Additional customs duties applied to Chinese products by the United States have reached the level of 145%, as stated in a White House decree published on Thursday outlining the conditions…
Business
News and economic analysis on the economic crisis, unemployment, inflation, investments, profits, businesses. You also read about highways, roads, prices, increases, pensions, and budget deficits.
INS has revised the economic growth for 2024. The key was the increase in public sector salaries
The National Institute of Statistics has revised down by -0.1% the growth of the Romanian economy from last year previously announced. According to INS, adjusted for inflation, the GDP grew…
Trump has placed "Liberation Day" among the greatest financial crises in history
A rapid loss of over 5 billion dollars on global stock markets has led some experts to compare Trump’s trade war to the Wall Street crash of 1929. Donald Trump’s…
The Prime Minister of Canada says that it will be very difficult for his country to avoid a recession
Canada will find it hard to avoid a recession if the United States is hit, Canadian Prime Minister Mark Carney, a former banker, said during a campaign event for the…
A tsunami is coming, and no one is spared: How China is responding to Trump's tariffs
While several countries are trying to negotiate to obtain concessions from Donald Trump in the global trade war the American president has sparked, China has taken a different approach. Within…
Greenbrier is closing the wagon factory in Arad - 800 people left without a job
The American giant Greenbrier is closing the Astra Rail wagon factory in Arad, where around 800 people work. The decision is explained by pressures in the industry, increasing costs, and…
Christine Lagarde wants the EU to give up Visa and Mastercard and create its own platform
The President of the European Central Bank, Christine Lagarde, is calling for a revolution in payment systems to end Europe’s dependence on American and Chinese platforms such as Visa, Mastercard,…
Trump could make all the beer more expensive and no one realizes why
All beer, regardless of the container in which it is sold, is affected by the 25% tariff on aluminum imports imposed by the United States. At least that’s the result…
iPhone at $2,300? Trump's imposed tariffs could significantly increase the prices of Apple products
The new global customs duties could completely transform international trade, and consumer products, such as iPhones, are among the most affected, analysts warn. If Apple were to pass on the…
Romania announces state aid for companies affected by Trump's tariffs (Video)
Romanian PM Marcel Ciolacu promised on Thursday to protect Romanian companies through state aid schemes against the commercial tariffs announced by Donald Trump. Authorities worldwide have promised countermeasures after the…
What's next for the global economy after Trump's tariffs: Chain effects in a reversed world
The most recent round of U.S. trade tariffs, presented on Wednesday, will further diminish the strength of a global economy that has barely recovered from the post-pandemic inflation surge, an…
How the EU and China are reacting to Trump's tariffs. What are the other affected countries doing
The announcement by American President Donald Trump regarding tariffs imposed on countries worldwide has sparked numerous reactions. Leaders and governments from many countries have announced similar measures against the USA.…
Over 10,000 families in Romania will install solar panels
Over 10,400 families in Romania will be able to install photovoltaic panels and energy storage systems starting Wednesday. The Environmental Fund Administration (AFM) has published today, April 2, a new…
Ukraine produces as many drones as all NATO countries combined: "You can't count how many we can produce"
Following the Russian invasion, Ukraine was forced to significantly increase its armament production, and today, not only does it meet its internal needs, but it has also become an important…
Gigantic gold reserves discovered in China: Could they change the global economy
An immense gold deposit has recently been identified in the Hunan province of China, with estimated reserves of over 1,000 tons. This colossal discovery has the potential to not only…
Greece has the cheapest housing in Europe, at a huge difference from Spain, Portugal, or Romania. Germany faces a unique situation
Over the past 15 years, Greece has remained the most affordable real estate market in Europe, with prices increasing by only 4.2%. In contrast, housing in Spain, Portugal, and Israel…
While Tesla is in free fall, Musk brings X back to a huge value
After being evaluated at less than 10 billion dollars in September 2024, the social network X has spectacularly returned to a value of 44 billion dollars. The growth is largely…
Washington Post: It's not just about the USA. Trump is harmful to the entire global economy
President Donald Trump is not only dragging down the U.S. economy but also the global economy. This is the conclusion of a new report on global economic outlook published Monday…
Why eggs are scarce in the US, while Canada has plenty
Egg prices in the United States have reached record levels, and the Department of Agriculture is now trying to find solutions by analyzing how other countries produce eggs. They don’t…
Vice President of the ECB: The uncertainty caused by Trump now is greater than during the pandemic
The policies of the US President, Donald Trump, are causing more uncertainty for the economy than during the Covid pandemic, said the Vice President of the European Central Bank (ECB),…