Economy News

Economy

Rachel Reeves Highlights Stronger UK-EU Trade Ties Over US Relations in Recent Statement

British Chancellor Rachel Reeves underscores the UK's focus on strengthening trade ties with the EU, highlighting meetings with European finance ministers and an upcoming summit to...

Economy

Bank of Russia Holds Firm on High Interest Rates Amid Persistent Inflation Concerns

The Bank of Russia keeps its key interest rate at 21% to tackle inflation, aiming for a 4% target by 2026. Inflation is forecasted between 7%-8% for 2025, with current rates at 8.3...

Economy

Unexpected Dip in Canadian Retail Sales: A Closer Look at February's 0.4% Decline

Canada's retail sales fell by 0.4% in February, with core sales excluding certain sectors up by 0.5%. Motor vehicle sales dropped significantly, while gasoline sales saw a minor in...

Economy

Unexpected Dip: Canadian Retail Sales Slide 0.4% in February Amid Mixed Sector Performance

Canada's retail sales fell by 0.4% in February, with motor vehicle sales dropping sharply. However, core retail sales excluding volatile sectors rose by 0.5%, and March estimates p...

Economy

Bank of Russia Maintains Key Rates at 21% Amid Inflation Concerns and Economic Adjustments

The Bank of Russia keeps its key interest rates steady at 21%, aiming to curb inflation to 4% by 2026. Inflation forecasts for 2025 remain at 7%-8%, with Q1 averaging 8.3%. Challen...

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 fight inflation, aiming for a 4% target by 2026. Inflation forecasts remain unchanged, with high expectations and domestic...

Economy

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

The Bank of Russia has decided to keep its key interest rates at 21%, aiming to control inflation and reach a 4% target by 2026 through tight monetary policies.

Economy

March Sees a Surprising 2.6% Surge in UK Retail Sales, Outpacing Expert Predictions

The UK's retail sales volumes surged by 2.6% in March 2025 year-on-year, outperforming analysts' forecasts. Monthly sales rose by 0.4%, with notable increases in textile clothing a...