In a high-stakes effort to avert steep tariffs on European goods, EU Trade Commissioner Maros Šefčovič convened with top U.S. trade officials. During these pivotal discussions, he met with Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer, and senior… Read More ›
Economy & Finance
Tariff Turmoil: U.S. Consumer Confidence Plummets to a Four-Year Low
U.S. consumer confidence has tumbled to its lowest level in more than four years, as households express growing concerns over the likelihood of an economic recession and the prospect of rising prices. Many Americans now worry that the current trade… Read More ›
US Trade Delegation Heads to India Amid Tariff Fears and Strategic Negotiations
A high-ranking US delegation, spearheaded by Assistant Trade Representative Brendan Lynch, is set to visit India from March 25 to 29 for crucial trade discussions. This visit represents a significant gesture from Washington, emphasizing its commitment to deepening and balancing… Read More ›
China Promotes Business Potential to US Companies Amid ‘Rising Instability
Chinese Vice Premier He Lifeng has been at the forefront of reassuring US companies about China’s robust and resilient business environment. Speaking at a high-profile forum, He stressed that despite global headwinds—including trade tensions and market uncertainties—the fundamentals of China’s… Read More ›
Young Tycoons Drive Surge in Indian Super Luxury Car Market
India’s luxury automotive sector is witnessing an unprecedented surge, fueled by a new wave of young, affluent buyers whose appetite for high-end products is reshaping the industry. With an average age under 40, these consumers are at the forefront of… Read More ›
China’s Central Bank Holds Steady on Rates Amid Global Trade Uncertainty
In a move mirroring the U.S. Federal Reserve’s decision to hold benchmark rates, the People’s Bank of China (PBOC) has maintained its key lending rates. The one-year loan prime rate (LPR) remains at 3.1%, and the five-year LPR is held… Read More ›
Asia’s Quest for Economic Diversification: Navigating Trump’s “America First” Push
Aggressive tariff policies pursued by the Trump administration have set off a wave of caution among Asian investors and policymakers. With tariffs now a recurring feature of U.S. trade policy, financiers across Asia are rethinking their traditional reliance on American… Read More ›
Russia Trying to Make Use of Digital Currencies in Oil Trade, Sources Report
In a bid to navigate the tightening grip of Western sanctions, Russian oil traders are increasingly turning to cryptocurrencies as an alternative means of payment. This emerging trend, driven by the need for operational agility and financial resilience, is reshaping… Read More ›
China’s Massive Spending Spree: A Push to Rev Up Domestic Consumption
In a dramatic bid to rejuvenate its sluggish economy, Beijing is unleashing a series of sweeping measures designed to encourage consumers to spend more. The government is not merely offering lip service to the idea of boosting domestic demand; it… Read More ›
Wall Street in the Red: Gloom and Uncertainty Drive Market Decline
Investor sentiment on Wall Street has taken a significant hit as stocks slide amid a host of economic and geopolitical headwinds. Recent surveys and market data point to a broad-based loss of confidence, with indicators of consumer pessimism and volatile… Read More ›