Economy News

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 ...

Economy

US Housing Market Hits Six-Year Low: Tariff Fears and Economic Uncertainty Slow Sales

The US housing market is slowing down, with homes taking longer to sell due to high prices, economic uncertainty, and increased supply. Only 27% of buyers paid over asking in March...

Economy

ECB Slashes Interest Rates Amid Trade Tensions: A Bold Move Towards Economic Stability

The European Central Bank has cut interest rates by 25 basis points, aiming to stabilize inflation at 2%. However, rising trade tensions pose risks to economic growth, prompting a ...

Economy

US Job Market Shows Resilience as Initial Jobless Claims Drop to 215,000

The US Department of Labor reports a decrease in initial jobless claims to 215,000, showcasing a resilient job market. The insured unemployment rate stays at 1.2%, with a slight up...

Economy

March Sees a Sharp 11.4% Decline in US Housing Starts, Signaling Market Slowdown

The US housing market experienced an 11.4% monthly drop in starts in March, with single-family starts down by 14.2%. Building permits rose slightly, but single-family permits fell....

Economy

Lagarde Warns of Exceptional Uncertainty in Euro Area Amid US Tariff Threats

ECB President Christine Lagarde warns of exceptional economic uncertainty in the euro area, partly due to unclear US tariff impacts. While first-quarter growth is likely, tariffs m...

Economy

ECB's Lagarde Highlights 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 weak market dynamics, despite some signs of stabilization in man...