Browsing: Business

Japan recorded a trade deficit of 637.6 billion yen ($4.4 billion) in May, marking the second consecutive month of red ink as exports declined amid falling demand for automobiles in the United States, according to data released Wednesday by the Ministry of Finance. Overall exports fell 1.7 percent year-on-year to 8.13 trillion yen, the first annual decline in eight months. The drop was largely driven by a steep 11.1 percent fall in exports to the U.S., led by a 24.7 percent plunge in automobile shipments. Japanese auto exports to the American market have been a critical component of the nation’s trade performance,…

Japan’s core consumer inflation accelerated in April, climbing 3.5 percent from a year earlier, marking the sharpest rise in more than two years. The increase, driven by reductions in government energy subsidies and a sustained surge in rice prices, underscores persistent inflationary pressures despite ongoing monetary policy efforts to stabilize price growth. Data released Friday by the Ministry of Internal Affairs and Communications showed that the nationwide core Consumer Price Index (CPI), which excludes volatile fresh food prices, continued its upward trajectory after a 3.2 percent increase in March. The latest figure represents the largest year-on-year rise since January 2023. Japan’s core inflation has now exceeded the Bank…

India and the UK finalize a trade deal expected to raise bilateral trade by £25.5B, marking the UK’s largest post-Brexit economic agreement.

U.S. stocks declined as Trump’s tariffs led major firms to withdraw guidance, fueling market uncertainty and pulling down AI and tech stocks.

The U.S. and Ukraine signed a minerals deal granting Washington resource access tied to a joint fund for postwar reconstruction.

U.S. jobless claims rose to 241,000, marking a 9-week high and signaling growing pressure on the labor market.

Over $3.6 trillion in market value has been erased since Trump returned to office, as confidence in U.S. economic leadership begins to falter.

U.S. consumer confidence sinks to early pandemic levels as inflation and tariffs fuel recession fears among Americans.

Tech stocks surged, pushing the S&P 500 and Nasdaq higher, even as US-China trade negotiations remained stalled.

EU employment rate hit 70.9% in Q4 2024 as unemployment fell to its lowest since 2000, according to OECD data.