Economy News

Economy

Germany's Inflation Rate Dips Slightly to 2.1% in April: A Closer Look at the Numbers

Germany's annual inflation rate slightly decreased to 2.1% in April from 2.2% in March, with the CPI rising 0.4% month-on-month. Core inflation, excluding food and energy, was 2.9%...

Economy

Unexpected Slowdown: US Private Sector Adds Only 62K Jobs in April, Falling Short of Expectations

The US private sector added only 62,000 jobs in April, falling short of expectations. Medium companies led with 40,000 jobs, while the service sector added 34,000, but education an...

Economy

US Economy Faces Headwinds as GDP Dips 0.3% in Q1 2025, Marking First Decline Since 2022

The US GDP fell by 0.3% in Q1 2025, the first decline since 2022, due to increased imports and reduced federal spending. Despite this, consumer demand remained strong, with a 3.0% ...

Economy

March Sees a Significant Uptick in US Personal Spending with a 0.7% Rise

US personal spending saw a 0.7% increase in March, with personal income also rising by 0.5%. The PCE price index contracted slightly, indicating mixed economic signals.

Economy

March Sees a Surge: US Pending Home Sales Leap by 6.1%, Marking the Highest Monthly Increase Since December 2023

US pending home sales jumped 6.1% in March, the highest monthly increase since December 2023, with the South region leading the growth. Despite a slight annual decline, the market ...

Economy

US Eases Auto Tariffs: A Positive Step for North American Trade, Says Mexican President

Mexican President Claudia Sheinbaum welcomes the US's decision to ease auto tariffs, seeing it as progress in North American trade relations under the USMCA. Ongoing discussions ai...

Economy

EU Unveils €910 Million Defense Fund to Boost Innovation and Support Ukraine Amid Rising Threats

The European Commission invests €910 million under the 2024 European Defence Fund to modernize defense technologies, including AI drones and stealth systems, with Ukrainian industr...

Economy

Germany's Inflation Rate Dips Slightly to 2.1% in April, Core Inflation Holds Steady at 2.9%

Germany's inflation rate slightly decreased to 2.1% in April from 2.2% in March, with core inflation at 2.9%. Food prices rose by 2.8%, while energy prices fell by 5.4%. The HICP i...