News for people and friends
The Reserve Bank of Australia has cut the cash rate by 25 basis points to 4.1%, marking its first rate cut since November 2020. The bank remains cautious about further easing due to upside risks.
Chinese Vice Premier He Lifeng encourages Japanese companies to invest in China, emphasizing win-win cooperation during a meeting with a Japanese business delegation in Beijing.
President Xi Jinping highlights support for private businesses at Beijing symposium, promising policies to boost innovation and growth.
Brazilian scholar Marcos Cordeiro Pires urges the Global South to reshape globalization towards inclusivity and equity.
President Trump’s plan to impose new tariffs may harm the U.S. economy, leading to job losses and higher consumer prices, experts warn.
Mexico is weighing its response after U.S. President Donald Trump imposed 25% tariffs on steel and aluminum imports, a move that could significantly impact Mexico’s economy.
China’s consumer prices climbed 0.5% in January, spurred by increased spending during the Chinese New Year holiday, according to official data. The festive season boosted demand, driving up the inflation rate.
U.S. tariffs are pushing BRICS nations—Brazil, Russia, India, China, and South Africa—toward stronger trade ties, offering new opportunities for the Global South.
Mexico strengthens trade ties with the European Union to diversify its economy amid global uncertainties.
China pledges to protect its interests against unilateral trade measures, urging dialogue to resolve disputes.