Economy News

Economy

US and China Set for Crucial Trade Talks in Switzerland: A Step Towards De-escalation

US Treasury Secretary Scott Bessent announces preliminary trade talks with China in Switzerland, focusing on de-escalation. The discussions aim to set the stage for future negotiat...

Economy

Federal Reserve Holds Steady: Interest Rates Remain at 4.25%-4.5% Amid Economic Uncertainty

The Federal Reserve has decided to maintain the federal funds rate at 4.25%-4.5%, citing solid economic expansion and a stable labor market, despite elevated inflation and increase...

Economy

France's Trade Deficit Narrows to €6.25 Billion in March, Exports See Significant Growth

France's trade deficit improved to €6.25 billion in March, with exports rising by 5.6% and imports by 2.3%. The energy balance worsened slightly, while the manufactured goods balan...

Economy

UK Construction Sector Shows Signs of Recovery in April with Slight PMI Increase

The UK construction sector showed a slight recovery in April with the PMI increasing to 46.6. Civil engineering was the weakest sector, while residential and commercial constructio...

Economy

March Sees a Slight Dip in Euro Area Retail Sales, Highlighting Varied Sector Performances

Eurostat reports a 0.1% decrease in retail trade for the Eurozone and EU in March, with annual growth of 1.5% and 1.4% respectively. Sector-wise, food and non-food products saw dec...

Economy

Federal Reserve Expected to Maintain Steady Interest Rates Amid Inflation Concerns

The Federal Reserve is likely to hold interest rates steady at its May meeting, focusing on inflation targets amid economic challenges. Despite political pressures for cuts, stabil...

Economy

Surge in US Mortgage Applications: An 11% Weekly Jump Signals Changing Economic Winds

US mortgage applications surged by 11% in the week ending May 2, with interest rates for 30-year fixed mortgages dropping slightly. The Purchase and Refinance Indexes also saw sign...

Economy

German Chancellor Urges Swift EU Ratification of Mercosur Trade Deal Amid Opposition

German Chancellor Friedrich Merz urges swift EU ratification of the Mercosur trade deal during his Paris visit, despite opposition from France and Poland and concerns from other EU...