Economy News

Economy

ECB's Cipollone Warns of Significant Economic Impact from Trump's Tariffs

ECB's Piero Cipollone warns of the material effects of Trump's tariffs on the economy, highlighting the risk of Western bloc fragmentation and its profound long-term consequences o...

Economy

US Goods Trade Deficit Surges to $162B in March, Marking a Significant Monthly Increase

The US goods trade deficit expanded to $162 billion in March, up $14.1 billion from February. Exports rose slightly to $180.8 billion, while imports surged to $342.7 billion. Whole...

Economy

US Treasury Secretary Scott Bessent Challenges EU to Abolish Internet Tax on American Tech Giants

US Treasury Secretary Scott Bessent urges the EU to eliminate its internet tax, arguing it unfairly targets American tech companies and creates digital trade barriers, potentially ...

Economy

March Sees US Job Openings Dip to 7.2 Million, Slightly Below Expectations

In March, the US job market saw a slight decrease in openings to 7.2 million, missing expectations. Hires remained steady at 5.4 million, while separations and quits showed minor c...

Economy

Sharp Decline in US Consumer Confidence Signals Impending Recession, Experts Warn

US consumer confidence has sharply declined to its lowest since the COVID-19 pandemic, with the Expectations Index hitting a 13-year low, signaling potential recession. Rising infl...

Economy

UK Introduces Groundbreaking Crypto Regulations to Safeguard Investors and Foster Innovation

The UK has unveiled draft crypto regulations aimed at enhancing consumer protection and supporting innovation. Crypto firms will now face stricter standards, including transparency...

Economy

ECB's Cipollone Warns: Trump's Tariffs Could Deeply Impact Global Economy and Stability

ECB's Piero Cipollone warns that Trump's tariffs could have a significant impact on the global economy, highlighting risks of Western bloc fragmentation and long-term consequences ...

Economy

April Sees a Sharp Decline in Eurozone Consumer Confidence Amid Economic Uncertainty

Consumer confidence in the euro area and EU has worsened in April, with significant drops in the economic sentiment and employment expectations indicators, signaling growing econom...