Browsing: economic policy

Belgium will cut €500 million from its civil service by limiting staff replacements and raising pension contributions under its 2026 federal budget plan.

EU Council and Parliament reached a deal to modernize trade rules linking market access to human rights, environment, and migration standards.

US President Trump announced a new trade deal with Japan, introducing a 15 percent tariff and a claimed US$550 billion Japanese investment.

US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial stability.

The EU considers retaliatory action if the US enforces tariffs on steel and aluminum, stating such measures are unjustified and urging Washington to provide official details.

Moscow rebuffed Trump’s claims on BRICS forming a currency, asserting that the group is prioritizing joint investments rather than replacing the U.S. dollar in global trade.

UK Prime Minister Keir Starmer announces plans for increased taxes on the wealthy to address longstanding economic issues.

Following Powell’s remarks, the 10-year Treasury yield remains unchanged, signaling market anticipation of rate cuts.