economy
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China and US agree on reciprocal tariff cuts for $30 billion in goods
China and the United States have agreed to reciprocally reduce tariffs on $30 billion worth of goods, establishing new bilateral trade and AI councils.
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Russian tax hikes target mounting budget deficit and military strain
Moscow is raising taxes to plug a growing budget deficit and finance ongoing military operations as economic strain intensifies.
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Armenia’s 2025 Economy: Growth at 9.1% Yet Stability Remains Elusive
Armenia’s 2025 economy grew 9.1%, yet the expansion remains volatile and highly dependent on external factors, according to the latest socio-economic review today.
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Australia’s Jobless Rate Drop Sparks Rate Hike Predictions
Australia’s jobless rate hit a seven-month low, fueling speculation of a Reserve Bank interest rate hike in February.
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Armenia’s 2025 Growth Outlook: 5.5–6% Expansion, Inflation Near Target, and Debt Trajectory Aided by 2026 Targets
Armenia forecasts 2025 GDP growth at 5.5–6% based on Finance Minister’s January 21 remarks.
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What Triggered the Mass Protests in Iran?
The triggers and implications of the recent mass protests in Iran tied to economic mismanagement and currency devaluation. The intertwined nature of economics and governance in Iran illustrates how the mismanagement of currency policy can trigger civil unrest, ultimately leading…
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Rachel Maddow Calls Out Trump’s ‘Affordability Hoax’ on The Late Show: Fact-Checking Politics from Your Grocery Cart
Rachel Maddow confronted President Trump’s dismissal of economic affordability concerns during her appearance on The Late Show, urging Americans to fact-check political claims against their own real-life experiences.
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US Mint Strikes Final Penny: Why America Is Saying Goodbye to the 1-Cent Coin
The United States has officially ended production of the penny, marking the end of a 230-year chapter in American history. The move aims to cut costs, but it stirs nostalgia and debate about the role of coins in modern life.
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Trump’s $2,000 Tariff Dividend: What’s Real, What’s Uncertain
President Trump’s proposal to send $2,000 checks funded by tariff revenue revives memories of past stimulus payments, but faces tough economic and political hurdles.
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Trump’s SNAP Threat Sparks Nationwide Anxiety Amid Government Shutdown
President Trump’s threat to halt SNAP payments during the government shutdown has triggered deep concern for millions of Americans, with legal battles and partial benefits leaving families uncertain about access to food.
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Bank of Canada Expected to Cut Rates Amid Economic Strain
The Bank of Canada is poised to reduce its benchmark interest rate as US tariffs strain the economy and job market.
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Inflation Slows: Market Optimism Grows Amid Rate Cut Speculation
The latest inflation data shows a decline in wholesale prices, fueling speculation about a Federal Reserve rate cut and driving mixed reactions in the stock market.
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Trump’s Legacy Faces Dual Crises at Home and Abroad
Donald Trump’s second term sees economic turmoil and international challenges, as Americans grapple with job losses and Israelis demand an end to the Gaza war.
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El Salvador Diversifies Reserves with $50M Gold Purchase
El Salvador has purchased $50M worth of gold, marking a strategic diversification of its international reserves amid Bitcoin volatility.
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Federal Court Strikes Down Trump’s Tariffs Amid Economic and Political Controversies
A U.S. federal appellate court has ruled that most of President Trump’s global tariffs are unlawful, raising questions about his economic policies and their impact on American businesses and households.