Economy News

Economy

UK Eager to Strengthen Ties: Chancellor Rachel Reeves Signals Readiness to Eliminate US Trade Barriers

British Chancellor Rachel Reeves announces UK's readiness to remove trade barriers with the US, emphasizing a balanced and fair trade deal that benefits both nations. The move sign...

Economy

Sharp 12.7% Drop in US Mortgage Applications Signals Economic Uncertainty

The US mortgage applications dropped by 12.7% in a week, with key indexes showing significant declines. Economic uncertainty and rate volatility are cited as major factors affectin...

Economy

March Sees a Surprising 7.4% Jump in US New Home Sales, Signaling Market Resilience

New single-family home sales in the US rose by 7.4% in March, with 724,000 units sold, indicating a strong housing market. Inventory increased slightly, while median prices saw a d...

Economy

April Sees a Significant Slowdown in US Private Sector Activity, Reaching a 16-Month Low

The US private sector activity slowed significantly in April, with the PMI Composite Output Index hitting a 16-month low. Services saw a decline, while manufacturing slightly impro...

Economy

IMF Forecasts a Sharp Rise in Global Public Debt to Near 100% of GDP by 2030

The IMF predicts global public debt will rise to 95% of GDP by 2025, potentially nearing 100% by 2030, amid uncertainties in trade policies. The US budget deficit is expected to de...

Economy

ECB's Nagel Warns: Germany Faces Potential Recession in 2025 Amid Economic Challenges

ECB's Joachim Nagel discusses Germany's economic prospects, highlighting the risk of a 2025 recession but expressing long-term optimism. He praises fiscal stimulus efforts and call...

Economy

Treasury Secretary Scott Bessent Advocates for Energy Diversity to Fuel Global Economic Growth

US Treasury Secretary Scott Bessent emphasizes the link between energy abundance and economic growth, applauds the World Bank's support for nuclear energy, and calls for technologi...

Economy

US Treasury Secretary Advocates for Global Collaboration Under 'America First' Policy

US Treasury Secretary Scott Bessent clarifies the 'America First' policy is not about isolation but seeking fairness and collaboration in international trade, while calling for ref...