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Global News
07/08/2025
Good Evening
Global News Headline, Compiled by *RUDRA SHARES*
Thursday, 07 August 2025
*United States*
•Used Car Prices Fall in July
•US 10-Year Yield Holds Near 3-Month Low
•US Initial Claims Rise More than Expected
•US Q2 Productivity Growth Above Forecasts
•Trump’s ‘reciprocal’ tariffs come into effect, hitting dozens of U.S. trading partners
•Trump raises India tariffs to 50% over Russian oil purchases
•Trump vows 100% tariff on chips, unless companies are building in the U.S.
•Trump orders ‘new’ census that excludes undocumented immigrants
•Stocks jump after Trump’s chip tariffs have broad exemptions, Dow gains 200 points
•Intel shares drop after Trump calls for CEO to resign immediately
•Confused and concerned, CEOs get to grips with Trump’s new tariff regime
*Mexico*
•Auto Exports Continue to Rise
•Mexico’s Car Output Up for 2nd Month
*Brazil*
•Producer Prices Fall for 5th Month
*United Kingdom*
•UK 10-Year Yield Rebounds Further
•Bank of England Cuts Rates to 2-Year Low
•Bank of England Poised to Cut Rates to 2-Year Low
•British Pound rallies after Bank of England rate cut decision reveals divide on policy
*Serbia*
•National Bank of Serbia Leaves Rate Unchanged at 5.75%
*Cyprus*
•Consumer Prices Drop the Most Since 2021
*Croatia*
•Producer Inflation Eases in July
*Iceland*
•Unemployment Rate at 10-Month Low
*Singapore*
•Singapore’s Forex Reserves Dip Slightly in July
*Czech Republic*
•Czech National Bank Holds Policy Rate Steady
•Czech Republic Forex Reserves Drop in July
•Czech Republic Retail Sales Growth Slows
*Hong Kong*
•Hong Kong Foreign Reserves at 3-Month Low
*France*
•France Current Account Deficit Widens in June
•France Trade Deficit Steady in June
*Switzerland*
•Swiss Forex Reserves Largest in 4 Months
•Switzerland Jobless Rate Unchanged at 2.7% in July
*Thailand*
•Thailand Consumer Confidence at 2½-Year Low
*Germany*
•German Industrial Output Drops More Than Expected
*Sweden*
•Sweden Inflation Edges Up to 0.8% in July
*Norway*
•Norway Manufacturing Output Falls at Slower Pace
*Global Corporate*
•Toyota, world’s largest carmaker, cuts annual profit forecast by over $4 billion as U.S. tariffs bite
•Eli Lilly’s obesity pill led to around 12% weight loss in closely watched late-stage trial; shares drop
*China*
•China’s July exports top expectations, rising over 7%
•Imports record biggest jump in a year
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