Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand's economy, especially when it comes to exports.David Clapp | Stone | Getty ImagesNew Zealand's prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific island nation signs an...
Category: Economy
Euro zone inflation rose to 2.4% in December, meeting expectations
A man rides bicycle on a snow-covered street after snowfall in Frankfurt am Main, western Germany, on December 29, 2024. Kirill Kudryavtsev | Afp | Getty ImagesAnnual inflation in the euro zone rose for a third straight month to reach 2.4% in December, statistics agency Eurostat said Tuesday.The preliminary reading was...
Trump reportedly considering important alteration to tariff plans
U.S. President-elect Donald Trump looks on during Turning Point USA's AmericaFest at the Phoenix Convention Center on December 22, 2024 in Phoenix, Arizona. Rebecca Noble | Getty ImagesPresident-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the focus to a select set of...
Key Fed inflation measure shows 2.4% rate in November, lower than expected
Prices barely moved in November but still held higher than the Federal Reserve's target when looked at from a year ago, according to a Commerce Department measure released Friday.The personal consumption expenditures price index, the Fed's preferred inflation gauge, showed an increase of just 0.1% from October. The measure indicated...
Iran faces dual crisis amid currency drop and loss of major regional ally
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018.Ali Mohammadi | Bloomberg | Getty ImagesIran is confronting its worst set of crises in years, facing a spiraling economy along with a series of...