China’s foreign trade surplus unexpectedly declined to USD 79.39 billion in August, the lowest level in three months, according to data from the country’s General Administration of Customs said. By comparison, the balance of trade hit a record USD 101.26

Brussels is pressing for unexpected national taxes on bloated profits of energy companies to counter what European Commission President Ursula von der Leyen called “astronomical” electricity bills. The proposed tariffs, which EU energy ministers will discuss on Friday, will target

The cost of the Biden administration’s student loan bailout could exceed USD 1 tn. The plan will also complicate the government’s efforts to reduce the budget deficit, The Wall Street Journal said, citing a new analysis by the Penn Wharton

China’s National Development and Reform Commission said it is “crucially important” for the country to adopt supportive policies this quarter aimed at helping the economy recover from the recent pandemic-related losses. Chinese authorities re-imposed lockdowns in 2Q 2022 in an

Since September 2021 European governments have earmarked around EUR 280 bn to ease the pain of surging energy prices in the region, according to think tank Bruegel. This amount includes all funds spent by European countries in order to ease

Traders are betting that the ECB and the BoE will have to take bolder action amid surging inflation. As interest rates futures show, for the first time traders began pricing in a 1% rate hike by the ECB at the