EconomyPolitics
Iran War's Uneven Toll: Investors Win, Consumers Pay
Six months into the Iran war, stock markets surged while consumers face higher fuel, food and travel costs. The Wall Street-Main Street divide widens.
—6 min read
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#Economy
219 articles
Economy
China Overhauls Housing Sales with Ready-Built Focus
China issues sweeping real estate reforms prioritizing ready-built housing sales, extending mortgages to 40 years, and tightening presale rules.
—5 min read
Economy & FinancePolitics
Belgium Faces 10 Billion Budget Gap as Bond Rates Surge
Belgium's De Wever government must find 10 billion euros by 2029 as bond rates hit 12-year highs, squeezing the coalition's fiscal plans.
—5 min read
Economy
Belgian Inflation Accelerates to 3.97% in August
Belgian inflation accelerated for the second consecutive month to 3.97% in August, driven by surging energy prices and geopolitical tensions.
—4 min read
TourismEconomy
Belgian Coast Posts Record Summer Tourism Since COVID Era
The Belgian coast recorded 11.2 million overnight stays and 6.1 million day tourists this summer, the highest figures since the COVID-19 pandemic.
—4 min read
Economy
Fed Chair Warsh Signals Rate Hikes as Inflation Persists
Fed Chair Kevin Warsh signals rate hikes may be needed as inflation stays elevated, sending bond yields higher and markets bracing for September.
—7 min read
Economy
Belgian State Bonds Draw 193M Euros on First Day
Belgian state bonds attracted 193 million euros on their first subscription day, four times more than the June issuance but far below the 2023 record.
—4 min read
Economy
China's Outbound Direct Investment Rises 2.8% in Jan-July
China's outbound direct investment grew 2.8% to 6845.1 billion yuan in Jan-July 2026, driven by Belt and Road cooperation and new policies.
—4 min read
EconomyPolitics
Belgian Brewers Fight New 'Alcohol Harms Health' Slogan
Belgian brewers launch open letter campaign against mandatory 'Alcohol harms health' slogan, arguing it stigmatizes a vital sector.
—5 min read
Economy
AirBaltic Scraps Passenger Flights from Liège Airport
AirBaltic cancels planned passenger flights from Liège Airport to the Canary Islands, citing financial difficulties and weak bookings.
—4 min read
Economy
Flanders Plan to Double Gaming Turnover by 2030
Flanders launches 'Next Level Vlaanderen' vision to double gaming sector turnover from €76.5M to €150M by 2030, addressing chronic capital shortages.
—4 min read
EconomyTechnology
China's Robots Accelerate as Fiscal Measures Boost Demand
China's robot industry accelerates globally while upgraded fiscal measures boost domestic demand via interest subsidies and expanded credit.
—7 min read
Economy
China Unveils Fiscal Reform Plan for 15th Five-Year Period
China's Ministry of Finance outlines fiscal reform agenda for the 15th Five-Year Plan, targeting stronger fiscal capacity and modern macro-control.
—6 min read
Economy
China Opens Consultation on Revised Foreign Investment Rules
China's NDRC releases revised Foreign Investment Management Measures for consultation, updating the 2017 framework for better risk protection.
—4 min read
Economy
US Borrowing Costs Surge as Low-Rate Era Comes to an End
The 30-year Treasury yield hits its highest level since 2007 as US debt crosses $40 trillion, raising concerns about the end of the low-rate era.
—6 min read
Economy
China's Trade-In Program Benefits 178 Million in 2026
China's trade-in program has benefited 178 million people in 2026, driving 1.32 trillion yuan in sales through 187.5 billion yuan in subsidies.
—5 min read
EnergyEconomy
China's Electricity Consumption Up 4.7% in 7 Months
China's total electricity consumption grew 4.7% year-on-year in Jan-July 2026, driven by high-tech manufacturing and digital economy growth.
—4 min read
Economy & Business
Antwerp Biotech Campus Permit Annulled by Court
Belgium's Council for Permit Disputes annuls the permit for the Bioscape biotech campus in Antwerp, citing insufficient mobility analysis.
—5 min read
Business & Economy
Walmart Posts Slowest Sales Growth in Six Years
Walmart reports slowest US sales growth in six years as gas prices and inflation squeeze consumers, sending shares down 9%.
—5 min read
Economy
China's Pension Insurance Covers 1.076 Billion People
China's basic pension insurance reached 1.076 billion participants by end of June, expanding the world's largest social security system.
—4 min read
Economy
China's Machinery Industry Grows 6.4% in H1 2026
China's machinery industry above-scale enterprises saw added value grow 6.4% in H1 2026, with exports up 20% and smart manufacturing surging.
—4 min read
Economy & Finance
Belgian Borrowing Costs Hit 14-Year High
Belgium's 10-year bond yield exceeds 3.8%, the highest since 2012, as rising interest costs pressure an already strained federal budget and public debt.
—6 min read
Economy
China's Economy Shows Resilience Amid Structural Shift
China's economy stayed stable in the first seven months of 2026, with high-tech growth and strong trade offsetting weak investment and consumption.
—7 min read
EconomyPolicy
Nine Chinese Departments Unveil County Consumption Policy
Nine Chinese departments issued a policy to stimulate lower-tier market vitality and boost county-level consumption for domestic demand expansion.
—5 min read
EconomyInfrastructure
China's Railway Investment Hits 440.6B Yuan in Seven Months
China's railway sector invested 440.6 billion yuan in the first seven months of 2026, up 1.8%, with major projects advancing nationwide.
—4 min read
Economy
All 31 Chinese Provinces Report Stable H1 Local Finances
China's 31 provinces report stable H1 2026 fiscal operations with 6.88 trillion yuan in local revenue, up 2.7% year-on-year.
—4 min read
EconomyTransport
China Railway Hits Record 2.8B Passengers in First 7 Months
China's railway network carried 2.8 billion passengers in the first seven months of 2026, up 4.1% year-on-year, setting a new record for the period.
—4 min read
Economy
China's Express Delivery Index Rises 2.4% in July
China's express delivery index rose 2.4% year-on-year in July to 424.2, reflecting steady logistics growth with expanding market scale.
—4 min read
Economy
US Retail Sales Slump as Summer Tax-Refund Boost Fades
US retail sales fell 0.6% in July, the biggest drop in over a year, as tax-refund spending faded and gas prices rose amid Iran war tensions.
—5 min read
Economy
Inflation Cools in July But Consumer Spending Declines
July inflation cooled to 3.4% but retail sales fell 0.6%, the biggest drop in over a year, as American households pull back on spending.
—5 min read
Economy
Wholesale Inflation Slows as Gas and Food Costs Fall
Wholesale price inflation slowed in July as gas and food costs fell, giving the Federal Reserve more room to hold rates steady at its September meeting.
—5 min read
Economy
Five Economic Takeaways: Inflation, Spending, and Trends
This week's economic data reveals key trends in inflation, consumer spending, grocery prices, and gas costs affecting American households.
—5 min read
Economy
China's Central Bank Plans Incremental Policies
China's central bank announces incremental policies and stronger counter-cyclical adjustment to support economic stability and growth.
—6 min read
Economy
Mortgage Rates Dip for First Time in Six Weeks
Mortgage rates fell slightly for the first time in six weeks, offering a small reprieve for homebuyers, though rates remain higher than last year.
—5 min read
Economy
July Inflation Cools to 3.4%, Offering Fed Reprieve on Rates
U.S. inflation eased to 3.4% in July, giving the Federal Reserve breathing room as it weighs its September rate decision amid elevated energy prices.
—6 min read
Economy
China's 'New New Three Items': AI, Robots, and Drugs
China's 'new new three items' - AI, robotics, and innovative drugs - are reshaping the nation's export identity from goods to capabilities.
—6 min read
Economy
Chinese Regions Expand Auto Subsidies to Revive Market
Multiple Chinese regions are simplifying processes, boosting subsidies, and expanding coverage to revive a slumping auto market that saw H1 sales fall 21%.
—4 min read
EmploymentEconomy
Flanders Sees Lowest Job Vacancies in Six Years
VDAB records lowest monthly job vacancies since May 2020 as Flemish labor market cools, with 13% fewer offers over the past year.
—4 min read
EconomyTravel
China Domestic Tourism Hits 3.46B Trips in H1 2026
China's domestic tourism recorded 3.463 billion trips in H1 2026, up 5.4% year-on-year, with spending reaching 3.21 trillion yuan.
—4 min read
EconomyTourism
Flanders Sets Tourism Record with 28.8M Overnight Stays
Flanders recorded 28.8 million overnight stays in 2025, a 2% increase over 2024, cementing its status as a premier European holiday destination.
—4 min read
EnergyEconomy
China's Electricity Load Hits Record High Again This Summer
China's electricity load hit a record 1.557 billion kW on August 7, the fourth all-time high this summer amid heatwaves and economic growth.
—6 min read
EconomyTrade
China's Foreign Trade Surges 17.3% in First 7 Months
China's goods trade hit 30.13 trillion yuan in first 7 months, up 17.3%, driven by high-tech exports, green products, and balanced import growth.
—6 min read
EconomyChina
China's Traditional Industries Transform in New Plan
China's traditional industries are modernizing through tech innovation, digital transformation, and green upgrades in the 15th Five-Year Plan.
—6 min read
Economy & Finance
China Issues 15B Yuan Sovereign Bonds in Hong Kong
China's Ministry of Finance raises 15 billion yuan in Hong Kong sovereign bonds with 4.67x bid-to-cover ratio, advancing RMB internationalization.
—4 min read
Economy
US Employers Cut 23,000 Jobs Amid Iran War Strain
US employers unexpectedly cut 23,000 jobs in July amid Iran war strain, while unemployment dipped to 4.1% as workers left the labor market.
—5 min read
EconomyReal Estate
Million-Dollar Homes Redefine Luxury Across America
The million-dollar home is becoming surprisingly normal across America as a boom in high-end real estate redefines what constitutes luxury housing.
—6 min read
Business & Economy
Belgian Inflation Rises to 3.8%, Highest Among Neighbors
Belgian inflation rose to 3.8% in Q2 2026, the highest among neighboring countries, driven by energy price surges from the Middle East conflict.
—4 min read
Business & Economy
Belgian Retail Stores Can Open 7 Days a Week from Aug 13
Belgian retail stores can now open 7 days a week from August 13. New law removes mandatory closing day and extends hours to 21h00.
—5 min read
EconomyPolitics
Trump Admin Refunds $100B in Tariffs Struck Down by Court
The Trump administration has refunded $100 billion in tariffs struck down by the Supreme Court, with billions more pending review.
—5 min read
Economy
'Treat Yourself' Economy: Americans Choose Small Luxuries
Americans are carving out room for small luxuries despite economic pressures, fueling a 'treat yourself' economy with record movie attendance.
—4 min read
TechnologyEconomy
China's AI Industry Map Emerges Across 31 Provinces
China's AI industry spans all 31 provinces with a gradient pattern as regions specialize in chips, optoelectronics, and computing infrastructure.
—6 min read
Economy
China's July Logistics Index at 50.4%, Still Expanding
China's July logistics index at 50.4% keeps sector in expansion for third straight month despite seasonal pressures.
—4 min read
Economy
Belgian Tax Authority Sends 190,000 Erroneous VAT Reminders
Belgium's tax authority sent 190,000 erroneous VAT reminders to businesses that had already paid, sparking confusion and legal threats.
—5 min read
Economy
Americans Turn to Small Luxuries as Prices Keep Rising
The 'lipstick effect' is reshaping American spending as consumers shift to affordable indulgences amid inflation and economic uncertainty.
—4 min read
Economy
Belgian Fuel Prices Drop, Netherlands Gap Hits 70 Cents
Belgium's FOD Economie announces fuel price drops effective Wednesday, with the gap versus the Netherlands widening to over 70 cents per liter.
—4 min read
Politics
Trump Heads West to Shore Up Economy Message Amid Weak Polls
Trump makes a rare Western trip to California and Nevada to discuss the economy, an issue where polls show he is vulnerable ahead of the midterms.
—6 min read
Tourism & Economy
Tunisia's Tourism Industry Maintains Steady Growth
Tunisia's tourism sector continues its upward trajectory with record arrivals and rising revenue, cementing its role as a key economic driver.
—6 min read
EconomyInternational
Japan, US Confirm Rare Joint Forex Intervention
Japan and the US confirm a rare coordinated yen-buying intervention, the first joint action in 15 years, signaling more may follow.
—6 min read
Economy
China Maps Out H2 Policy Priorities: Domestic Demand Key
China's NDRC outlines H2 2026 macro policy priorities focused on expanding domestic demand through consumption, investment, and emerging industries.
—5 min read
Economy
China Seizes Summer Window to Boost Experiential Consumption
China's summer experiential consumption boom shows 28.3% growth in immersive arts sales, driven by new policy frameworks and cultural tourism initiatives.
—6 min read
Economy
Belgium's Titres-Services Lose 3,000 Jobs in One Year
Belgium's titres-services system lost nearly 3,000 household help jobs in one year as price hikes, tax deduction cuts, and teleworking reshape the sector.
—5 min read
EconomyChina
China's Housing Market Enters Stock Era
China's housing market enters the stock era as cities deploy tailored strategies to absorb and revitalize existing housing inventory.
—7 min read
Economy & Policy
China Strips Five Economic Zones of National Status
China removes five economic development zones from national-level status after poor evaluations, marking the largest delisting in program history.
—4 min read
EconomyTravel
China's Railway Summer Travel Surges Past 430 Million
China's railway carried 432 million passengers in the first month of summer travel, with tourism trains driving consumption and new capacity.
—4 min read
Economy
China's 31 Provinces Post Resilient H1 GDP Growth
All 31 Chinese regions posted positive H1 GDP growth; 15 beat the national average as central and western provinces narrow the gap.
—5 min read
PoliticsEconomy
China's Politburo Sets October Plenum, New Economic Push
China's Politburo set the 5th Plenum for October and pledged bolder fiscal-monetary policy, acknowledging growing economic headwinds.
—5 min read
Economy
Belgium: Notice Period Falls to One Week, Gas Costs Rise
Belgium's August 1 changes: notice periods drop to one week for new contracts, gas excise duties rise, and minimum wage climbs to 2,233.61 euros.
—4 min read
Economy
China Issues 3 New Standards for Online Home Services
China's SAMR released three national standards regulating online home services to improve quality and consumer protection in the trillion-yuan market.
—4 min read
EconomyHousing
Homeowner-Renter Wealth Gap at Record as Millions Priced Out
The wealth gap between homeowners and renters has reached a record high, with home prices surging 50% in six years, locking millions out of homeownership.
—5 min read
Economy
China's H1 Logistics Hits 181.1 Trillion Yuan, Outpacing GDP
China's H1 social logistics hit 181.1 trillion yuan, up 5.1% YoY, outpacing GDP as high-tech manufacturing transforms supply chains.
—4 min read
EconomyTechnology
China's High-Value Patent Holdings Reach 2.36 Million
China's high-value invention patents hit 2.36 million, with per capita holdings at 16.8 per 10,000, signaling continued IP innovation progress.
—5 min read
Daily News RoundupPolitics
Belgium Daily Roundup: Economy Stalls, NATO Spy Held
Top Belgian stories: zero economic growth, Canadian intern held at NATO for espionage, severe heatwave, WWII deportation lawsuit.
—5 min read
PoliticsGeneral News
Belgium Daily: Economy Stalls, NATO Spy Case, Justice Reform
Zero Q2 growth, NATO espionage charges, an NMBS WWII lawsuit, and energy excise reform highlight Belgium's news on July 29.
—6 min read
EconomyPolicy
Belgium to Charge Firms for Consumer Complaints
Belgian firms pay EUR 250-500 per consumer complaint to the Ombudsman starting Jan 2027. New rules phase out subsidies, saving the state EUR 550K yearly.
—4 min read
EconomyUnited States
Grocery Prices Jump 33%, Reshaping How Americans Shop
Grocery prices have risen 33% since 2019—the biggest jump in 50 years—forcing Americans to change how they shop, eat, and budget for food.
—7 min read
Economy
First-Time Homebuyers Hit Record Low, Median Age Hits 40
First-time homebuyer share falls to record-low 21% as median age hits 40, signaling mounting barriers to homeownership and the fading American Dream.
—4 min read
Economy
China's H1 Macro Policies Bolster High-Quality Growth
China's GDP grew 4.7% in H1 2026 as proactive fiscal and monetary policies solidified the foundation for high-quality development, Xinhua reports.
—5 min read
Economy
China's Unemployment Fund Posts Deficit as Claims Surge
China's unemployment insurance fund recorded a 9.13 billion yuan deficit in 2025 as benefit payments surged 34.2%, straining the social safety net.
—4 min read
Economy
200,000 Belgians Didn't File Taxes: Who They Are and Risks
Nearly 200,000 Belgians failed to file tax returns. Young adults and Brussels residents face escalating penalties in a growing compliance crisis.
—4 min read
US PoliticsEconomy
Trump Accounts Draw 6.5M Sign-Ups, Families Await Baby Bonus
Trump touts Trump Accounts as a success with 6.5M sign-ups, but some families report delays receiving the promised $1,000 for newborns.
—4 min read
Economy
China Youth Jobless Rate Falls to 14.9% in June
China's youth unemployment fell for a third straight month to 14.9% in June, but remains above last year's level as graduates enter the workforce.
—5 min read
HealthEconomy
China's Medical Insurance Spending Tops 3 Trillion Yuan
China's medical insurance spending surpassed 3 trillion yuan in 2025 as income growth outpaced expenditure, signaling improved fund sustainability.
—5 min read
EconomyPolitics
US Gas Prices Hit $4 Again as Iran War Disrupts Oil Markets
US gas prices hit $4 per gallon as renewed US-Iran fighting disrupts oil shipments through the Strait of Hormuz, squeezing American households.
—4 min read
Economy & BusinessTechnology
Belgium in Flux: EV Milestone, OnePlus Exit, DIY Disruption
Belgium's auto market hits 10% EV share among private buyers, OnePlus exits Europe, and German DIY chain Colos opens its first mega-store in Machelen.
—5 min read
EconomyBusiness
America's Entrepreneurial Boom Reverses Decades-Long Decline
Americans filed 5.7 million business applications in 2025 as a surge in entrepreneurship reverses a decades-long slump, driven by AI and a weak job market.
—5 min read
EconomyPolitics
Belgium's Flexi-Jobs Under Fire Over Job Displacement Study
Belgian ministers clash over flexi-jobs as new study shows they may displace regular jobs in hospitality, raising fiscal sustainability questions.
—5 min read
EconomyInternational
China GDP Growth Slows to 4.3%, Weakest Since 2022 Lockdowns
China's Q2 GDP grew just 4.3%, the slowest in over three years, as weak domestic demand and a property slump offset surging exports.
—4 min read
EconomyPolitics
China Unveils First Five-Year Plan to Boost Consumption
China's State Council approves the 15th Five-Year Plan for Expanding Consumption, targeting 60 trillion yuan in retail sales by 2030.
—4 min read
Economy
Shenzhen Office Leasing Activity Hits 6-Year High
Shenzhen office leasing transactions hit a six-year high in H1 2026, driven by AI and semiconductor firms. Vacancy fell for three straight quarters.
—5 min read
Economy
China's H1 Foreign Trade Breaks 25 Trillion Yuan, Up 16.9%
China's H1 2026 foreign trade reached 25.47 trillion yuan, a historic first above 25 trillion, with 16.9% growth led by high-tech exports and BRI markets.
—5 min read
EconomyPolitics
Inflation Cools to 3.5% as Warsh Vows to Defeat Price Surge
June CPI cools to 3.5% as Fed Chair Warsh vows regime change. Iran war threatens new price spikes, creating a delicate balancing act for policymakers.
—5 min read
EconomyFinance
Big Banks Smash Earnings Records as Tectonic Risks Loom
JPMorgan, Goldman Sachs, Bank of America, Wells Fargo, and Citigroup report record Q2 earnings as trading surges, but executives warn of looming risks.
—5 min read
EconomyCulture
Belgian Motorcycle Sales Hit 15-Year High; Dhont Opens Fest
Belgian motorcycle sales hit highest level since 2011 as 125cc models surge, while Lukas Dhont's 'Coward' opens Film Fest Gent 2026.
—4 min read
EconomyPolitics
Belgium's Flexi-Job System 'Spiraling Out of Control'
Belgian Budget Minister Van Peteghem warns flexi-jobs are undermining social security as record numbers and an IMF debt warning fuel reform debate.
—4 min read
EconomyPolitics
Trump Eyes Biggest Retirement Overhaul Since 1935
President Trump is studying Australia's mandatory retirement system for a potential US overhaul. The proposal could reshape how Americans save.
—5 min read
Economy
Americans Rely on Credit Cards for Groceries as Costs Surge
Urban Institute study finds 1 in 4 working-age Americans using credit cards for groceries can't pay their bills, as food prices rise 32% over five years.
—5 min read
Economy
Business Creation Booms as Workers Become Their Own Boss
A record 3.1 million Americans filed to start businesses in H1 2026, driven by layoff anxiety, AI fears, and the desire for autonomy.
—5 min read
TechnologyEconomy
200+ Economists Warn AI Threatens Jobs and Economy
Over 200 economists, including 16 Nobel laureates, warn AI could transform the economy faster than the Industrial Revolution as AI spending raises prices.
—5 min read
EconomyTrade
Monopoly Maker's U.S. Experiment Exposes Tariff Reality
A Monopoly importer tried making games in the U.S. to avoid tariffs. The result: no dice makers, double costs, and a lesson in reshoring challenges.
—5 min read
EconomyTrade
China's Ports Top Global Cargo and Container Rankings
China's ports handled 18.3 billion tonnes of cargo and 354 million TEUs in 2025, retaining the world's top ranking, the Ministry of Transport announced.
—4 min read
EconomyEnergy
Fuel Prices Surge in Belgium as Refining Costs Climb
Belgian fuel prices rise sharply as diesel hits EUR 2.10/litre. Surging refining margins and geopolitical tensions are driving the increase.
—5 min read
Economy & Agriculture
China's Summer Grain Harvest Breaks 300 Billion Jin Record
China's summer grain output surpassed 300 billion jin for the first time in 2026, rising 0.7% despite extreme weather, reinforcing food security.
—4 min read
Economy & Business
China Unveils 20-Point Plan to Revitalize Retail Sector
Nine Chinese government departments jointly issue 20 measures to modernize retail, boost consumer confidence, and curb destructive online price wars.
—5 min read
AgricultureEconomy
China's Summer Grain Output Tops 300 Billion Jin
China's summer grain output reached 301.49 billion jin, surpassing 300 billion jin for the first time in a record harvest bolstering food security.
—4 min read
EconomyChina
IMF Raises China 2026 Growth Forecast to 4.6%
IMF upgrades China's 2026 growth forecast to 4.6% while cutting global outlook. PBOC maintains loose policy, CPI rises 1.0% amid retail reforms.
—5 min read
Real EstateEconomy
Belgian Housing Prices Dip: What Homebuyers Need to Know
Belgian housing prices fell nearly 1% in Q2 2026. Experts explain the demographic shift behind the decline and what it means for buyers and sellers.
—4 min read
EconomyTourism
China Launches Summer Tourism Season with $62M in Vouchers
China launches Summer Tourism Season, distributing over 450 million yuan in vouchers across 30,000 events to boost domestic travel.
—4 min read
Economy
China's Forex Reserves Hold Steady at $3.416 Trillion
China's foreign exchange reserves stood at $3.4163 trillion at end of June, down 0.75% from May due to US dollar strength, SAFE data shows.
—4 min read
EconomyEnvironment
China's Water Efficiency Rises 4.5% in Green Transition
China's water consumption per 10,000 yuan GDP fell 4.5% in 2025, signaling a shift toward sustainable, high-quality economic development.
—4 min read
EconomyReal Estate
China Property Market Stabilizes on Policy Support Effect
China's property market shows early stabilization signals as core cities lead recovery. Policy support boosts transactions and cuts inventory.
—5 min read
EconomyPolitics
Trump Claims Credit for Walmart Price Cuts, Company Silent
President Trump says Walmart cut prices at his administration's request, but the retailer's official statement makes no mention of the White House.
—5 min read
Economy & Finance
China's Express Delivery Tops 100 Billion Parcels in 2026
China's express delivery volume exceeded 100 billion parcels by June 30, 2026, reaching the milestone nine days earlier than last year.
—4 min read
EconomyTechnology
China's 'Six Networks' Plan: A $960B Infrastructure Vision
China is investing over 7 trillion yuan in 'Six Networks'—a massive infrastructure plan spanning water, power, computing, and logistics.
—6 min read
Society & CultureEconomy
China: Teachers, Blade Nets, Tax Refunds, ACs, Travel
Volunteer teachers for soldiers' children, Laoshan blade net row, new tax refund point, Chinese AC boom in Europe, and summer travel surge.
—5 min read
EconomyBelgium
Belgian Supermarket Inflation Turns Negative for First Time
Supermarket inflation in Belgium has turned negative for the first time, with prices falling 0.41% in June. Test Achats reports relief for shoppers.
—4 min read
Economy
US Hiring Slows Sharply in June as Consumer Gloom Persists
U.S. employers added just 57,000 jobs in June, far below expectations, as consumer confidence remains historically low amid war-induced inflation.
—4 min read
EconomyChina
China Extends Employment Support Policies to Stabilize Jobs
China extends unemployment insurance refunds, hiring subsidies, and skills training benefits through 2026 to stabilize the job market.
—4 min read
Economy & Finance
China Completes $27.6B Bond for Equipment Upgrades
China allocates 200 billion yuan in ultra-long special treasury bonds for equipment upgrades across 22 sectors, completing the final batch of 2026 funding.
—4 min read
Economy
China's Departure Tax Refund 2.0 Takes Effect to Boost Trips
China's departure tax refund 2.0 policy takes effect July 1, with random sampling and paperless processing to boost inbound tourism and spending.
—5 min read
Economy
Fuel Prices Rise Again in Belgium This Friday
Belgian fuel prices rise again on Friday as SPF Economie announces increases of up to 7.2 cents per liter, adding to cost-of-living pressures.
—4 min read
EconomyUnited States
US Adds Just 57,000 Jobs in June as Hiring Slows Sharply
The US economy added 57,000 jobs in June, well below expectations, as the unemployment rate ticked down to 4.2% and wage growth trailed inflation.
—5 min read
EconomyPolitics
Trump Announces Gas Price Cuts Ahead of July 4 Celebration
Trump announces Freedom Fuel Network will cut gas prices at 25 Philadelphia-area stations on July 3, as the administration pressures retailers.
—4 min read
EconomyHousing
China Overhauls Housing Provident Fund in Major Reform
China proposes sweeping reforms to its Housing Provident Fund system, expanding withdrawal options to include renovation and property fees.
—4 min read
Economy & Trade
China's New Outbound Investment Rules Take Effect July 1
China's first outbound investment regulation takes effect, streamlining approvals while strengthening risk management and national security.
—4 min read
Finance & Economy
China Wealth Management Market Hits Record 35 Trillion Yuan
China's bank wealth management market surpasses 35 trillion yuan, a record high, driven by deposit rate cuts and market recovery after Q1 contraction.
—5 min read
Economy & Society
Pessimism Gap: 37% of Belgians Fear Living Standards Decline
37% of Belgians expect living standards to deteriorate, far above the EU average of 29%, a new Eurobarometer survey reveals.
—5 min read
Trade/EconomyChina
China Overhauls Procurement, Bidding Laws for Foreign Firms
China's top legislature reviews draft revisions to procurement and bidding laws, aiming to boost transparency and level the field for foreign firms.
—5 min read
EconomyTrade
EU Slashes Steel Import Quotas by 47% in New Trade Rules
The EU cuts duty-free steel imports by 47%, doubles tariffs to 50%, and reserves half the quota for FTA partners amid escalating global trade tensions.
—5 min read
EconomyPolitics
Belgium's July 1: Flexi-Jobs, Package Tax, Higher Fines
Belgium introduces sweeping changes on July 1: flexi-jobs expand to all sectors, a new €3 EU package tax takes effect, and traffic fines rise by 10%.
—5 min read
Economy
Belgian Salaried Employment Stagnates as Flexi-Jobs Surge
Economist Philippe Defeyt reports salaried employment in Belgium grew just 0.7% over three years, with flexi-jobs masking a deeper decline in regular jobs.
—4 min read
Economy
China Allocates $8.6B in Third Consumer Trade-In Batch
China releases third batch of 62.5 billion yuan in ultra-long special treasury bonds for consumer goods trade-ins, boosting sales past 1 trillion yuan.
—4 min read
Economy
China Revamps Service Fund to Boost Consumption and AI
China revises service industry fund through 2028, prioritizing new consumption growth and AI adoption in consumer sectors with ~6.9 billion yuan allocated.
—4 min read
Weather & HealthEconomy
Belgium Heatwave: Hospitals Overwhelmed, Economy Loses €500M
A severe heatwave gripping Belgium has overwhelmed hospitals, cost the economy over €500M, and sparked controversy at the European Commission.
—5 min read
EconomySociety
Belgium's July 1 Overhaul: Higher Costs, Flexi-Jobs, Rules
Belgium faces major changes July 1: service vouchers rise to €10.60, flexi-jobs expand, a €3 parcel tax, and stricter train rules.
—5 min read
PoliticsEconomy
Wealth Tax Exposes 'Two Injustices' in Belgian Politics
A Belgian wealth tax proposal targeting the top 5% has ignited a fierce political battle, with experts arguing it reveals two deeper injustices.
—4 min read
Economy
Key Inflation Gauge Hits 3-Year High as Mortgage Rates Climb
The Fed's preferred inflation gauge surged to 4.1% in May, a three-year high, as mortgage rates hover near 6.5% and the Iran war drives energy costs.
—5 min read
PoliticsEconomy
Belgian Chamber Approves 2026 Budget Adjustment
Belgium's Chamber of Representatives approves the 2026 budget adjustment, a technical fix that sets the stage for tough multi-year fiscal negotiations.
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EconomyChina
China Extends Housing Tax Refund for Home Buyers to 2027
China extends personal income tax refund for home buyers trading up to new properties, effective through December 2027.
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EconomyConsumer
China Allows Same-Day Car Purchase and Registration
China announces same-day car purchase and registration for domestic vehicles, streamlining processes for over 20 million cars annually.
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EconomyHousing
Falling Housing Prices: Good News or Bad? Planet Money Guide
Planet Money analysis explores when declining home values signal a healthy market correction and when they point to economic collapse.
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EconomyCulture
Dragon Boat Festival: 124M Trips, 44.5B Yuan Tourism Revenue
China's Dragon Boat Festival saw 124M domestic trips and 44.5B yuan in revenue, with folk culture, sports tourism, and early summer travel driving growth.
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EconomyChina
Nearly 4,000 Foreign Firms Boost Investment in China
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EconomyPolicy
China's Tax Reform Eases Burden on Low-Income Earners
China's personal income tax reform eases burdens on low-income earners as higher-income individuals contribute most revenue, with over 70% exempt.
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EconomyFinance
Belgium to Sell 20% Stake in Belfius Bank for €2 Billion
Belgium seeks a buyer for 20% of Belfius bank, aiming to raise €2 billion to reduce national debt while retaining 80% ownership.
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Economy
Belgian Consumer Confidence at Highest Level in 20 Years
Belgian consumer confidence rose to -7 in June 2026, the highest level in two decades, as households grow more optimistic about the economy.
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EconomyTax Policy
North Dakota Rises as Surprising Tax-Friendly Contender
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Economy & Trade
China Readies $9 Billion Stimulus as Retail Sales Shrink
China injects $9.2 billion in trade-in subsidies as May retail sales fall 0.6%—the first contraction since 2023—signaling stimulus campaign exhaustion.
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Economy & FinancePolitics
North Dakota Emerges as America's Most Tax-Friendly State
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EconomyPolitics
China's Exports Surge 19% as Domestic Consumption Shrinks
China's June 21 roundup: ICBM analysis, $9B stimulus, 19% export surge, YMTC IPO restructuring, NSA spy pop-up warning, and anti-corruption.
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EconomyChina
China Injects $9 Billion Stimulus as Retail Sales Shrink
China injects $9.2 billion in new consumer subsidies as May retail sales post first decline since 2022, signaling challenges for domestic demand.
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EconomyPolitics
Belgium's Richest 50 Hold €85.5 Billion in Luxembourg Assets
Investigation reveals Belgium's 50 wealthiest families hold €85.5 billion in Luxembourg companies, sparking debate on tax justice and wealth inequality.
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EconomyAsia
Hong Kong Rises to Second in 2026 Competitiveness Rankings
Hong Kong climbs to second in the 2026 IMD World Competitiveness Yearbook, its highest since 2019, led by top tax policy and business legislation.
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EconomyPolitics
Belgium Expands Flexi-Job System to All Sectors from July 1
Belgium's flexi-job system expands to all sectors July 1. Workers earn up to €18,440 tax-free. Critics warn of social costs and job displacement.
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EconomyPolitics
Brussels Horeca Protests Parking Prices: 'Dying in Droves'
Brussels hotel, restaurant and café owners protest soaring parking prices, saying costs are driving customers away and threatening business survival.
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EconomyBelgium
Van Hool Site Sold for €21.5 Million Amid Buyer Confusion
The former Van Hool site in Koningshooikt sold for €21.5 million to Dutch firm Den Otter Trucks, with brief confusion over the buyer's identity.
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Economy
US Gas Prices Dip Below $4 for First Time Since March
US gas prices fell below $4 per gallon for the first time since March after the US-Iran peace deal, but remain 25% higher than last year amid inflation.
—5 min read
EconomyInfrastructure
China Expands Logistics Network to Boost Real Economy
China upgrades its national logistics network under the Six Networks strategy, with 229 hubs planned and major investments driving supply chain efficiency.
—5 min read
EconomyEmployment
Teens Face Tough Summer Job Search as Jobless Rate at 14.7%
Teen unemployment hit 14.7% in May 2026 as inflation and competition from older workers create one of the toughest summer job markets in decades.
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Economy
Gas Prices in Belgium Drop to Lowest Level Since Mid-March
Belgian gas prices fall to three-month low as SPF Économie announces cuts of up to 6.3 cents per litre, driven by US-Iran peace deal progress.
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PoliticsEconomy
China Daily Briefing: Diplomacy, Economy, Tech Breakthroughs
China's June 16 news roundup: Xi-Myanmar cooperation, steady economic growth, silicon-28 quantum chip breakthrough, 38 new university majors, and more.
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EconomyPolitics
Belgium's Commuting Allowance Tax Break Fails to Gain Ground
Only 4% of Belgian companies have adopted a government-backed commuting allowance tax credit aimed at helping workers cope with rising fuel costs.
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Economy
Diesel Price Drops Below 2 Euros in Belgium, Oil Also Falls
Diesel price in Belgium falls below 2 euros per liter for the first time since March 11. Heating oil also drops as Iran-US peace deal eases markets.
—3 min read
Economy
China's Foreign Trade Tops 4 Trillion Yuan for Third Month
China's foreign trade exceeded 4 trillion yuan for three straight months through May 2026, with total trade up 15.3% to 20.68 trillion yuan.
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Economy & Finance
China's May Bank Lending Beats Forecasts as Credit Rebounds
China's May bank lending exceeded expectations at 520 billion yuan, driven by corporate bill financing, while household deleveraging persisted.
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Economy & Trade
China's Foreign Trade Grows 15.3% in First Five Months
China's foreign trade reached 20.68 trillion yuan in Jan-May 2026, up 15.3%. BRI trade surpasses 51% of total for first time as imports surge 20.5%.
—4 min read
Economy
NBB Forecasts: Inflation Spike, Slowing Growth in Belgium
The National Bank of Belgium projects inflation at 3.4% and GDP growth halving to 0.6% as the Iran war delivers a temporary shock to the economy.
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PoliticsEconomy
Trump Loses Support Among Independents and Blue-Collar Base
AP-NORC polling shows Trump's support among independents has fallen 17 points since 2024, while blue-collar voters doubt his economic leadership.
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EconomyBusiness
China FDI Tops $3.6 Trillion; High-Tech Investment at Record
China hosts over 530,000 foreign-funded enterprises with $3.6 trillion in FDI. High-tech investment surges 20.3%, reaching a record 40.4% share.
—6 min read
Economy
China's May CPI Rises 1.2% as PPI Surges to 3.9%
China's May CPI rose 1.2% year-on-year, unchanged from April, while PPI surged 3.9%, widening the gap between producer and consumer prices.
—4 min read
Economy & Trade
China Unveils Three-Year Plan to Boost Car Rental Industry
China's ten government departments issue a three-year plan to transform car rental, targeting airport coverage and free cross-city returns by 2028.
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Majority of Belgians See Dark Future, Survey Reveals
A national survey reveals 78% of Walloons and 74% of Brussels residents are pessimistic about the future, driven by economic anxiety.
—4 min read
EconomyEducation
Student Work in Belgium Surges 58% Between 2017 and 2024
Student work in Belgium surged 58% from 2017-2024, outpacing regular employment. A Planning Bureau study examines financial pressures and academic impacts.
—4 min read
EconomyFinance
China's Forex Reserves Hit $3.44 Trillion, a 10-Year High
China's forex reserves hit $3.4422 trillion in May 2026, the highest in over a decade, driven by asset price gains and gold buying.
—4 min read
PolicyEconomy
China Approves 15th Five-Year Plan for Employment Strategy
China's State Council approves the 15th Five-Year Plan for Employment Priority Strategy, targeting record graduates and structural job challenges.
—4 min read
EconomyPolitics
Flemish Government Bids to Buy Van Hool Industrial Site
The Flemish government bids on the 30-hectare Van Hool industrial site in Koningshooikt, citing a severe shortage of large industrial land.
—4 min read
EconomyPolitics
Flanders Bets on Van Hool Site as Land Crisis Grows
The Flemish government enters a public auction for the 30-hectare Van Hool site, intervening to combat a severe shortage of large-scale industrial land.
—4 min read
EconomyBusiness
Cotti Coffee Arrives in Belgium with €1 Coffee Cups
Chinese coffee chain Cotti Coffee launches in Belgium with €0.99 cups, opening six stores. The aggressive pricing threatens Starbucks and Costa Coffee.
—5 min read
Economy & Finance
China's Service Trade Grows 4.9% in Jan-Apr 2026
China's service trade hit 24,853.2 billion yuan in Jan-Apr 2026, up 4.9%. Exports surged 15% as the trade deficit narrowed, signaling improvement.
—4 min read
EconomyHousing
China Expands Housing Provident Fund for Renters, Homeowners
China proposes expanding the Housing Provident Fund to cover renovations, property fees, and flexible workers to stabilize the housing market.
—5 min read
EconomyEurope
Iran War Costs Belgian Economy €2.5 Billion
The Iran war has cost Belgium €2.5 billion in lost growth. Businesses report paralyzed subsidiaries, and economists warn the worst is yet to come.
—5 min read
Economy & Finance
China Tightens Oversight of $3.4 Trillion Fund Sector
China's State Council tightens oversight of the $3.4 trillion private fund industry, targeting illegal fundraising and systemic risks.
—4 min read
EconomyHousing
China Expands Housing Fund Use for Property Fees, Renovation
China proposes expanding the Housing Provident Fund to cover property fees, home renovation, and flexible housing consumption in a landmark reform.
—4 min read
EconomyEurope
Record Quarter Million Belgians Now Working as Flexi-Jobbers
A record 261,868 Belgians worked as flexi-jobbers in 2025, up 14% from 2024. The tax-free scheme faces praise and criticism as expansion looms.
—4 min read
Economy
172,000 Jobs Added in May, But Young Graduates Left Behind
The U.S. added 172,000 jobs in May, beating expectations. But with underemployment at 43%, a separate crisis is unfolding for young graduates.
—7 min read
EconomyPolitics
Red States Lure Americans With Lower Housing Costs
Red states attract new residents with lower housing costs and deregulation, contrasting with blue state policies and reshaping population patterns.
—6 min read
EconomyChina
China Expands Housing Provident Fund With Higher Loan Limits
China upgrades housing provident fund across 60+ cities with higher loan limits, expanded coverage for flexible workers, and new usage scenarios.
—5 min read
EconomyJobs
US Private Sector Adds 122,000 Jobs in May, Beats Forecasts
The US private sector added 122,000 jobs in May, exceeding forecasts. ADP report shows broad-based hiring gains across industries and business sizes.
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Economy & Business
China Manufacturing Flatlines as New Export Orders Decline
China's manufacturing PMI hit 50.0 in May as new export orders fell. High-tech sectors surged while traditional industries contracted.
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Economy & BusinessPolitics
China Unveils Landmark Outbound Investment Regulation
China issues its first State Council-level outbound investment regulation, shifting from approval-based controls to a national security framework.
—5 min read
Economy
Fuel Prices Rise Again in Belgium Amid Iran Conflict
Belgian fuel prices rise again: petrol reaches €1.874 and diesel climbs to €2.08 per liter as the US-Iran conflict roils global oil markets.
—4 min read
EconomyPolitics
CEOs and Bond Markets Warn of Recession as Inflation Mounts
CEO confidence plunges below optimism threshold while bond yields surge, signaling a potential economic downturn threatening Trump and Republicans.
—6 min read
EconomyPolitics
Georgia Gas Prices Set to Spike as Tax Suspension Expires
Georgia's gas tax suspension expires at midnight, adding $0.33 per gallon. Kemp declines extension amid budget shortfall and election debate.
—4 min read
Economy
China Manufacturing Flatlines as May PMI Shows Mixed Signals
China's manufacturing PMI slipped to 50.0 in May, ending two months of expansion. High-tech sectors thrive while exports and SMEs struggle.
—4 min read
Economy
Bpost CEO: Social Agreement a Step Forward, Work Remains
Bpost CEO Chris Peeters calls new social agreement an important step after weeks of strikes, but warns the company's transformation is far from complete.
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EconomyPolitics
Walloons Want Tax Cuts and More Spending, Survey Reveals
The 2026 National Budget Survey reveals 40% of Walloons prioritize tax cuts while demanding more state spending, challenging Belgium's austerity plans.
—4 min read
Economy
China Urged to Cut Export Tax Rebates as Surplus Hits Record
Chinese economists call for targeted cuts to export tax rebates after the trade surplus hit a record $1.2 trillion, sparking debate over export-led growth.
—4 min read
EconomyAgriculture
U.S. Cattle Herd at 75-Year Low, Driving Beef Prices Higher
The U.S. cattle herd has fallen to 86.2 million head, the smallest since 1951. Drought, screwworm, and consolidation are driving beef prices higher.
—6 min read
EconomyChina
China Financial Power Steady Under 15th Five-Year Plan
China advances financial power construction under the 15th Five-Year Plan with double-digit loan growth and 800 billion yuan in new policy instruments.
—4 min read
SocietyEconomy
Pessimism Spreads Among Belgians as Economic Anxiety Deepens
Nearly 7 in 10 Belgians believe the economy has worsened, a major national survey reveals, with sharp regional divides over government austerity measures.
—4 min read
Economy
Belgian Inflation Hits 4.08% in May as Energy Costs Bite
Belgium's inflation rose to 4.08% in May, driven by surging energy prices linked to the Middle East conflict. Diesel up 33.7%, airline tickets soar 69.1%.
—4 min read
Economy
U.S. Inflation Hits 3.8%, Fastest Pace in Three Years
The PCE price index rose 3.8% in April, the fastest since May 2023, driven by energy costs from the Iran war and straining household budgets.
—5 min read
EconomyBusiness
China Sees 20,000+ New Foreign Firms in Early 2026
China established over 20,000 new foreign-invested enterprises in Jan-Apr 2026, up 6.8% YoY. High-tech FDI surged 20.3% as overall FDI dipped.
—4 min read
EconomyChina
Shenzhen Population Hits 18 Million, Leads China in Growth
Shenzhen's permanent population exceeds 18 million for the first time, with 2025 growth of 259,000 ranking first among Chinese cities.
—4 min read
Economy
US Consumer Confidence Sinks as War-Driven Inflation Bites
Consumer confidence fell in May as gas prices topped $4.50/gallon and inflation hit 3.8%. The University of Michigan sentiment index hit a record low.
—5 min read
EconomyTechnology
China Unveils Six Network Roadmaps for Trillion-Yuan Markets
China's six network roadmaps target 7+ trillion yuan annually across water, power, computing, communication, pipeline, and logistics networks.
—4 min read
EconomyTechnology
China High-Tech FDI Surges 20.3% in First 4 Months of 2026
China's high-tech FDI grew 20.3% in Jan-Apr 2026, reaching 40.4% of total investment, signaling a shift toward innovation-driven sectors.
—4 min read
EconomyConsumer
Fuel Prices Force Americans to Cut Back Memorial Day Travel
Rising gas and jet fuel costs, driven by the Iran war, are reshaping Memorial Day travel as Americans opt for shorter trips and closer destinations.
—5 min read
Economy
China's Logistics Network Hits 630M Parcels, 160M Tons Daily
China's logistics network handles 630M parcels and 160M tons daily, making it the world's largest market. New Five-Year Plan targets 95% completion.
—4 min read
EconomyHousing
Belgian Mortgage Rates Hit 12-Year High: Buy Now or Wait?
Fixed mortgage rates in Belgium reach 4.13%, the highest in 12 years. Expert analysis on whether to buy a home now or wait amid geopolitical turmoil.
—4 min read
Economy & Finance
Fitch Affirms Belgium's A+ Rating with Stable Outlook
Fitch Ratings affirms Belgium's long-term credit rating at A+ with stable outlook, providing reassurance despite budget challenges and coalition talks.
—4 min read
EconomyEnergy
Gas Price Crisis Grips US Ahead of Memorial Day Weekend
National gas prices hit $4.55/gallon as Iran war disrupts oil supplies, California battles Chevron, and 45M Americans face costly holiday travel.
—6 min read
EconomyTrade
China Overtakes US as Germany's Top Investment Source
Chinese companies launched 228 investment projects in Germany in 2025, surpassing the US for the first time since 2017, a new GTAI report shows.
—4 min read
Economy
Middle East War Tightens Credit Squeeze on Belgian Firms
The Middle East conflict drives up borrowing costs for Belgian firms as credit tightens, inflation hits 4%, and growth forecasts are cut.
—4 min read
EconomyPolitics
Belgium's Triple Shock: Deficit, Indexation, and Sales Law
Belgium's deficit stabilizes at 5.2% as parliament votes on wage indexation caps and a court ruling upends the nation's sales period system.
—5 min read
EconomyReal Estate
Belgian Mortgage Rates Hit 12-Year High, Adding €30K to Cost
Belgian mortgage rates hit 4.13%, a 12-year high, adding €30,000 in extra interest for homebuyers. Geopolitical tensions and ECB policy drive the surge.
—4 min read
PoliticsU.S. News
US Daily Roundup: Iran War Vote, Wildfires, Primary Results
Senate advances bill to end Iran war as Cassidy flips; Sandy Fire forces 17K evacuations; Massie loses to Trump-backed challenger.
—5 min read
EconomyConsumer
Gas Prices Surge Past $4.80 Ahead of Summer Travel Season
Gas prices are surging past $4.80 per gallon ahead of summer travel, driven by the Iran war and Strait of Hormuz closure. Consumers face higher costs.
—4 min read
EconomyBusiness
Target Sales Surge, Schlitz Ends, Teen Jobs Hit Record Low
Target posts biggest sales jump in 4 years, Schlitz beer ends after 177 years, and teen summer jobs hit record lows in a complex U.S. economy.
—5 min read
Economy
Belgian Supermarket Prices Fall Despite Surging Inflation
Supermarket prices in Belgium are falling as inflation surges to 4.01%. An economist warns the situation is abnormal and predicts a price shock.
—5 min read