Economy News

Economy

German Business Activity Faces Setback in April as Services Sector Contracts

In April, Germany's services sector contracted, with the PMI Business Activity Index falling below 50.0 for the first time since November, indicating a 14-month low. The Composite ...

Economy

Eurozone's Economic Momentum Wanes in April as Services Sector Stagnates

The Eurozone's private sector growth slowed in April, with the services sector nearly stagnating. Despite a slight uptick in manufacturing, the overall economic momentum waned, as ...

Economy

Swiss National Bank on High Alert: Ready to Intervene as Franc Strengthens

Swiss National Bank Chairman Martin Schlegel reaffirms the bank's readiness to intervene in the forex market to counter the Swiss franc's appreciation, aiming to protect economic s...

Economy

UK Service Sector Faces Steep Decline in April Amid Global Economic Uncertainty

The UK service sector experienced a notable slowdown in April, with the services PMI falling to 49.0, indicating contraction for the first time in 18 months. This downturn was attr...

Economy

Eurozone and EU Witness a Significant 1.6% Drop in Producer Prices in March

In March, the Eurozone and EU saw a 1.6% drop in producer prices, with energy prices falling sharply. However, annual figures show a rise, indicating a complex economic landscape.

Economy

March Sees a Significant Narrowing of Canada's Trade Deficit Amid Global Economic Shifts

Canada's trade deficit narrowed to 942 million Canadian dollars in March from 2.1 billion in February, with exports and imports both seeing declines. The goods trade deficit improv...

Economy

EU Unveils Bold Strategy to Eliminate Russian Gas Dependency by 2027, Amid Rising Imports

The European Commission announces a comprehensive plan to end reliance on Russian energy by 2027, focusing on gas, oil, and nuclear materials to enhance EU security and independenc...

Economy

India Celebrates Historic UK Trade Deal: 99% of Exports to Enjoy Zero-Duty Access

India's Trade Ministry celebrates a historic free trade agreement with the UK, offering 99% of Indian exports zero-duty access to the British market, boosting sectors like textiles...