Economy News

Economy

EU Prepares Strategic Response to US Tariffs, Awaits Trump's Announcement

The European Union plans a strategic response to US tariffs, with separate measures for steel and aluminum and other levies. Uncertainty over Trump's announcement complicates impac...

Economy

US Mortgage Applications Dip Slightly as Purchase Activity Shows Year-Over-Year Growth

Mortgage applications in the U.S. fell by 1.6% last week, with the purchase index up by 2% and refinance index down by 6%. The average 30-year fixed-rate mortgage interest rate sli...

Economy

US Mortgage Applications Dip Slightly by 1.6% Amid Fluctuating Interest Rates

US mortgage applications saw a 1.6% decline last week, with a slight drop in 30-year fixed-rate mortgage interest rates to 6.7%. Purchase activity is up, but refinancing has decrea...

Economy

EU Plans Strategic Response to US Tariffs, Seeks Negotiated Settlement Amid Uncertainty

The European Union is set to respond strategically to new US tariffs with a dual approach, focusing on steel and aluminum tariffs separately from other levies. Amid uncertainty ove...

Economy

ECB's Schnabel Warns: Trade Fragmentation Poses Significant Risks to Global Economic Growth

ECB's Isabel Schnabel discusses the harmful effects of trade fragmentation on the economy, the rise in geopolitical uncertainty, and the opportunities within a single market, along...

Economy

ECB's Olli Rehn Warns: Rising Tariffs Pose Significant Threat to Global Economic Outlook

Olli Rehn of the ECB warns that trade protectionism, especially upcoming U.S. tariffs on European goods, is a key risk to the economic outlook. Despite a weakened Eurozone growth f...

Economy

ECB's Lagarde Warns: Trump's New Tariffs Pose a Threat to Global Economic Stability

ECB President Christine Lagarde warns that President Trump's upcoming tariffs could harm the global economy, citing increased uncertainty and less attractive US investments. She st...

Economy

Global Trade on Edge: U.S. Tariff Shifts Threaten to Unravel Decades of WTO Progress

The U.S. is set to announce reciprocal tariffs, threatening the WTO system and global trade order. With plans for up to 20% tariffs on imports, the move could spark a trade war, wi...