Economy News

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...

Economy

Germany's Private Sector Shrinks in April: A Deep Dive into the PMI Decline

Germany's private sector activity declined in March, with the Composite PMI Output Index marking a four-month low. The Services PMI hit a 14-month low, while manufacturing showed s...

Economy

April Sees a Dip in Eurozone Business Activity: Manufacturing Holds Strong While Services Lag

In April, the Eurozone's business activity experienced a slight decline, with the services sector hitting a 5-month low while manufacturing showed unexpected resilience, reaching a...

Economy

UK's Private Sector Takes a Dive: April Sees Sharpest Drop in Business Activity in Over a Year

UK's private sector activity sharply declined in April, with PMI figures hitting lows not seen in over a year. Manufacturing and services sectors both experienced significant drops...