Economy News

Economy

US and China Set to Begin Crucial Trade Talks in Switzerland on May 10

US Treasury Secretary Scott Bessent announces preliminary trade talks with China in Switzerland on May 10, focusing on de-escalation before advancing to substantive negotiations. T...

Economy

Germany's Industrial Surge: March Factory Orders Leap by 3.6%, Signaling Robust Economic Recovery

Germany's factory orders rose by 3.6% in March, with significant growth in both domestic and foreign orders. Key sectors like electrical equipment and pharmaceuticals showed impres...

Economy

France's Trade Deficit Narrows to €6.25 Billion in March, Marking a Significant Improvement

France's trade deficit improved to €6.25 billion in March, with exports rising by 5.6% and imports by 2.3%. The energy and manufactured goods sectors showed notable improvements, i...

Economy

Eurozone Retail Sales Dip Slightly in March, Yet Show Annual Growth Across the EU

Eurostat reports a 0.1% decrease in Eurozone and EU retail trade in March, with annual growth of 1.5% and 1.4% respectively. Sector performances varied, with automotive fuel sales ...

Economy

Federal Reserve Expected to Maintain Steady Interest Rates Amid Inflation Concerns

The Federal Reserve is likely to hold interest rates steady at 4.25% to 4.5% in May, focusing on inflation control. Despite economic slowdown and political pressures for cuts, the ...

Economy

Surge in US Mortgage Applications: An 11% Weekly Increase Signals Market Shift

Mortgage applications in the US surged by 11% last week, with interest rates for 30-year fixed mortgages dropping to 6.84%. The MBA's survey also noted increases in the Purchase, R...

Economy

Germany's Merz Urges Rapid EU Ratification of Mercosur Trade Deal Amidst Opposition

German Chancellor Friedrich Merz advocates for the quick ratification of the EU-Mercosur trade deal during his visit to Paris, despite facing opposition from several EU countries. ...

Economy

US and China Set to Begin Crucial Trade Talks in Switzerland This May

US Treasury Secretary Scott Bessent announces the start of US-China trade talks in Switzerland on May 10, focusing on de-escalation and future negotiation plans. Key figures from b...