Japan’s economic growth beats expectations

Japan’s economy unexpectedly grew in the three months to March, shrugging off forecasts for a contraction in the world’s third largest economy.   The economy grew at an annualised 2.1% in the period, preliminary gross domestic product (GDP) data showed.   That beat analyst expectations for a 0.2% contraction, as…

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New warning over Italian economy

A senior adviser to the German government fears another European financial crisis could be brewing.   Dr Lars Feld, one of the German Council of Economic Experts, was one of the first last year to warn of a slowdown in Europe’s largest economy.   The German government expects expansion of…

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US delays tariffs on car imports

US President Donald Trump has delayed a decision on whether to impose tariffs on imports of cars and car parts.   The White House has put back the decision by six months to allow more time for trade talks with the European Union and Japan.   Tariffs of up to…

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UK economy rebounds in first quarter

The UK economy picked up in the first three months of the year after manufacturers’ stockpiling ahead of Brexit helped to boost growth.   Growth was 0.5% in the quarter, up from 0.2% in the previous three months, the Office for National Statistics said.   The manufacturing sector grew at…

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China hits back in trade war with US

China has said it will raise tariffs on $60bn of US goods from 1st June, extending a bilateral trade war.   The move comes three days after the US more than doubled tariffs on $200bn of Chinese imports.   The escalation hit stock markets, with Asia markets falling on Tuesday…

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