Page 3 - Global Economy

Oil prices decline 2% as US-China trade conflict fuels recession fears

Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down $1.17, or 1.89%, at $60.82

RBI may infuse up to Rs 4 trillion to shield economy from global risks

SBM India estimates that up to Rs 2 trillion could be injected in the first half, adding to an unprecedented $80 billion already pumped in since January

'China has been hit much harder': Trump defends tariffs amid market slump

Donald Trump's post follows a major decline in US stock markets the previous day, which heightened concerns about a possible global economic slowdown

They played it wrong, warns Donald Trump on China's reciprocal tariffs

China's countermeasure follows the US' announcement on April 2 of a 34 per cent reciprocal tariff on Chinese goods

US tariffs risk slowing global growth significantly: ADB chief economist

US tariffs impose substantial levies on trading partners, including Southeast Asian nations, with Vietnam, Laos and Cambodia facing some of the highest rates

Trump tariffs shock global economy, drawing threats and calls for talks

United States President Donald Trump's sweeping new tariffs on American imports shocked governments and investors around the world, swiftly spurring both threats of retaliation and calls for negotiation as industries scrambled and global stocks tumbled. China accused the US of bullying and the European Union promised robust countermeasures, with French officials suggesting taxes to hit US tech giants. Yet the United Kingdom and Japan, among others, expressed hope for a deal with Trump and refrained from talk of retaliation against the world's biggest economy, fearing that slapping their own tariffs on American goods would only make things worse. Trump said Wednesday that the import taxes, ranging from 10 per cent to 49 per cent, would reverse unfair treatment by American trading partners and draw factories and jobs back home. Taxpayers have been ripped off for more than 50 years, he said. But it is not going to happen anymore. Trump imposed a 34 per cent levy on goods from China o

Trump's tariffs have unleashed worst of all possible worlds for his voters

Trump, speaking on Air Force One on Thursday afternoon, said he was open to reducing tariffs if trading partners were able to offer something "phenomenal"

Trump's tariff rollout opens new era of uncertainty for global economy

The lack of details so far on the structure, size and targets of the levies have left the world "flying blind" heading into the big announcement day, according to Nomura

Trump's 'Liberation Day' countdown begins, world braces for tariffs impact

Trump has declared April 2 as 'Liberation Day', asserting that the tariffs will liberate the US from its dependence on foreign goods

China's central bank to tweak policy to boost forex market resilience

The remarks, similar to PBOC Governor Pan Gongsheng's comments earlier this month, came after modest economic growth in the first two months of the year, thanks to government policy support

Tariff chaos, policy missteps raise fears over US economic stability

Mr Trump's campaign policy agenda had both pluses and minuses. While there were obvious flaws, much of what he wanted to do would have advanced prosperity

BS Round Table: TN takes 'product nation' route on road to $1 trn economy

Industries minister TRB Rajaa bats for 'Making in Tamil Nadu for world', says state's manufacturing talent pool on a par with Japan

As Donald Trump unleashes a trade war, here is how the world is responding

President Donald Trump's tariffs on China, India, Canada, Mexico, and the European Union have intensified global trade tensions, prompting swift retaliation and raising fears of economic instability

Trump's global shake-up: Tariffs, alliances, and economic turmoil

That world order, which emerged after World War II, is now being dismantled despite continuing American pre-eminence - not by opposing powers, but by an American President who thinks the world

India needs 7.8% growth for 22 yrs to be high-income by 2047: World Bank

Report highlights the need to cut import tariffs, simplify procedure to attract foreign investment

US President Trump moves to impose reciprocal tariffs as soon as April

"India has more tariffs than nearly any other country," says US President Donald Trump

Foolish to expect pvt sector to take care of everything: Economist Duflo

France has a lot of good presses that specialise in publishing stories for children. I grew up reading books as well as weekly and monthly magazines, Esther Duflo said

US President Donald Trump tariffs threaten to upend global economic order

The speed and scope of the import duties that Trump unveiled in executive orders on Saturday prompted widespread criticism from many lawmakers, economists and business groups

Germany cuts 2025 economic growth forecast to 0.3% after two-year slump

The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much lower than the government's previous forecast of 1.1% growth, issued in October. Germany has managed no meaningful economic growth in the past four years as it has struggled to deal with major shifts in the global economy and with structural challenges of its own. Preliminary figures released two weeks ago showed that gross domestic product contracted by 0.2% last year, following a 0.3% decline in 2023. The economy is one of the top issues in the campaign for an early German parliamentary election on Feb. 23. It is being held seven months before it was originally scheduled after Chancellor Olaf Scholz's three-party coalition collapsed in November in a dispute about how to revitalise the economy. Contenders to lead the next government have made contrasting proposals on how to get it growing

Debt market trends hint at cracks in UK's reserve currency: Rating agency

The trouble this time was largely pinned on shifts in global interest rate expectations. But bond market watchers have pointed to a notable change in UK market dynamics that seems to have taken root