China plans record budget deficit of 4% of GDP in 2025, say sources
Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its…
China, Trump talk up prospects for China collaboration
China’s top diplomat said on Tuesday he hoped the incoming Trump administration would “make the right choice” and work with…
ECB’s Lane says market pressure on France still ‘limited’
A surge in market pressure on France due to concern over its budget deficit has been “limited” and part of…
Retail sales rose at healthy pace last month in latest sign of US economy’s health
Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases…
US single-family housing starts surge; permits up slightly
U.S. single-family homebuilding rebounded in November as the drag from hurricanes faded, but the threat of tariffs on imported goods…
US current account deficit hits record high in the third quarter
The U.S. current account deficit widened to a record high in the third quarter amid a surge in imports and…
China economy ends 2024 on mixed note amid Trump 2.0 concerns
China’s economic data in November were mixed, with weaker retail sales growth offset by some signs of stability in property…
WTO fails on dispute reforms before Trump takes office, US ambassador says
World Trade Organization members failed to agree on reforms to revive a broken trade dispute settlement system during the last…
US House speaker defends stopgap spending as some Republicans, Musk balk
U.S. House Speaker Mike Johnson defended a stopgap measure aimed at funding the federal government through mid-March and averting a…
Sticky UK services inflation to come lower in 2025
UK services inflation is stuck. That’s the main takeaway from the latest UK data, even if it was a tad…