Economy News

Economy

U.S. Job Market Shows Resilience: Initial Jobless Claims Drop to 215,000

The U.S. Department of Labor reports a decrease in initial jobless claims to 215,000, alongside a slight rise in the total number of unemployed individuals, indicating mixed signal...

Economy

March Sees a Sharp 11.4% Decline in US Housing Starts Amid Fluctuating Market Trends

The US housing market experienced an 11.4% drop in starts in March, with single-family starts falling by 14.2%. Despite this, building permits rose by 1.6%, and completions were up...

Economy

ECB's Lagarde Warns of Exceptional Uncertainty Amid U.S. Tariffs and Calls for Eurozone Resilience

ECB President Christine Lagarde discusses the economic uncertainty caused by U.S. tariffs and stresses the need for policy actions to strengthen the eurozone's resilience and compe...

Economy

ECB's Lagarde Warns of Growing Economic Risks Amid Geopolitical Tensions and Market Weakness

ECB President Christine Lagarde warns of heightened economic risks in the eurozone due to geopolitical tensions and market weakness, despite some signs of stabilization in manufact...

Economy

ECB Unanimously Cuts Interest Rates: Lagarde Reveals No Push for Larger Cut

ECB President Christine Lagarde confirms a unanimous 25 basis point interest rate cut, with no push for a larger reduction. The impact of tariffs on inflation remains unclear as th...

Economy

Lagarde Advocates for Zero Tariff Strategy Amid Rising Global Trade Tensions

European Central Bank President Christine Lagarde proposes a zero-for-zero tariff offer as the EU's response to increasing global trade tensions. She warns of the negative demand s...

Economy

Lagarde Advocates for Zero Tariff Strategy Amid Rising Global Trade Tensions

ECB President Christine Lagarde proposes a zero-for-zero tariff strategy to counter global trade tensions, citing rising tariffs and economic shifts as key challenges. She also dis...

Economy

Turkey's Bold Move: Central Bank Elevates Key Rate to 46% Amid Inflation Battle

Turkey's central bank raises the key interest rate to 46% in a bold step to fight inflation, aiming for price stability and a sustained decline in inflation, with current rates at ...