Economy News

Economy

OPEC+ Announces Strategic Oil Production Increase of 411,000 bpd Starting May

OPEC+ has agreed to increase oil production by 411,000 barrels per day in May, ending voluntary cuts. The decision, based on positive market outlook, is subject to change. Next mee...

Economy

US Job Cuts Skyrocket to 275,240 in March, Marking the Highest Since May 2020

In March, the US experienced a significant surge in job cuts, totaling 275,240, the highest since May 2020. Government positions were the most affected, with a 672% increase in cut...

Economy

OPEC+ Announces Strategic 411,000 bpd Oil Production Increase Starting May

OPEC+ has agreed to increase oil production by 411,000 barrels per day in May, ending voluntary cuts, citing healthy market fundamentals. The decision could be adjusted based on fu...

Economy

Innovative US Tariff Formula Aims to Eliminate Trade Deficits with Partners

The US has introduced a new tariff formula aimed at balancing trade deficits by considering trade balances, import elasticity, and tariff impacts, simplifying international trade n...

Economy

ECB Warns of Inflation Risks from US Tariffs and Rising European Defense Spending

The ECB raises concerns over monetary policy's effectiveness amid external pressures like US tariffs and European defense spending, warning of potential inflation risks and the nee...

Economy

Germany's Service Sector Faces Slowdown in March, Composite PMI Hits 10-Month High

Germany's service sector slowed in March with a PMI drop to 50.9, a four-month low, while the Composite PMI rose to a 10-month high of 51.3. Input cost and output price inflation r...

Economy

Eurozone's Business Activity Hits a 7-Month Peak in March Amidst Mixed Economic Signals

Eurozone's business activity reached a seven-month high in March, with the PMI rising to 50.9. Despite increasing employment and easing inflation, demand continues to fall, and bus...

Economy

Spain Announces Immediate Relief and Strategic Revival for Industries Hit by US Tariffs

Spain is preparing to unveil a strategic plan to support sectors impacted by US tariffs, including an immediate safety net and relaunch strategy, as part of its response to the 20%...