Economy News

Economy

Powell Assures U.S. Economy Remains Strong Despite Uncertainties, Eyes on Future Policies

Federal Reserve Chair Jerome Powell affirms the U.S. economy's solid performance, citing low unemployment and the latest nonfarm payrolls. Amid uncertainties, the Fed adopts a pati...

Economy

Powell Reflects on COVID-19 Economic Impact and Today's Unique Challenges

Federal Reserve Chair Jerome Powell discusses the ongoing influence of COVID-19 on economic policies and the unique challenges of balancing inflation and unemployment in today's ec...

Economy

Powell Warns: The Ripple Effects of April 2 Tariffs Could Reshape US Economy Over Time

Federal Reserve Chair Jerome Powell discusses the gradual impact of new US tariffs introduced on April 2, noting their larger-than-expected scale and potential effects on prices, s...

Economy

Electric Vehicles Drive UK Car Registrations to Record High in March, Surpassing 357,000 Units

The UK car market experienced a 12.4% increase in registrations in March, totaling 357,103 units, with electric vehicles leading the surge. Traditional petrol and diesel vehicles d...

Economy

UK Construction Sector Shows Signs of Recovery in March Amidst Ongoing Challenges

The UK construction sector showed a slight recovery in March with the PMI rising to 46.4, despite ongoing challenges. Civil engineering saw the fastest contraction since October 20...

Economy

March Sees Surprising Surge in US Nonfarm Payrolls: A 228,000 Job Increase Defies Expectations

March witnessed a significant increase in US nonfarm payrolls by 228,000, far exceeding predictions. The unemployment rate slightly rose to 4.2%, with healthcare, social assistance...

Economy

Global Markets React Sharply as Rubio Asserts 'Markets Will Adjust' to US Tariffs

US Secretary of State Marco Rubio comments on the global market selloff triggered by US tariffs, advocating for US manufacturing independence and predicting market adjustment.

Economy

Rubio Asserts Markets Will Adapt as Global Trade Tensions Spark Widespread Selloff

US Secretary of State Marco Rubio comments on the global market selloff following new US tariffs, advocating for a return to domestic manufacturing and dismissing the market's reac...