Economy News

Economy

Eurozone Economy Shows Resilience with 0.4% GDP Growth in Early 2025

The Eurozone's GDP grew by 0.4% in Q1 2025, with the EU expanding by 0.3%. Ireland, Lithuania, and Spain showed significant growth, while Austria, Hungary, and Germany experienced ...

Economy

Italy's Inflation Slightly Rises to 2% in April, Fueled by Energy and Food Prices

Italy's inflation rate rose to 2% in April, driven by increases in energy, transport, and food prices. The CPI increased by 0.2% month-over-month, with core prices up 2.1% yearly.

Economy

EU Unveils €910 Million Defense Modernization Plan to Boost Security and Innovation

The European Commission announces a €910 million investment under the 2024 European Defence Fund to modernize Europe's defense industry, involving Ukrainian defense sectors for the...

Economy

President Xi Jinping Calls for Strategic Innovation as China Prepares for the 15th Five-Year Plan

Chinese President Xi Jinping emphasizes strategic innovation and adaptation as China prepares for the 15th Five-Year Plan, highlighting the need to address global changes and trade...

Economy

EU Allocates €910 Million for Defense Modernization: A Leap Towards AI Drones and Stealth Tech

The European Commission invests €910 million in defense modernization, focusing on AI drones and stealth technologies, with Ukrainian industries joining EDF projects for the first ...

Economy

UK House Prices Slow Down: Annual Growth Drops to 3.4% in April Amid Stamp Duty Changes

UK house prices grew by 3.4% annually in April, down from 3.9% in March, with a monthly decline of 0.6%. Experts attribute the slowdown to stamp duty changes, predicting a softer m...

Economy

Surprising 2.2% Surge in German Retail Sales Marks a Strong March Performance

Germany's retail sales in March saw a 2.2% real-term annual increase, with food retail growing slightly and non-food retail showing significant annual growth despite a monthly dip.

Economy

France's Inflation Rate Holds Steady at 0.8% in April, What's Behind the Numbers?

France's inflation rate stayed at 0.8% in April, unchanged from March, with a 0.5% monthly increase. The stability is due to rising service and food prices, offset by falling energ...