Economy News

Economy

BoE Warns of Intensifying Global Economic Uncertainty Amid Trump Tariffs and Inflation Risks

The Bank of England reports heightened global economic uncertainty due to Trump's tariffs, warns of increased inflation risks, and projects a 3.75% inflation rate for the UK by Q3 ...

Economy

US Economy on the Brink: 70% Chance of Recession in 2025 Sparks Global Concerns

The US economy's recession risk has dramatically increased to 70% in 2025, driven by President Trump's new tariffs and retaliatory measures from trade partners, sparking global eco...

Economy

US Crude Oil Inventories Surge by 2.6M Barrels: A Deep Dive into the Latest EIA Report

The EIA reported a 2.6 million barrel increase in US crude oil inventories, now 5% below the five-year average. Refinery inputs rose slightly, while gasoline production and crude i...

Economy

BoE Warns of Heightened Global Economic Uncertainty Amid Rising Inflation Risks

The Bank of England reports increased global economic uncertainty due to US tariffs, raising inflation risks and projecting a 3.75% inflation rate for the UK by Q3 2025, with poten...

Economy

US Wholesale Inventories Show Steady Growth in February, Signaling Economic Resilience

US wholesale inventories grew by 0.3% in February, reaching $902.3 billion, with sales up 2.4% month on month. The inventory-to-sales ratio improved to 1.30, reflecting better effi...

Economy

EU Strikes Back: Imposes €21 Billion Tariffs on US Imports Starting April 15

The European Union has approved €21 billion in tariffs on US imports, effective April 15, criticizing US measures as unjustified. The EU seeks a balanced negotiation, with tariffs ...

Economy

US Crude Oil Inventories Surge: A 2.6M Barrel Increase Sparks Market Interest

The US commercial crude oil inventories increased by 2.6 million barrels to 442.3 million barrels, with levels 5% below the five-year average. Refinery operations and crude imports...

Economy

US Economy on the Brink: 70% Chance of Recession in 2025 Amid Rising Trade War Tensions

The odds of a US recession in 2025 have dramatically increased to 70%, driven by President Trump's new tariffs and the resulting global trade war tensions, raising fears over econo...