Economy
World Economy
featured
Lufthansa is in contact with Norwegian Air Shuttle, the German group's chief executive told a German daily, sending Norwegian's shares higher. » Read More
Japan's exports rose in May at the fastest pace in four months thanks to increased shipments of cars, car parts, and semiconductor equipment in a sign that global demand is gaining strength. » Read More |
The German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes. » Read More |
By: By Peter S. Goodman, Ian Austen and Elisabeth Malkin
The latest escalation came on Friday, when President Trump announced fresh tariffs on $50 billion in Chinese goods, prompting swift retribution from Beijing, The New York Times reports. » Read More |
More
It's been a big week for central banks with the Federal Reserve and European Central Bank each tinkering with monetary policy. This represents a change in the winds for global markets, says Wells Fargo's Michael Schumacher.
Russia and Saudi Arabia reinforced their partnership as OPEC is set to grapple with some thorny issues, like declines of supply from Venezuela and the effect of renewed U.S. sanctions on Iran.
-
Trade tensions with China will likely affect semiconductor stocks and two casino and hotel operators the most, says Morgan Stanley.
- China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products
In a quick response to U.S. tariffs, Beijing announced on Friday its own duties on American products, including agriculture products and automobiles.
The stock market historically loses when the World Cup is on. That could have something to do with how much traders love watching the game, USA Today reports.
A proposed merger of rail operations in Germany and France could help the industry take on competition from China. But it could also derail Europe's antitrust regulators, the Financial Times reports.
Climate change could alter the nutritional value of rice, a culinary staple for more than 3 billion people around the world, a University of Washington professor writes in The Conversation.
- China says tariffs of 'same scale' coming immediately, indicates trade talks will need to start over
China's Commerce Ministry said Friday that it will respond immediately on the same scale to the Trump administration's new tariffs on Chinese goods worth up to $50 billion.
-
Trump says he's taking the action "in light of China's theft of intellectual property and technology and its other unfair trade practices."
China vowed to strike back quickly if the U.S. hurts its interests.
On Friday, the White House is expected to unveil a revised list of between 800 and 900 products from China it will impose tariffs on.
The expected tariffs against $50 billion worth of Chinese goods will escalate trade tensions between the U.S. and major economies around the world.
The Silicon Valley giant has said that a new artificial intelligence research hub will open in Accra, Ghana, later this year.
SoftBank Group has decided to invest $60 billion-$100 billion in a solar power project in India, Japanese public broadcaster NHK reported on Friday.
Australia, New Zealand's top source of visitors, would be exempt from the tax but most other major sources of tourism would be covered, including China, the United States and the United Kingdom.
Greece's parliament on Thursday passed a fast-track reform package to unlock bailout funds and wrap up a fourth review of its loan programme as it seeks more debt relief.
Contact World Economy
-
CNBC NEWSLETTERS
Get the best of CNBC in your inbox
Get these newsletters delivered to your inbox, and more info about about our products and services.By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.▲