Economy News

Economy

EU Allocates €910 Million for Defense Modernization: A Leap Towards AI Drones and Stealth Tech

The European Commission invests €910 million in defense modernization, focusing on AI drones and stealth technologies, with Ukrainian industries joining EDF projects for the first ...

Economy

UK House Prices Slow Down: Annual Growth Drops to 3.4% in April Amid Stamp Duty Changes

UK house prices grew by 3.4% annually in April, down from 3.9% in March, with a monthly decline of 0.6%. Experts attribute the slowdown to stamp duty changes, predicting a softer m...

Economy

Surprising 2.2% Surge in German Retail Sales Marks a Strong March Performance

Germany's retail sales in March saw a 2.2% real-term annual increase, with food retail growing slightly and non-food retail showing significant annual growth despite a monthly dip.

Economy

France's Inflation Rate Holds Steady at 0.8% in April, What's Behind the Numbers?

France's inflation rate stayed at 0.8% in April, unchanged from March, with a 0.5% monthly increase. The stability is due to rising service and food prices, offset by falling energ...

Economy

Germany Sees a Slight Dip in Unemployment Rate to 6.3% in April Amid Economic Adjustments

Germany's unemployment rate slightly decreased to 6.3% in April from 6.4% in March, with 2.9 million unemployed residents. The underemployment rate also showed changes, indicating ...

Economy

Germany's Economy Shows Resilient Growth with a 0.2% Rise in Q1 Amid Challenges

Germany's economy experienced a modest growth of 0.2% in Q1, with a year-on-year decline of 0.4%. The report highlights increased household spending and capital formation as positi...

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, showing economic resilience with growth in agriculture and industry sectors, while services stagnated. Domestic demand rose, but net exports fe...

Economy

Eurozone Economy Shows Resilience with 0.4% GDP Growth in Q1 2025, Ireland Leads with 10.9% Surge

The Eurozone's GDP grew by 0.4% in Q1 2025, with Ireland leading at a 10.9% annual surge. The EU saw a 0.3% growth, showcasing regional economic resilience and recovery.