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Today: April 28, 2025
Today: April 28, 2025

economic growth

Business|Economy|Travel|World

China lowers minimum amount for tax refunds for tourists to boost spending

China has lowered the minimum amount tourists spend to get tax refunds as part of measures to boost consumption as its economy comes under pressure during a trade war between Beijing and Washington

China lowers minimum amount for tax refunds for tourists to boost spending
Business|Economy|Finance|World

China's Q1 industrial profits return to growth amid tariff woes

China's industrial profits returned to growth in the first quarter, official data showed on Sunday, but are likely to come under further pressure amid a trade war with the United

China's Q1 industrial profits return to growth amid tariff woes
Business|Economy|Finance|World

Pakistan requests extra 10 billion yuan on China swap line, says finance minister

Pakistan has put in a request to China to augment its existing swap line by 10 billion yuan ($1.4 billion), Finance Minister Muhammad Aurangzeb said, adding

Pakistan requests extra 10 billion yuan on China swap line, says finance minister
Business|Economy|Environment|Science|Technology

Big Tech's soaring energy demands are making coal-fired power plant sites attractive

Coal-fired power plants, long a money-losing proposition in the U.S., are becoming more valuable now

Big Tech's soaring energy demands are making coal-fired power plant sites attractive
Africa|Business|Economy|Finance|World

South Africa 2025 economic growth forecast cut to 1.5% on tariff worries: Reuters poll

South African economic growth will be a bit weaker this year than thought a month ago partly due to trade tensions, with U.S.

South Africa 2025 economic growth forecast cut to 1.5% on tariff worries: Reuters poll
Business|Economy|Europe|World

Germany's fiscal shift will offset trade drag starting in 2026, IMF official says

Germany's fiscal expansion will boost its economy starting in 2026 after years of weak growth, offsetting the increased drag from U.S. tariffs, Oya Celasun,

Germany's fiscal shift will offset trade drag starting in 2026, IMF official says
Business|Economy|Europe|Technology

Workers could save 122 hours a year by adopting AI in admin tasks, says Google

Britain could gain 400 billion pounds ($533 billion) from AI-driven growth if it trained its workforce, Google said, after a pilot scheme in the UK showed workers

Workers could save 122 hours a year by adopting AI in admin tasks, says Google
Business|Economy|Finance|World

Finland plans tax cuts to boost economy; to cut corporate tax to 18% from 20%

Finland's government announced tax breaks for companies and employees in an attempt to boost the country's ailing economy in a mid-term budget review it completed late on Wednesday

Finland plans tax cuts to boost economy; to cut corporate tax to 18% from 20%
Business|Economy|Europe|World

What are Ukraine's GDP warrants and why are they creating problems for Kyiv?

Ukraine on Thursday said talks with holders of its $3.2 billion worth of GDP-linked debt had concluded without an agreement.

What are Ukraine's GDP warrants and why are they creating problems for Kyiv?
Asia|Business|Economy|Finance|World

Asian central banks have space to ease rates to soften US tariff hit, IMF official says

Many Asian central banks have room to ease monetary policy to cushion the blow to their economies from U.S. tariffs, a senior International Monetary Fund official

Asian central banks have space to ease rates to soften US tariff hit, IMF official says
Asia|Business|Economy|Finance|World

Indonesia expects steady 5% growth in 2025 amid ongoing trade tensions

Indonesia's economic growth this year will likely stay around 5% despite trade tensions, its finance minister said on Thursday, stressing a

Indonesia expects steady 5% growth in 2025 amid ongoing trade tensions
Business|Economy|Finance|Stock Markets|World

Malaysia will need to revise down growth forecast, central bank governor says

Malaysia will need to mark down its growth forecast of 4.5% to 5.5% for the year due to trade and tariff uncertainties, its central bank governor said. 

Malaysia will need to revise down growth forecast, central bank governor says
Business|Economy|Finance

Global roundtable sees rising debt risks for low-income countries as uncertainty mounts

More work is needed to improve the sovereign debt restructuring process and help countries facing mounting debt service challenges, the chairs of a global debt

Global roundtable sees rising debt risks for low-income countries as uncertainty mounts
Business|Economy|Finance|Stock Markets|World

Indonesia central bank holds policy rates to keep rupiah stable

Indonesia's central bank held policy rates steady for a third consecutive review on Wednesday, as expected, aiming to maintain rupiah exchange

Indonesia central bank holds policy rates to keep rupiah stable
Business|Economy|Finance|Stock Markets|World

India's interest rate setters back growth-supportive monetary policy

Inflation in India is expected to stay near target this fiscal year, providing space to support growth through further monetary easing, members of the

India's interest rate setters back growth-supportive monetary policy
Asia|Business|Economy|Finance|World

Sri Lanka's economy to grow 3.5% in 2025 despite US tariff headwinds, World Bank says

Sri Lanka is on track to post growth of 3.5% this year, the World Bank said in its latest report on Wednesday, unchanged from its October forecast, but faces

Sri Lanka's economy to grow 3.5% in 2025 despite US tariff headwinds, World Bank says
Business|Economy|Finance

Turkey's Finance Minister Simsek says spending discipline will be maintained

Turkish Finance Minister Mehmet Simsek said on Tuesday the country's spending discipline will continue even with downside risks to economic growth estimates.

Turkey's Finance Minister Simsek says spending discipline will be maintained
Business|Economy|Finance

Mexico's annual inflation seen slowing in the first half of April: Reuters poll

Mexico's annual inflation likely slowed in the first half of April, a Reuters poll on Tuesday showed, supporting chances that the central bank will again cut its key rate by

Mexico's annual inflation seen slowing in the first half of April: Reuters poll
Asia|Business|Economy|Political|World

IMF cuts Japan's growth forecast as Trump tariffs bite

The International Monetary Fund on Tuesday cut its economic growth forecast for Japan and projected the central bank would lift interest rates at a slower-than-

IMF cuts Japan's growth forecast as Trump tariffs bite
Business|Economy|Europe|Finance|Political

IMF chops UK growth forecast as Trump tariffs hit global economy

Britain's economic growth forecast for 2025 received the sharpest downgrade of any major European economy from the International Monetary Fund on Tuesday as

IMF chops UK growth forecast as Trump tariffs hit global economy
Asia|Business|Economy

Indian economy less vulnerable to global headwinds, says cenbank

India's economy is relatively less vulnerable to global headwinds, and calibrated policy support could help the country turn current volatility into an opportunity, the Reserve Bank

Indian economy less vulnerable to global headwinds, says cenbank
Business|Economy|Europe|Finance|Political

Euro zone firms were seeing improved business momentum before tariffs, ECB says

Euro zone firms were reporting improved business momentum in the weeks leading up to the Trump administration's early April tariff announcement, mainly reflecting an incipient

Euro zone firms were seeing improved business momentum before tariffs, ECB says
Business|Economy|Europe|Finance

ECB survey sees inflation stabilising at 2%

Euro zone inflation could be a touch higher this year than earlier thought but will then stabilise at the European Central Bank's 2% target, the bank's Survey of Professional

ECB survey sees inflation stabilising at 2%
Business|Economy|Finance|US

US leading indicator declines sharply in March amid tariffs

A gauge of future U.S. economic activity fell sharply in March, potentially flagging tepid growth this year amid tariffs.

US leading indicator declines sharply in March amid tariffs