Economy News

Economy

Treasury Secretary Scott Bessent Advocates for Energy Diversity to Fuel Global Economic Growth

US Treasury Secretary Scott Bessent emphasizes the link between energy abundance and economic growth, applauds the World Bank's support for nuclear energy, and calls for technologi...

Economy

US Treasury Secretary Advocates for Global Collaboration Under 'America First' Policy

US Treasury Secretary Scott Bessent clarifies the 'America First' policy is not about isolation but seeking fairness and collaboration in international trade, while calling for ref...

Economy

UK Eager to Eliminate Trade Barriers with US, Chancellor Reeves Announces at Global Summit

British Chancellor Rachel Reeves announced the UK's readiness to remove trade barriers with the US at the Semafor World Economy Summit, highlighting a mutual interest in a free and...

Economy

US Crude Oil Inventories See Slight Increase Amid Refinery Activity Surge

The EIA reports a slight increase in US crude oil inventories to 443.1 million barrels, with refinery inputs up by 326,000 barrels per day. Gasoline production rises as imports fal...

Economy

Treasury Secretary Scott Bessent Champions Nuclear Energy for Global Economic Growth

U.S. Treasury Secretary Scott Bessent advocates for nuclear energy and technological neutrality in global energy investments to spur economic growth, following the World Bank's upd...

Economy

Treasury Secretary Bessent Advocates for Global Collaboration Under 'America First' Policy

US Treasury Secretary Scott Bessent, speaking at the IIF, emphasized that 'America First' aims for fair international economic systems through global collaboration, not isolation. ...

Economy

Exclusive: WEF Launches Investigation Into Founder Klaus Schwab Over Misuse of Funds Allegations

The World Economic Forum has launched an investigation into its founder Klaus Schwab following allegations of fund misuse, prompted by a whistleblower letter. Schwab resigned amid ...

Economy

Sharp 12.7% Drop in US Mortgage Applications Signals Economic Uncertainty

The US mortgage applications plummeted by 12.7% in a week, with key indexes showing significant declines and interest rates on the rise, reflecting economic uncertainty and its imp...