Economy News

Economy

US Mortgage Applications Plummet by 8.5% Amid Rising Interest Rates and Economic Uncertainty

Mortgage applications in the U.S. fell by 8.5% last week, with rising interest rates and economic uncertainty cited as key factors. The purchase and refinance indexes also dropped,...

Economy

Global Economy on the Brink: UN Warns of Slowing Growth to 2.3% Amid Trade Tensions

The UNCTAD warns of a potential slowdown in global economic growth to 2.3% in 2025, citing trade tensions and uncertainty as major concerns. The report also highlights varying grow...

Economy

Global Economic Slowdown Looms: UN Predicts Growth Could Drop to 2.3% by 2025

UNCTAD warns of a potential global economic slowdown to 2.3% growth by 2025, citing trade tensions and policy uncertainties. The report highlights varying growth projections for th...

Economy

Surge in Rates Leads to an 8.5% Drop in US Mortgage Applications, Experts Warn of Economic Uncertainty

US mortgage applications fell by 8.5% as interest rates rose, with the 30-year fixed-rate reaching 6.81%. Experts cite economic uncertainty as a key factor dampening buyer enthusia...

Economy

Italy's Inflation Climbs to 1.9% in March: A Slight Rise from February's 1.6%

Italy's inflation rate rose to 1.9% in March from 1.6% in February, slightly below preliminary estimates. Monthly CPI increased by 0.3%, with core prices up 1.7% year over year. HI...

Economy

China Strongly Condemns US Over New Tariffs and National Security Probe

Chinese Foreign Ministry spokesperson Lin Jian criticized the US for new tariffs up to 245% and a national security probe on imports, asserting China's right to defend its interest...

Economy

Trump to Engage in Critical Tariff and Defense Talks with Japan Today

US President Donald Trump is set to discuss trade tariffs and defense costs with Japanese officials, aiming for agreements beneficial to both nations. The talks include key US offi...

Economy

President Trump Engages in Crucial Tariff and Defense Talks with Japan Today

US President Donald Trump is set to discuss trade tariffs and defense expenses with Japanese officials, aiming for a deal beneficial to both nations. The talks include key US offic...