world economy

by hellenicshippingnews… on 16 July 2025 at 9:00 am

Lower than expected Some evidence of early tariff impacts, but weak shelter and falling car prices offset The June consumer price inflation report shows a 0.3% month-on-month reading for headline inflation (0.287% to three decimal places) and a 0.2% MoM outcome for core (0.228%) versus the consensus forecast of 0.3% for both. The details show …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

Former Russian President Dmitry Medvedev said on Tuesday that Moscow “didn’t care” about what he described as the “theatrical ultimatum” U.S. President Donald Trump issued to the Kremlin a day earlier. Trump on Monday announced new weapons for Ukraine and threatened sanctions on buyers of Russian exports unless Russia agrees a peace deal on Ukraine. …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

German investor morale rose more than expected in July, the ZEW economic research institute said on Tuesday, but economists warned that optimism would vanish if the EU does not reach a trade deal with the United States. The economic sentiment index rose to 52.7 points from 47.5 points in June, while analysts polled by Reuters …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

China and Australia will keep open dialogue and look for areas of cooperation despite strategic competition in the Indo Pacific region, Australia Prime Minister Anthony Albanese said on Tuesday after meeting China’s President Xi Jinping in Beijing. China was willing to “promote further development in the China-Australia relationship,” Xi said in remarks at the start …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

Greece’s ruling conservatives will ask parliament to investigate a scandal in which Greek farmers for years faked land ownership to receive EU agricultural subsidies, the government said on Monday. The EU in June imposed a 392 million-euro fine on Greece over the misuse of the funds between 2016 and 2023 by government agency OPEKEPE, which …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

The Trump administration’s tariffs are likely to boost U.S. manufacturing jobs and real income in a majority of states, but lower employment and income adjusted for inflation in the country as a whole, new research from the San Francisco Federal Reserve showed on Monday. Assuming a 25% increase in U.S. tariffs on imports from Canada …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

India and China must resolve friction along their border, pull back troops and avoid “restrictive trade measures” to normalise their relationship, India’s foreign minister told his Chinese counterpart in Beijing on Monday. India’s Subrahmanyam Jaishankar met Wang Yi in Beijing during his first trip there since 2020 when a deadly border clash between their troops …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

Fitch Ratings’ 2024 transition and default studies highlight a year of broadly stable to improving credit across Fitch-rated sectors, with upgrades outpacing downgrades and default rates generally contained. While sector-specific trends warrant continued monitoring, the overall resilience in credit quality, especially among higher-rated issuers, points to a constructive outlook for credit. Default rates in 2024 …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

EU countries are close to reaching an agreement on a new package of sanctions against Russia, the bloc’s foreign policy chief Kaja Kallas said on Tuesday. “We hope to reach a political agreement on the 18th sanctions package. We are very, very close. I hope it comes today,” Kallas said before a meeting with foreign …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

China’s parcel delivery industry reached a new milestone in the first half of 2025, handling over 95 billion parcels, up 19 percent year-on-year, as the sector continues to play a growing role in boosting domestic demand and supporting the real economy, the State Post Bureau of China said on Monday. The country’s delivery network processed …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

British shoppers spent more freely last month as unusually hot weather boosted demand for fans and summer clothing after weak sales growth in May, though part of the increase reflected higher food prices, industry data showed on Tuesday. The British Retail Consortium – whose members are mostly larger stores – said spending was 3.1% higher …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

Britain’s central bank on Tuesday delayed implementing a key part of new, global rules governing banks’ trading activities by a year to 2028, as it waits for clarity on what other jurisdictions including the United States will do. As part of a series of changes unveiled to help British lenders, the Bank of England also …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

The new tariffs announced by the United States on 2 April at the start of the second quarter were widely anticipated, allowing importers to move purchases forward to avoid paying higher duties at a later date. Trade volume growth in the first quarter was above projections issued in the WTO’s Global Trade Outlook and Statistics …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

U.S. President Donald Trump’s threatened 30% tariff on European Union imports is complicating the European Central Bank’s decision-making but is unlikely to derail plans for a pause in rate cuts next week, five ECB policymakers told Reuters. The ECB signalled after its June meeting that it was likely to keep interest rates unchanged on July …

by hellenicshippingnews… on 15 July 2025 at 9:00 pm

Eurozone industrial production has been bouncing around in recent months, with the US frontloading of eurozone goods playing no small part. In May, production jumped by 1.7% compared to April, bringing production close to its March peak. Much of the US frontloading from the eurozone is related to pharmaceuticals, as reflected in the data. Eurozone …

by hellenicshippingnews… on 15 July 2025 at 5:00 pm

Greece recorded a primary budget surplus of 4.67 billion euros ($5.46 billion) in the six months through June, more than double its targeted surplus of 2.24 billion euros, provisional data from the finance ministry showed on Tuesday. The primary surplus – which excludes debt servicing costs, social security and local administration budgets – benefited from …

by hellenicshippingnews… on 15 July 2025 at 5:00 pm

China’s industrial output grew 6.8% year-on-year in June, quickening from the 5.8% pace in May and beating forecasts, but retail sales growth slowed down, official data showed on Tuesday. The industrial output data, released by the National Bureau of Statistics (NBS), beat expectations for a 5.7% increase in a Reuters poll and marked the quickest …

by hellenicshippingnews… on 15 July 2025 at 5:00 pm

China’s new home prices fell at the fastest monthly pace in eight months in June, highlighting the struggle to revive demand despite repeated policy measures and growing calls for additional support. The 0.3% month-on-month drop, calculated by Reuters based on data released by the National Bureau of Statistics, extended a weak trend that has persisted …

by hellenicshippingnews… on 15 July 2025 at 5:00 pm

Another no-show by U.S. Treasury Secretary Scott Bessent, Donald Trump’s tariff threats and rising tensions between Washington and BRICS countries all look set to overshadow this week’s meeting of G20 finance chiefs in Durban, South Africa. Several key officials including Bessent skipped February’s Cape Town gathering of finance ministers and central banks in the grouping, …

by hellenicshippingnews… on 15 July 2025 at 9:00 am

China’s economy slowed less than expected in the second quarter in a show of resilience against U.S. tariffs, though analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus. The world’s No. 2 economy has so far avoided a sharp slowdown in …