Economy News

Economy

EU Unveils €910 Million Defense Fund to Modernize Military Tech and Support Ukraine

The European Commission is investing €910 million in the 2024 European Defence Fund to modernize defense technologies and support Ukraine, marking a significant step in EU's defens...

Economy

US Mortgage Applications Dip by 4.2% Amid Economic Uncertainty and Labor Market Weakness

Mortgage applications in the U.S. fell by 4.2% last week, as per the MBA survey, with economic uncertainty and labor market concerns slowing home purchase activities to the lowest ...

Economy

US Mortgage Applications Plummet by 4.2% Amid Economic Uncertainty and Labor Market Weakness

Mortgage applications in the U.S. fell by 4.2% last week, with economic uncertainty and labor market weakness cited as key factors. The average interest rate for 30-year fixed-rate...

Economy

Germany's Retail Sector Shows Resilience with a 2.2% Sales Increase in March

Germany's retail sales in March saw a 2.2% real-term increase year-on-year, with food retail growing slightly and non-food retail showing mixed results. Nominal sales, however, dec...

Economy

France's Inflation Holds Steady at 0.8% in April: What's Driving the Numbers?

France's inflation rate stayed at 0.8% in April, with service prices rising but energy costs falling. The HCPI is expected to grow by 0.8% yearly and 0.6% monthly.

Economy

Germany's Unemployment Rate Drops to 6.3% in April, Marking a Slight Improvement

Germany's unemployment rate slightly decreased to 6.3% in April from 6.4% in March, with the number of unemployed residents falling by 36,000 month-on-month but rising by 182,000 y...

Economy

Germany's Economy Shows Resilient Growth with a 0.2% Rise in Q1 Despite Annual Dip

Germany's economy experienced a 0.2% growth in Q1, as reported by Destatis, despite a yearly decline of 0.4%. The increase in household consumption and capital formation indicates ...

Economy

Italy's Economy Shows Resilience with a 0.6% GDP Growth in Q1 2025

Italy's GDP grew by 0.6% in Q1 2025, with positive contributions from agriculture and industry sectors, while services remained stable. Domestic demand rose, but net exports had a ...