Economy News

Economy

Switzerland's Unemployment Holds Steady at 2.8% in April, Youth Figures Show Slight Improvement

Switzerland's unemployment rate remained at 2.8% in April, unchanged from March. The number of unemployed rose slightly, while youth unemployment saw a minor improvement. Job avail...

Economy

Switzerland's Unemployment Rate Holds Steady at 2.8% in April Amid Economic Shifts

Switzerland's unemployment rate remained at 2.8% in April, unchanged from March. However, the number of unemployed rose by 1.4% monthly and 21.6% yearly. Youth unemployment slightl...

Economy

Chinese Exporters Innovate to Bypass Hefty US Tariffs, Offering Duty-Paid Deals

Chinese exporters are offering innovative solutions like misstating goods' value and covering import charges to help US buyers avoid high tariffs, amidst escalating trade tensions ...

Economy

China's Services Sector Growth Slows in April Amid Trade Tensions, PMI Drops to 50.7

China's services sector growth slowed in April with PMI dropping to 50.7, indicating expansion but at a weaker pace. Trade tensions with the US have limited market improvements, af...

Economy

China's Services Sector Growth Slows in April Amid Trade Tensions, PMI Dips to 50.7

China's services sector expanded at a weaker pace in April, with the Caixin PMI slipping to 50.7, indicating growth but below expectations. Trade tensions with the US have limited ...

Economy

Erste Group Strikes a Landmark €7 Billion Deal with Santander to Expand in Poland

Erste Group Bank AG has entered into a €7.0 billion agreement with Banco Santander, acquiring significant stakes in Santander Bank Polska Group and Santander Towarzystwo Funduszy I...

Economy

April Sees a Significant Drop in US Composite PMI, Signaling Economic Slowdown

The US Composite PMI fell to 50.6 in April, below expectations and the lowest since September 2023, with the services sector also showing significant weakness, signaling potential ...

Economy

US Services Sector Shows Resilient Growth in April, ISM Reports Positive Shift

The US service sector experienced growth in April, with the PMI rising to 51.6%, indicating expansion. Key indexes showed mixed results, including a rise in new orders but a contin...