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The Latest Breaking News from ING

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.

Al Jazeera

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 Guardian - 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

The Independent UK

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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.

International Business Times

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.

Fortune

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

The Guardian - UK

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.

International Business Times

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'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,…

The National (Scotland)

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

Evening Standard

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

The Independent UK

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.

International Business Times

Bank of England poised to cut interest rates amid UK economic gloom

Growth forecasts likely to be downgraded, with rate-setting committee tipped to cut lending rate from 4.75% to 4.5%

The Guardian - UK

What tariffs are China imposing on the US – and why are they significant?

China is quick to act when US tariffs on its imports go into effect, but experts say it’s leaving room for negotiation.

Al Jazeera

China has reacted in kind to Trump’s tariffs, but a deal may still emerge

Beijing will defend its core interests, but its initial response is more cautious than when Trump imposed levies in 2018

The Guardian - UK

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Fortune

Trump’s tariff war has turned into an egg war at Costco

Trump’s tariffs on imported goods and the avian flu is fueling an egg-buying frenzy at Costco.

The Independent UK

In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm

In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey

The Guardian - UK

How Trump tariffs could upend car markets in Europe, the US and China

Levies threaten exporters to US market, while scrapping of subsidies will hit EV sales – and Tesla could gain

The Independent UK

DeepSeek: What’s next for tech share prices as Nvidia suffers record $589bn drop after new AI release?

The chip maker suffered the biggest-ever one-day loss in market value on Monday - on Tuesday the share price is rising again

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news in one place.

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International Business Times

ECB To Cut Rates Again, With A Nervous Eye On Trump

Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda.

Fortune

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.

The Guardian - UK

German economy shrinks for second year in a row

First consecutive year of declining GDP since early 2000s highlights challenges facing next government

The Guardian - UK

UK sells £1bn of bonds on most expensive terms since 2004 – as it happened

Auction attracts solid demand; government borrowing costs ease in bond markets while pound falls again

The Guardian - UK

Why Starmer and Reeves are pinning their hopes on AI to drive growth in UK

The PM and chancellor believe AI will help British workers produce more, raising wages and releasing spare capital

Evening Standard

UK borrowing costs hover just below recent highs

The yield on 10-year gilts reached highs on Friday that were just below the post-2008 peak seen earlier in the week.

The Guardian - UK

Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe

Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best option

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