Economics

Outlook for German Economy Plunges

August 13, 2019 at 3:31 PM

Confidence in Germany’s economy among experts in Germany’s financial markets plummeted this month, according to the ZEW Indicator of Economic Sentiment.

U.K.’s Economy Shrank in Second Quarter

August 09, 2019 at 11:57 AM

The British economy contracted by 0.2% in April-June, its first quarterly retreat since and identical decline the fourth quarter of 2012.

Tesla to Raise Prices in China?

August 08, 2019 at 2:58 AM

Tesla Inc. may raise prices of electric cars it sells in China by an unspecified amount, beginning in September, sources tell Reuters.

U.S.-China Trade War Widens

August 06, 2019 at 12:02 AM

President Donald Trump’s plan to add 10% tariffs to $300 billion worth of Chinese goods prompted China to stop buying American farm produce, weaken its currency and threaten higher tariffs on U.S. goods.

Trump Jokes about Tariff Deal on German Cars

August 02, 2019 at 4:24 PM

President Donald Trump flippantly suggested today that the European Union was close to agreeing on a 25% tariffs on German luxury cars shipped to the U.S.

U.K. Ponders Post-Brexit Free Trade Zones

August 02, 2019 at 3:08 AM

Britain’s newly elected government is studying a scheme that would create as many as 10 free ports to avoid tariffs after the U.K. exits the European Union.

BMW to Britain’s PM: “Listen to the Economy”

August 01, 2019 at 4:41 PM

BMW CEO Harald Krueger urges U.K. Prime Minister Boris Johnson to “listen to the economy and listen to the people” about Brexit.

Trump Tariffs Add $300 Billion in Chinese Goods

August 01, 2019 at 3:57 PM

President Donald Trump says he will add 10% tariffs on the remaining $300 billion worth of goods from China not already being hit with punitive U.S. taxes, effective Sept. 1.

Auto Slowdown Threatens German Economy

August 01, 2019 at 1:51 AM

Production by Germany’s automotive sector shrank 12% in the first half of 2019, threatening the health of the country’s economy.

Fed Lowers Interest Rate by One-Quarter Point

August 01, 2019 at 12:03 AM

The Federal Reserve lowered its benchmark lending rate by 0.25 point yesterday, marking the central bank’s first decrease since 2008.

Pence Urges Congress to Act on USMCA

July 31, 2019 at 1:19 AM

Congressional approval of the updated North American Free Trade Agreement remains mired and “the clock is ticking,” says Vice President Mike Pence.

Modest Hope as U.S., China Resume Trade Talks

July 30, 2019 at 3:57 PM

Experts doubt that this week’s relaunched trade talks between China and the U.S. will produce significant results anytime soon, The Wall Street Journal says.