business

$20 billion currency swap finalized as U.S. buys Argentine pesos

The currency swap aims to stabilize Argentina's economy amid severe liquidity shortages and volatility

Sri Lanka secures $347 million IMF deal as part of $3 billion economic recovery program

The deal supports ongoing reforms and debt restructuring essential for long-term economic stability

U.S. to impose 25 percent tariff on imported medium and heavy-duty trucks

The new tariff will significantly impact costs for truck buyers and various industries reliant on these vehicles

China unveils new K visa to attract global STEM talent amid U.S. immigration restrictions

The K visa simplifies entry for young professionals, eliminating job offer requirements for STEM fields 

U.K. economy grows 0.3 percent in Q2 2025 despite global trade pressures, policy tightening

Moderate growth reflects resilience amid high inflation, tariff disruptions, and cautious business investments 

U.K. inflation climbs to 3.8 percent in July on rising restaurant, hotel, and food prices

Transport costs surged 3.2 percent, driven by a 30.2 percent increase in airfares

Australia’s central bank lowers rates by 25 basis points, revising economic growth forecast to 1.7 percent 

RBA cited weaker public demand as key factor in lowering annual economic outlook for 2025 

India holds interest rates steady as U.S. tariffs loom over exports

Economists suggest limited easing opportunities as U.S. tariffs impact India's export landscape

China expands Silk Road Maritime Transport with 128 new shipping routes launched

Since December 2018, over 20,293 container ships have navigated these vital international routes

Japan’s manufacturing activity contracts in July due to uncertainties surrounding U.S. tariffs

S&P Global's PMI for manufacturing dropped to 48.8, marking a decline from June's 50.1 

South Korea’s GDP grows 0.6 percent in Q2 2025 driven by strong private consumption, exports

Private consumption increased 0.5 percent, supported by improving sentiment and a stock market rally

AstraZeneca announces $50 billion U.S. investment in biotech and drug manufacturing by 2030

Multibillion-dollar commitment is expected to generate tens of thousands of high-skilled direct and indirect jobs across the U.S.

Global aviation industry to add 1.5 million jobs by 2034, CAE forecast shows

The biennial report offers a comprehensive outlook on the future workforce demands across commercial and business aviation

China’s consumer price index declines in May 2025 as export growth hits three-month low

CPI edged down 0.1 percent year on year, impacting economic outlook 

Strong Q1 growth reduces urgency for rate cuts in China

Benchmark loan rates unchanged as country faces trade challenges

Eurozone inflation falls to 2.2 percent in March, jobless rate declines

Strengthening calls for additional interest rate cuts from ECB

Eurozone business activity rises to 50.4 in March, highest level in seven months

Germany's manufacturing rebound and easing inflation signal a positive shift in Europe's economic engine

French central bank reports loss of $8.4 billion for 2024

The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses

U.S. job cuts surge 245 percent in February, fueled by Musk and Trump’s workforce reductions

U.S. employers announced 172,017 layoffs in February, up 245 percent from January’s figures

China aims for 5 percent growth in 2025 amid challenges from Trump tariffs

The government plans to issue $179 billion in special treasury bonds this year to finance its stimulus effort

Eurozone annual inflation up to 2.5 percent, March rate cut still likely

Last week, Lagarde suggested price growth may fluctuate before slowing toward the 2 percent target later

Google agrees to pay Italy $340 million to settle Italian tax case

Google has previously faced financial penalties, including over $1 billion paid to France for tax fraud allegations

U.S. adds 143,000 jobs in January as unemployment rate slips to 4 percent

November and December payrolls were revised up by 100,000 due to routine annual adjustments