Economy News

Economy

US Oil Rig Count Rises Slightly to 483 Amidst Annual Decline, Baker Hughes Reports

The U.S. oil rig count slightly increased to 483, with a notable annual drop. Gas rigs also saw a minor rise, while Canada's rig count decreased. Baker Hughes provides the latest f...

Economy

UK and US Edge Closer to Historic Trade Deal: What It Means for Both Nations

UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discuss a trade agreement to boost economic prosperity, with the UK ready to remove trade barriers but firm on s...

Economy

SEC Chair Pledges to Unveil Clear Regulatory Framework for Cryptocurrency Market

SEC Chair Paul Atkins announces plans to establish clear regulations for the cryptocurrency market, addressing past regulatory uncertainties and fostering innovation.

Economy

Bank of Russia Holds Steady: Key Interest Rates Remain at 21% Amid Inflation Battle

The Bank of Russia keeps its key interest rates at 21% to combat inflation, aiming for a 4% target by 2026. Despite efforts, inflation remains high, with forecasts unchanged and do...

Economy

UK Chancellor Rachel Reeves Prioritizes EU Trade Over US, Citing Proximity and Partnership

British Chancellor Rachel Reeves emphasizes the UK's trade relationship with the EU as more crucial than with the US, citing proximity and partnership. Plans include meetings with ...

Economy

April's Sharp Decline in US Consumer Confidence Signals Economic Uncertainty Ahead

US consumer sentiment in April fell sharply, with a 8.4% monthly and 32.4% annual decline, signaling growing economic uncertainty. The Current Economic Conditions and Consumer Expe...

Economy

BoE's Megan Greene Expresses Uncertainty Over Future US Tariffs and UK Economic Challenges

Bank of England's Megan Greene discusses the uncertainty of future US tariffs, UK economic challenges, and potential trade diversions from China, highlighting concerns over supply ...

Economy

Inflation in Russia Expected to Decline by May, Central Bank Governor Nabiullina Announces

Russian Central Bank Governor Elvira Nabiullina forecasts a decline in inflation by May, with a cautious stance on monetary policy. The bank maintains a 21% interest rate to stabil...