Economy News

Economy

DOGE Cuts $845M in Federal Contracts to Combat Wasteful Spending, Saves Millions

The United States Department of Government Efficiency (DOGE) has terminated 269 federal contracts worth $845 million to combat wasteful spending, saving $255 million immediately an...

Economy

UK's Bold Leap Towards Green Energy: Starmer Announces £300M Offshore Wind Project to Revolutionize Clean Power

British Prime Minister Keir Starmer announces a £300M offshore wind project to boost clean energy, alongside a £2B deal with Eni S.p.A for carbon capture, aiming to create jobs and...

Economy

BoE's Bailey Warns of Growth Shock from US Tariffs, Says UK Far from Recession

Bank of England Governor Andrew Bailey discusses the potential growth shock from US tariffs but reassures that the UK is not close to a recession, highlighting the need to balance ...

Economy

Canadian PM Mark Carney Defiantly Counters Trump's Threat to Exclude Canada from North American Auto Industry

Canadian Prime Minister Mark Carney responds to US President Donald Trump's threat to exclude Canadian cars from the North American auto market, asserting Canada's sovereignty over...

Economy

Canadian PM Mark Carney Defiantly Responds to Trump's Auto Industry Exclusion Threat

Canadian Prime Minister Mark Carney responds to US President Donald Trump's threat to exclude Canadian cars from the North American auto market, emphasizing Canada's sovereignty ov...

Economy

Germany's Economic Forecast for 2025: Stagnation Looms as Global Trade Tensions Rise

The German government expects economic stagnation in 2025, revising previous growth forecasts. With inflation projected to fall, concerns over US trade policies highlight potential...

Economy

March Sees a Stunning 9.2% Surge in US Durable Goods Orders, Signaling Economic Resilience

In March, US durable goods orders experienced a significant 9.2% increase, with transportation equipment leading the surge. Excluding transportation, orders were stable, while defe...

Economy

ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs

Joachim Nagel of the ECB suggests tariffs will have a stronger inflationary effect in the US than in Europe, with significant implications for economic growth, especially in German...