Economy News

Economy

Exclusive: WEF Launches Probe into Founder Klaus Schwab Over Alleged Misuse of Funds

The World Economic Forum investigates its founder Klaus Schwab over allegations of fund misappropriation, following his sudden resignation. A whistleblower letter and a WSJ report ...

Economy

US Mortgage Applications Witness a Sharp 12.7% Drop Amid Economic Uncertainty

The US mortgage applications dropped by 12.7% in a week, with key indexes showing significant declines and interest rates rising, attributed to economic uncertainty and rate volati...

Economy

US Mortgage Applications Take a Dramatic 12.7% Dive Amid Economic Uncertainty

The US mortgage applications plummeted by 12.7% in a week, with significant drops in market, purchase, and refinance indices, amid rising interest rates and economic uncertainty.

Economy

Exclusive: WEF Launches Investigation into Founder Klaus Schwab Over Alleged Misuse of Funds

The World Economic Forum has launched an investigation into its founder Klaus Schwab following allegations of fund misappropriation. A whistleblower letter prompted the probe, lead...

Economy

Germany's Private Sector Slump Deepens in April: A Closer Look at PMI Figures

Germany's private sector activity shows a significant downturn in March, with the Composite PMI Output Index falling to a four-month low. The Services PMI hits a 14-month low, whil...

Economy

April Sees a Dip in Eurozone Business Activity: Manufacturing Resilience vs. Service Sector Slump

The Eurozone's business activity showed a slight decline in April, with the services sector hitting a 5-month low while manufacturing surprisingly resilient, reaching a 27-month hi...

Economy

UK's Private Sector Faces Sharp Decline in April Amid Global Demand Slump and Rising Costs

The UK's private sector activity experienced a sharp decline in April, with the composite PMI dropping to 48.2, the lowest since November 2022. Manufacturing and services sectors b...

Economy

Eurozone Construction Output Takes a Hit: A 0.5% Drop in February Sparks Economic Concerns

The Eurozone's construction output fell by 0.5% in February, with the EU seeing a 0.4% decrease. Year-over-year, there was a slight increase. Sector-specific declines were noted, w...