrastructure woes.

The National (Scotland)

'Broken': UK living standards fall despite slight economic growth, data shows

THE UK economy unexpectedly eked out growth in the final three months of last year – but a key measure showed living standards actually fell,…

Evening Standard

Chancellor ‘still not satisfied’ despite surprise economic growth at end of 2024

Official figures showed gross domestic product edged 0.1% higher between October and December, confounding expectations for a contraction

The Independent UK

Reeves ‘still not satisfied’ despite surprise economic growth at end of 2024

Official figures showed gross domestic product edged 0.1% higher between October and December, confounding expectations for a contraction

International Business Times

Germany's Scholz, Merz Clash Over Far-right AfD In Election Debate

German Chancellor Olaf Scholz on Sunday accused election rival Friedrich Merz of having broken his word by accepting support from the far-right AfD to push an anti-immigration motion through parliament.

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