Economic NewsEconomic news，related to global economic dynamics, financial markets, trade policies,
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.more
UK Family Income Disparities Worsen
The latest data from the UK's Office for National Statistics on May 2nd shows that, after inflation adjustment, the median disposable income of UK households remained at £36,700 for the fiscal year 2024 (from April 2023 to March 2024), returning to the pre - pandemic level. However, the wealth gap continues to widen. The median income of the poorest one - fifth of households decreased by 2.6% to £16,800, 4.9% lower than before the pandemic.more
ANZ Bank Cuts Australia's Economic Growth Forecast, Banks Face Key Tests
On May 5, the ANZ Bank lowered its economic growth forecast for Australia in 2025 to 2.0%. The main reasons are the slowdown in global demand and geopolitical risks weighing on exports. With the growth rate of CPI in the first quarter falling, the market expects that the Reserve Bank of Australia (RBA) may cut interest rates by 25 basis points ahead of schedule this month,more
NZ's S&P/NZX 50 Index Rises to Near Two - Month High
On Monday, the S&P/NZX 50 benchmark index in New Zealand climbed 0.8% to 12,421 points, achieving a three - day winning streak and closing at a near two - month high. Driven by the strong performance of transportation - related stocks, this sector benefited from the alleviation of concerns about global supply chain disruptions against the backdrop of the easing of Sino - US trade relations.more
ESA Assesses Impact of US Budget Proposal; Europe Faces Energy Challenges
The European Space Agency (ESA) is urgently evaluating the impact of the US 2025 fiscal year budget proposal on the joint lunar exploration program. The proposal plans to phase out the SLS rocket and the Orion spacecraft, which contains key modules of Airbus, a European company, and cancel the construction of the "Lunar Gateway" orbital station, which includes components contracted by Thales of France and Italy.more
US - UK Trade Agreement Nears, UK Auto Market in the Doldrums
The UK and the US are on the verge of finalizing a trade deal, according to British and American officials. This agreement, set to be signed this week, will offer lower tariff quotas for UK steel and car exports, shielding some British goods from the full impact of the 25% additional tariffs on steel and car imports imposed by Trump in February and March.more
Replacing SWIFT? the new BRICS payment system is here!
Replacing SWIFT? 159 countries have responded! The new payment system of the BRICS countries is on its way!more
First time in 20 years! Google, Android may be divested
First time in 20 years! Google, Android may be divestedmore
China and the U.S. talked for 2 days, China added another 11.9 billion U.S. debt
China and the U.S. talked for 2 days, China added another 11.9 billion U.S. debtmore
Popular Harley Motorcycle Models to Shift Production to Thailand
Popular Harley Motorcycle Models to Shift Production to Thailandmore
Thailand Puts Effort Into First Major Entertainment Complex - Royal Siam Haven
Thailand Puts Effort Into First Major Entertainment Complex - Royal Siam Havenmore
How companies can make the most of digital media
How companies can make the most of digital mediamore