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News Ticker
  • [ April 29, 2025 ] Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks Economic News
  • [ April 21, 2025 ] China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami? Economic News
  • [ April 15, 2025 ] U.K. Government Seizes Control of British Steel Plant Economic News
  • [ April 10, 2025 ] U.S. Tariffs on China Surge Past 100% as Trump Escalates Trade War – but why? Economic News
  • [ March 28, 2025 ] Can Defense and Housing Turn the Tide on Sluggish GDP Growth in the UK? Economic News
HomeThe Global Economy

The Global Economy

Economic News

China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami?

April 21, 2025 TheCuriousEconomist Comments Off on China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami?

China’s economy started 2025 with stronger-than-expected momentum, growing by 5.4% in Q1—comfortably above forecasts of 5.1%. It’s a solid showing for the world’s second-largest economy, especially as the full impact of U.S. tariffs under President […]

Economic News

U.S. Tariffs on China Surge Past 100% as Trump Escalates Trade War – but why?

April 10, 2025 TheCuriousEconomist Comments Off on U.S. Tariffs on China Surge Past 100% as Trump Escalates Trade War – but why?

A new chapter in the U.S.-China trade war is unfolding—and it’s one that economists fear could bring widespread economic pain. President Trump has announced tariffs of at least 104% on Chinese goods, the most severe […]

Economic News

Canada Pulls U.S. Alcohol from Shelves in Retaliation for Trump Tariffs

March 7, 2025 TheCuriousEconomist Comments Off on Canada Pulls U.S. Alcohol from Shelves in Retaliation for Trump Tariffs

The U.S.-Canada trade war is spilling over—literally. In response to Trump’s 25% tariffs on Canadian goods, several Canadian provinces, including Ontario, have removed U.S.-made alcohol from store shelves. The Liquor Control Board of Ontario (LCBO), […]

Economic News

Trump Slaps 25 percent Tariffs on Steel and Aluminum

February 11, 2025 TheCuriousEconomist Comments Off on Trump Slaps 25 percent Tariffs on Steel and Aluminum

President Donald Trump has reignited his trade war strategy, imposing sweeping 25% tariffs on all steel and aluminum imports. Unlike his first administration’s tariffs, which were justified on national security grounds, this time Trump is […]

Economic News

Round 2: China Hits Back with Retaliatory Tariffs and Economic Countermeasures

February 6, 2025 TheCuriousEconomist Comments Off on Round 2: China Hits Back with Retaliatory Tariffs and Economic Countermeasures

In a swift and strategic response to new U.S. tariffs, China has imposed its own levies on American goods while launching an antitrust investigation into Google. The move underscores the intensifying economic rivalry between the […]

Curious?

Why Does Trump Want Greenland? The Economics below the Ice

January 23, 2025 TheCuriousEconomist Comments Off on Why Does Trump Want Greenland? The Economics below the Ice

Greenland might not seem like a typical focus for the United States, yet it became a surprising headline when former President Donald Trump floated the idea of purchasing the vast Arctic territory. While the suggestion […]

Curious?

Nigeria Joins BRICS: What Does it Mean for the Global Economy?

January 20, 2025 TheCuriousEconomist Comments Off on Nigeria Joins BRICS: What Does it Mean for the Global Economy?

BRICS, the bloc of major developing economies, has welcomed Nigeria as its newest partner country. Originally formed in 2009 by Brazil, Russia, India, and China—later joined by South Africa in 2010—BRICS was established as a […]

Economic Growth

Saudi Arabia Bets Big on Mining with a $100 Billion Investment

January 16, 2025 TheCuriousEconomist Comments Off on Saudi Arabia Bets Big on Mining with a $100 Billion Investment

Saudi Arabia has unveiled a $100 billion investment to supercharge its mining sector, targeting critical minerals like lithium, nickel, and rare earth elements. This massive expenditure isn’t just about extracting resources—it’s a bold economic strategy […]

Balance of Payments

China’s Exports Surge as Global Demand Remains Strong, But Trade Tensions Loom

November 15, 2024 TheCuriousEconomist Comments Off on China’s Exports Surge as Global Demand Remains Strong, But Trade Tensions Loom

China’s exports surged by 12.7% in October, marking the fastest growth in over two years and outpacing analyst expectations of just 5.5% growth. The spike was fueled by strong demand for Chinese goods across major […]

Consumer and Business Behaviour

American Brands are Feeling the Squeeze as Sales Drop in China

November 5, 2024 TheCuriousEconomist Comments Off on American Brands are Feeling the Squeeze as Sales Drop in China

U.S. consumer giants are finding China a challenging market as slowing consumer spending and strong local competition impact sales. Tech titan Apple, coffee chain Starbucks, and sportswear giant Nike have all reported sales dips in […]

Economic News

Russia Slaps Google with an Unpayable Fine for Blocking State Media

November 1, 2024 TheCuriousEconomist Comments Off on Russia Slaps Google with an Unpayable Fine for Blocking State Media

In one of the largest fines ever imposed on a company, a Russian court has ordered Google to pay a staggering 2 undecillion roubles—a number so vast it’s hard to imagine, equaling about $20 decillion […]

Balance of Payments

China Slashes Tariffs for Developing Nations

October 30, 2024 TheCuriousEconomist Comments Off on China Slashes Tariffs for Developing Nations

Starting December, China will cut tariffs for goods from 43 of the world’s least developed nations, primarily across Africa and Asia. This policy means these countries can export products like crops, seafood, and raw materials […]

Economic Growth

Nvidia Supercharges India’s AI Future

October 25, 2024 TheCuriousEconomist Comments Off on Nvidia Supercharges India’s AI Future

Nvidia is making bold moves in India’s booming tech market! At their AI Summit in Mumbai, CEO Jensen Huang, joined by Bollywood superstar Akshay Kumar and Reliance’s Mukesh Ambani, announced major collaborations aimed at transforming […]

Economic Growth

World Bank Calls for Greater Debt Relief to Aid Developing Nations

October 18, 2024 TheCuriousEconomist Comments Off on World Bank Calls for Greater Debt Relief to Aid Developing Nations

World Bank President Ajay Banga has highlighted the urgent need for bilateral creditors to provide more debt relief to developing countries facing severe financial distress. Speaking ahead of the World Bank and International Monetary Fund […]

Consumer and Business Behaviour

Chery in Russia: Filling the Gap Left by Western Brands

October 10, 2024 TheCuriousEconomist Comments Off on Chery in Russia: Filling the Gap Left by Western Brands

Chinese automaker Chery has begun assembling vehicles in Russia, taking over production in three factories previously operated by Volkswagen, Mercedes, and Nissan. These factories had been vacated following the exodus of Western companies due to […]

Economic News

China Hits Back with Brandy Tariffs as Trade Tensions Escalate

October 9, 2024 TheCuriousEconomist Comments Off on China Hits Back with Brandy Tariffs as Trade Tensions Escalate

In the latest round of trade disputes, China has imposed new tariffs on European brandy imports, a move seen as retaliatory after the European Union levied tariffs on Chinese electric vehicles. French officials have criticized […]

Consumer and Business Behaviour

“Black Myth: Wukong” Breaks Records with 10 Million Sales in Just Three Days

August 26, 2024 TheCuriousEconomist Comments Off on “Black Myth: Wukong” Breaks Records with 10 Million Sales in Just Three Days

“Black Myth: Wukong,” a Chinese-developed action RPG, has achieved unprecedented success, selling over 10 million copies within just three days of its release. Developed by Game Science, this title has quickly climbed to the top […]

Curious?

Global Wealth Tax: A Potential $2 Trillion Boost for Climate Action

August 20, 2024 TheCuriousEconomist Comments Off on Global Wealth Tax: A Potential $2 Trillion Boost for Climate Action

Governments worldwide could raise over $2 trillion by adopting Spain’s wealth tax model, according to the Tax Justice Network. This additional revenue could play a crucial role in funding climate transition initiatives. The concept of […]

Aggregate Demand and Supply

India Set to Overtake Japan as World’s Third Largest Economy by 2025

April 29, 2024 TheCuriousEconomist Comments Off on India Set to Overtake Japan as World’s Third Largest Economy by 2025

India is poised to surpass Japan as the world’s third-largest economy by 2025, with a projected nominal GDP of $4.34 trillion compared to Japan’s $4.31 trillion. This forecast by the International Monetary Fund (IMF) comes […]

Consumer and Business Behaviour

EU Probes into Chinese Solar Firms for Possible Unfair Subsidies

April 8, 2024 TheCuriousEconomist Comments Off on EU Probes into Chinese Solar Firms for Possible Unfair Subsidies

The European Commission has initiated inquiries into two Chinese solar panel manufacturers amid concerns of potential government subsidies that contravene EU competition regulations. These investigations emerge as these firms vie for a contract to develop […]

Economic News

Global Dividends Reach New Heights: $1.66 Trillion Paid Out in 2023

March 15, 2024 TheCuriousEconomist Comments Off on Global Dividends Reach New Heights: $1.66 Trillion Paid Out in 2023

In a financial milestone, dividends paid out to shareholders worldwide soared to a record $1.66 trillion in 2023, reports British asset manager Janus Henderson. This remarkable growth, up 5% from the previous year, underscores the […]

Balance of Payments

UK Moves to Prevent Foreign Government Ownership of National Newspaper

March 14, 2024 TheCuriousEconomist Comments Off on UK Moves to Prevent Foreign Government Ownership of National Newspaper

The UK government is set to introduce a ban on foreign government ownership of British newspapers and news magazines. This decision follows the contentious proposed acquisition of the Daily Telegraph and the Spectator by RedBird […]

Basic Economic Concepts

Fizzled Out: Australia’s Soft Drink Shortage Due to CO2 Crunch

March 4, 2024 TheCuriousEconomist Comments Off on Fizzled Out: Australia’s Soft Drink Shortage Due to CO2 Crunch

Australian supermarkets are facing a notable shortage of soft drinks, leaving shelves surprisingly empty. The root of the issue? A significant shortage of carbon dioxide (CO2) on the east coast! This shortage stems from local […]

Consumer and Business Behaviour

Volkswagen and Xpeng Power Up for Electric Future in China

March 1, 2024 TheCuriousEconomist Comments Off on Volkswagen and Xpeng Power Up for Electric Future in China

Volkswagen has partnered with Xpeng, a renowned Chinese electric car manufacturer, in a strategic move to reclaim its foothold in the rapidly growing electric vehicle (EV) market in China. This collaboration aims to develop two […]

Economic Growth

India Unlocks Space Sector to Global Investors

February 27, 2024 TheCuriousEconomist Comments Off on India Unlocks Space Sector to Global Investors

The Indian government has taken a giant leap in the space sector by amending its Foreign Direct Investment (FDI) policy to encourage global participation. With the approval of the Union Cabinet, the space sector, including […]

Aggregate Demand and Supply

Is China Going Through Mexico to Bypass US Tariffs?

February 26, 2024 TheCuriousEconomist Comments Off on Is China Going Through Mexico to Bypass US Tariffs?

China appears to be rerouting its exports to the United States via Mexico, sidestepping the hefty tariffs established by the US. Recent trade data suggests a significant uptick in Chinese goods shipped to Mexico before […]

Consumer and Business Behaviour

Shein’s IPO Adventure: Navigating the Waters of Global Finance and Regulation

February 5, 2024 TheCuriousEconomist Comments Off on Shein’s IPO Adventure: Navigating the Waters of Global Finance and Regulation

In a recent move that’s caught the eyes of many, China has placed Shein, the global online retail giant, under the microscope as it prepares for an Initial Public Offering (IPO). This scrutiny isn’t just […]

Aggregate Demand and Supply

China’s Stumbling Economic Recovery

January 18, 2024 TheCuriousEconomist Comments Off on China’s Stumbling Economic Recovery

China’s economy grew by 5.2% in the fourth quarter of 2023, falling slightly short of the anticipated 5.3% growth and highlighting ongoing challenges in its economic recovery. Despite this, the full-year growth for 2023 reached […]

Consumer and Business Behaviour

China’s BYD Charges Ahead to Dethrone Tesla as EV Market Leader

January 16, 2024 TheCuriousEconomist Comments Off on China’s BYD Charges Ahead to Dethrone Tesla as EV Market Leader

China’s BYD (Build Your Dreams) has made a historic leap in the electric vehicle (EV) sector, surpassing Tesla to become the world’s largest EV maker. This shift signals a major transformation in the automotive industry, […]

Aggregate Demand and Supply

Japan Automakers Invest $4.3 Billion in Thailand’s EV Future

January 9, 2024 TheCuriousEconomist Comments Off on Japan Automakers Invest $4.3 Billion in Thailand’s EV Future

Major Japanese automotive manufacturers have pledged an investment of 150 billion baht ($4.34 billion) into Thailand over the next five years. This substantial investment is aimed at bolstering Thailand’s transition to electric vehicle (EV) production, […]

Consumer and Business Behaviour

Kentucky Bourbon Industry Braces for Potential 50% EU Tariff

December 11, 2023 TheCuriousEconomist Comments Off on Kentucky Bourbon Industry Braces for Potential 50% EU Tariff

Kentucky’s renowned bourbon industry is under threat of a substantial 50% tariff on exports to the European Union. This looming tariff, a potential outcome if the Biden Administration and EU do not finalize a trade […]

Consumer and Business Behaviour

Major Tax Breaks in Saudi to Boost Business Hub Ambitions

December 7, 2023 TheCuriousEconomist Comments Off on Major Tax Breaks in Saudi to Boost Business Hub Ambitions

Saudi Arabia has recently unveiled a compelling tax incentive program, providing a 30-year exemption from corporate income tax for foreign companies moving their regional headquarters to the Kingdom. This initiative is a part of Saudi […]

Consumer and Business Behaviour

Soaring Sugar Prices and The Global Economic Impact

November 23, 2023 TheCuriousEconomist Comments Off on Soaring Sugar Prices and The Global Economic Impact

The world is currently facing a significant surge in sugar prices, reaching levels unseen since 2011. This escalation, largely due to reduced global supplies following unfavorable weather in key sugar-exporting countries like India and Thailand, […]

Consumer and Business Behaviour

Made in India’ Rises as ‘Made in China’ Declines on US Retail Shelves

November 13, 2023 TheCuriousEconomist Comments Off on Made in India’ Rises as ‘Made in China’ Declines on US Retail Shelves

The global trade ecosystem is witnessing a seismic shift, with ‘Made in India’ labels becoming increasingly prominent on American shelves, a terrain once dominated by ‘Made in China’ products. This transformation, captured in a comprehensive […]

Consumer and Business Behaviour

WeWork Files for Bankruptcy Amidst Debt Challenges and Remote Work Shift

November 7, 2023 TheCuriousEconomist Comments Off on WeWork Files for Bankruptcy Amidst Debt Challenges and Remote Work Shift

WeWork, the co-working giant that once boasted a valuation of $47 billion, has filed for Chapter 11 bankruptcy. The company, which has been struggling with a net long-term debt of $2.9 billion and over $13 […]

Aggregate Demand and Supply

U.S. Treasury to Borrow $776 Billion in Q4

November 7, 2023 TheCuriousEconomist Comments Off on U.S. Treasury to Borrow $776 Billion in Q4

The U.S. Treasury Department is set to borrow a hefty $776 billion in the final quarter of 2023, a figure that’s slightly lower than the previous quarter’s record borrowing but still significant. This borrowing is […]

Aggregate Demand and Supply

Apple Braces for Potential Fourth Quarter Revenue Decline Amid Global Challenges

November 2, 2023 TheCuriousEconomist Comments Off on Apple Braces for Potential Fourth Quarter Revenue Decline Amid Global Challenges

Apple, the tech giant known for its iPhones and MacBooks, is bracing for its fourth consecutive quarterly revenue decline. As the company prepares to report its earnings, Wall Street anticipates a slight dip in sales […]

Consumer and Business Behaviour

Billionaire Tax: The Quest for Fairness!

October 24, 2023 TheCuriousEconomist Comments Off on Billionaire Tax: The Quest for Fairness!

Billionaires around the world might need to keep a closer eye on their bank accounts. A recent report by the EU Tax Observatory suggests that some of the world’s wealthiest individuals are paying little to […]

Balance of Payments

Nigeria’s Lithium Strategy: More Than Just Mining!

October 20, 2023 TheCuriousEconomist Comments Off on Nigeria’s Lithium Strategy: More Than Just Mining!

Nigeria is making strategic moves in the global lithium market. The country has tightened rules around mining its lithium minerals due to the increasing demand from foreign mining companies. The Nigerian government has mandated that […]

Aggregate Demand and Supply

Mexico’s ‘Super Peso’: More Money Sent, But Less to Spend!

October 19, 2023 TheCuriousEconomist Comments Off on Mexico’s ‘Super Peso’: More Money Sent, But Less to Spend!

Mexico, known for its rich culture and vibrant history, has recently seen a rise in remittances from abroad, making it the second-largest recipient after India. However, the Mexican currency, the peso, has been soaring, reaching […]

Aggregate Demand and Supply

U.S. Growth Up, Euro Zone Dips, and Global Economy ‘Limps Along’!

October 13, 2023 TheCuriousEconomist Comments Off on U.S. Growth Up, Euro Zone Dips, and Global Economy ‘Limps Along’!

The International Monetary Fund (IMF) has updated its economic forecasts for the year with the U.S. growth projection raised by 0.3 percentage points to 2.1%, compared to its July update, while the euro zone’s forecast […]

black and white dairy cow s head
Aggregate Demand and Supply

China Welcomes Colombian Beef: Brazil Braces for Market Shifts!

October 12, 2023 TheCuriousEconomist Comments Off on China Welcomes Colombian Beef: Brazil Braces for Market Shifts!

  China has given the green light to Colombia’s beef exports, marking a significant move in the international meat trade. This decision was communicated to Brazilian meatpacker Minerva, which owns two plants in Colombia. The […]

Balance of Payments

Colombia-Venezuela Trade: From Tensions to Billion-Dollar Ties!

September 28, 2023 TheCuriousEconomist Comments Off on Colombia-Venezuela Trade: From Tensions to Billion-Dollar Ties!

Trade relations between Colombia and Venezuela are on the rise, with projections indicating that trade could reach between $800 million and $1 billion this year. This optimistic forecast was shared by Colombia’s Trade Minister, German […]

IB Business Management Teaching resources
Aggregate Demand and Supply

China’s Capital Control Conundrum: A Bid to Boost Foreign Investment!

September 25, 2023 TheCuriousEconomist Comments Off on China’s Capital Control Conundrum: A Bid to Boost Foreign Investment!

China is making significant moves to attract foreign investment by easing its capital controls. In a bold step, China has allowed foreigners in its major cities, Shanghai and Beijing, to move their money freely in […]

Consumer and Business Behaviour

Apple’s China Wobble: When Politics Meets Tech!

September 8, 2023 TheCuriousEconomist Comments Off on Apple’s China Wobble: When Politics Meets Tech!

Apple has hit a snag in China with recent reports suggesting that Chinese government workers have been instructed to stay clear of iPhones. This news has caused Apple’s shares to tumble for two consecutive days, […]

Basic Economic Concepts

Arm’s Muscle Flex: A $50bn Chip Play on the Nasdaq!

September 7, 2023 TheCuriousEconomist Comments Off on Arm’s Muscle Flex: A $50bn Chip Play on the Nasdaq!

Arm Holdings, the UK-based chip designer, is gearing up for a significant move – they’re aiming for a market value of over $50bn (£40bn) as they prepare to sell shares to the public for the […]

Basic Economic Concepts

Kleenex to Wipe Away Its Canadian Operations

August 29, 2023 TheCuriousEconomist Comments Off on Kleenex to Wipe Away Its Canadian Operations

Kleenex, a household name for facial tissues, is saying goodbye to Canada due to “unique complexities,” as stated by Kimberly-Clark, the parent company of Kleenex. This decision highlights the importance of understanding market dynamics and […]

green and black circuit board
Balance of Payments

China’s Strategic Surge in Semiconductor Imports

August 27, 2023 TheCuriousEconomist Comments Off on China’s Strategic Surge in Semiconductor Imports

Data from Chinese customs shows that in June and July, the country imported nearly $5 billion worth of chip production tools, a 70% increase from the same period last year. Interestingly, most of these imports […]

Consumer and Business Behaviour

Swiss Voters Greenlight Global Minimum Tax and Ambitious Climate Law

June 20, 2023 TheCuriousEconomist Comments Off on Swiss Voters Greenlight Global Minimum Tax and Ambitious Climate Law

Swiss voters have made a significant decision to introduce a global minimum tax on businesses and a climate law targeting zero emissions by 2050. In a national referendum, 79% voted to raise the business tax […]

Consumer and Business Behaviour

Solar Power Shines: Clean Energy Investments Set to Eclipse Oil in 2023

June 9, 2023 TheCuriousEconomist Comments Off on Solar Power Shines: Clean Energy Investments Set to Eclipse Oil in 2023

According to a new report from the International Energy Agency (IEA), global investment in energy is expected to reach approximately $2.8 trillion in 2023, with over $1.7 trillion directed towards clean energy technologies such as […]

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Recent Posts

  • Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks
  • China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami?
  • U.K. Government Seizes Control of British Steel Plant
  • U.S. Tariffs on China Surge Past 100% as Trump Escalates Trade War – but why?
  • Can Defense and Housing Turn the Tide on Sluggish GDP Growth in the UK?
  • PepsiCo Plans $1.95 Billion Poppi Acquisition
  • South Africa Unveils $54.5 Billion Infrastructure Plan to Boost Growth
  • Canada Pulls U.S. Alcohol from Shelves in Retaliation for Trump Tariffs
  • U.S. Economy on Track for Contraction as Spending and Exports Decline
  • India’s Consumer Market Shrinks as Wealth Inequality Deepens

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Balance of Payments

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U.K. Government Seizes Control of British Steel Plant

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It’s a dramatic move—but one the U.K. government believes is essential for national economic security. In an extraordinary step, the government has taken control of British Steel’s Scunthorpe plant under emergency legislation to prevent its […]

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India’s Consumer Market Shrinks as Wealth Inequality Deepens

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India’s consumer market is far smaller than its population suggests, with only about 130-140 million people able to spend on non-essential goods, according to a report by Blume Ventures. Despite a population of 1.4 billion, […]

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