With imports increasing by modestly more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of March. The Commerce Department said the trade deficit grew to $60.3 billion in March from a revised...
The non-oil private sector economy in the UAE expanded at the weakest pace in more than five years amid inflationary pressures and supply chain constraints caused by the Middle East war. The purchasing managers' index for the non-oil private sector economy dropped to 52.1 in April from 52.9 in March. Nonetheless, a score above 50 indicates expansion in the sector.
The Reserve Bank of Australia raised its key interest rate by a quarter basis point for the third straight meeting as inflation is expected to remain above the target as the war in the Middle East pushed up fuel prices. The RBA policy board, led by Governor Michele Bullock, decided to lift the cash rate target by 25 basis points to 4.35 percent in a split vote on Tuesday, in line with economists
UK car registrations are expected to hit two million this year, reflecting improving confidence in the market despite weaker expectations for electric vehicle demand, the Society of Motor Manufacturers and Traders said Tuesday. Total new car registrations are expected to rise 3.6 percent to 2.093...
Indonesia's economy grew at the fastest pace in more than three years in the first quarter as government stimulus measures supported the nation amid the adverse effects of the war in the Middle East. Gross domestic product logged an annual growth of 5.61 percent in the first quarter, surpassing the 5.39 percent expansion registered in the fourth quarter, Statistics Indonesia said Tuesday.
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.