Economy News

Economy

France's Inflation Holds Steady at 0.8% in April: What's Driving the Numbers?

France's inflation rate stayed at 0.8% in April, with service prices rising but energy costs falling. The HCPI is expected to grow by 0.8% yearly and 0.6% monthly.

Economy

Germany's Unemployment Rate Drops to 6.3% in April, Marking a Slight Improvement

Germany's unemployment rate slightly decreased to 6.3% in April from 6.4% in March, with the number of unemployed residents falling by 36,000 month-on-month but rising by 182,000 y...

Economy

Germany's Economy Shows Resilient Growth with a 0.2% Rise in Q1 Despite Annual Dip

Germany's economy experienced a 0.2% growth in Q1, as reported by Destatis, despite a yearly decline of 0.4%. The increase in household consumption and capital formation indicates ...

Economy

Italy's Economy Shows Resilience with a 0.6% GDP Growth in Q1 2025

Italy's GDP grew by 0.6% in Q1 2025, with positive contributions from agriculture and industry sectors, while services remained stable. Domestic demand rose, but net exports had a ...

Economy

Eurozone Economy Shows Resilience with 0.4% GDP Growth in Early 2025

The Eurozone's GDP grew by 0.4% in Q1 2025, with the EU expanding by 0.3%. Ireland, Lithuania, and Spain showed significant growth, while Austria, Hungary, and Germany experienced ...

Economy

Italy's Inflation Slightly Rises to 2% in April, Fueled by Energy and Food Prices

Italy's inflation rate rose to 2% in April, driven by increases in energy, transport, and food prices. The CPI increased by 0.2% month-over-month, with core prices up 2.1% yearly.

Economy

EU Unveils €910 Million Defense Modernization Plan to Boost Security and Innovation

The European Commission announces a €910 million investment under the 2024 European Defence Fund to modernize Europe's defense industry, involving Ukrainian defense sectors for the...

Economy

President Xi Jinping Calls for Strategic Innovation as China Prepares for the 15th Five-Year Plan

Chinese President Xi Jinping emphasizes strategic innovation and adaptation as China prepares for the 15th Five-Year Plan, highlighting the need to address global changes and trade...