Economy News

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...

Economy

Germany Sees a Slight Dip in Unemployment Rate to 6.3% in April Amid Economic Adjustments

Germany's unemployment rate slightly decreased to 6.3% in April from 6.4% in March, with 2.9 million unemployed residents. The underemployment rate also showed changes, indicating ...

Economy

Germany's Economy Shows Resilient Growth with a 0.2% Rise in Q1 Amid Challenges

Germany's economy experienced a modest growth of 0.2% in Q1, with a year-on-year decline of 0.4%. The report highlights increased household spending and capital formation as positi...