Tensions from U.S. President Donald Trump’s price lists don’t seem to be just a headwind for South Korea however “bad for everybody,” stated Bank of Korea Governor Rhee Chang Yong. “I really hope this trade tension will dissipate, because it’s bad for everybody,” Bank of Korea governor Rhee Chang Yong …
Read More »South Korea GDP contracts 0.1% within the first quarter amid political uncertainty
Commercial and home constructions observed from the rooftop of the Lotte Corp. World Tower at sundown in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Bloomberg | Bloomberg | Getty Images South Korea’s GDP shrunk 0.1% year-on-year within the first quarter of 2025, in line with advance figures, marking the …
Read More »Trump taking into consideration exemption for automakers on some price lists, White House says
People paintings at the manufacturing line of car portions at a carmaker in Qingdao in east China’s Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty Images President Donald Trump is thinking about exemptions for automakers from some price lists introduced through his …
Read More »Southwest to chop flights this yr, pulls steering, bringing up ‘macroeconomic uncertainty’
LAS VEGAS, NEVADA – MARCH 15: A Southwest Airlines Boeing 737 aircraft departs from Harry Reid International Airport as any other aircraft taxis on March 15, 2025 in Las Vegas, Nevada. (Photo by way of Kevin Carter/Getty Images) Kevin Carter | Getty Images News | Getty Images Southwest Airlines stated …
Read More »Dozen states sue Trump in bid to dam new price lists
NY Attorney General Letitia James speaks all the way through a press convention on Feb. 14, 2025 in New York City. Michael M. Santiago | Getty Images A dozen states sued President Donald Trump and his management on Wednesday, searching for a court docket order stating that his new price …
Read More »Corporate America shelled out tens of millions for Trump’s inauguration. Now he is upending many in their companies
U.S. President Donald Trump delivers remarks on the Business Roundtable’s quarterly assembly on the Business Roundtable headquarters on March 11, 2025 in Washington, DC. Andrew Harnik | Getty Images America’s richest and maximum tough corporations shelled out tens of millions to fund President Donald Trump‘s inauguration festivities. Three months later, …
Read More »Trump needs automakers to transport car manufacturing to the U.S. It’s now not that straightforward
Ford Motor Company’s electrical F-150 Lightning at the manufacturing line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022. Jeff Kowalsky | AFP | Getty Images DETROIT – When President Donald Trump hinted remaining week at a reprieve from 25% auto price lists, he instructed it …
Read More »European Central Bank will have to simplest lower rates of interest another time this yr, IMF Europe head says
This picture taken on Jan. 30, 2025 displays the European Central Bank ECB headquarters in Frankfurt, Germany. Zhang Fan/Xinhua by the use of Getty Images The European Central Bank will have to simplest enact another quarter share level rate of interest lower this yr in spite of wider dangers to …
Read More »Treasury Sec. Bessent says China, U.S. have ‘alternative for a large deal’ on industry
Scott Bessent, US treasury secretary, on the IIF Global Outlook Forum all the way through the International Monetary Fund (IMF) and World Bank Spring conferences in Washington, DC, US, on Wednesday, April 23, 2025. Kent Nishimura | Bloomberg | Getty Images Treasury Secretary Scott Bessent on Wednesday stated that “there …
Read More »Boeing CEO says China has stopped taking its airplane amid business battle
China has ordered its airways to not take any longer deliveries of Boeing Co. jets as a part of the tit-for-tat business battle that is noticed US President Donald Trump levy price lists of as prime as 145% on Chinese items. Bloomberg | Bloomberg | Getty Images Boeing may just …
Read More »