Economy News

Economy

Eurozone's Business Activity Takes a Hit in April: A Closer Look at the Declining PMI Indexes

The Eurozone's business activity saw a decline in April, with the Composite PMI Output Index hitting a 4-month low. The services sector weakened significantly, while manufacturing ...

Economy

UK's Private Sector Faces Sharp Decline in April: A Deep Dive into PMI Figures

The UK's private sector activity saw a sharp decline in April, with PMI figures dropping significantly. Manufacturing and services sectors both reported lows, attributed to global ...

Economy

Eurozone Construction Output Takes a Hit: February Sees a 0.5% Decline

In February, the Eurozone's construction output decreased by 0.5%, with the EU seeing a 0.4% drop. Despite this, year-on-year figures show slight growth. Sector-specific declines w...

Economy

Eurozone's Trade Surplus Soars to €24B in February, Marking a Significant Economic Upturn

The Eurozone's trade surplus surged to €24 billion in February, with exports and imports both showing significant annual growth, indicating a robust economic recovery and resilienc...

Economy

Exclusive: WEF Launches Probe into Former Chair Klaus Schwab Over Alleged Misuse of Funds

The World Economic Forum investigates former Chair Klaus Schwab following allegations of fund misuse. A whistleblower letter prompted the probe, leading to Schwab's immediate resig...

Economy

Sharp 12.7% Drop in US Mortgage Applications Amid Economic Uncertainty

The US mortgage applications plummeted by 12.7% in the week ending April 18, with key indexes showing significant declines and interest rates on the rise, attributed to ongoing eco...

Economy

ECB's Nagel Warns: Germany Faces Potential Recession in 2025 Amid Economic Challenges

ECB's Joachim Nagel discusses Germany's potential recession in 2025, praising fiscal stimulus and addressing global economic challenges, including responses to US tariff policies a...

Economy

ECB's Nagel Warns: Germany Faces Potential Recession in 2025 Amid Economic Challenges

ECB's Joachim Nagel warns of a potential recession in Germany by 2025 but remains hopeful for the economy's improvement. He discusses fiscal stimulus impacts, inflation, and respon...