Economy News

Economy

US Trade Deficit Surges to $140.5B in March, Marking a Significant Monthly Increase

In March, the US trade deficit increased by 14% to $140.5 billion, with exports slightly up by 0.2% and imports rising by 4.4%. Annually, the deficit grew by 92.6%, highlighting si...

Economy

Historic UK-India Free Trade Deal Unlocks Zero-Duty Access for 99% of Indian Exports

India's Trade Ministry celebrates a historic free trade agreement with the UK, offering zero-duty access for 99% of Indian exports. Key sectors like textiles, leather, and IT servi...

Economy

German Services Sector Contracts in April, Marking a 14-Month Low Amid Economic Uncertainty

Germany's services sector contracted in April, with the PMI Business Activity Index falling below the 50.0 threshold for the first time since November, indicating a 14-month low. T...

Economy

Eurozone's Economic Momentum Cools in April: Services Sector Stagnates Amid Manufacturing Surprise

The Eurozone's economic growth slowed in April, with the services sector almost stagnating despite a surprise uptick in manufacturing output, according to a recent report by S&...

Economy

Swiss National Bank on High Alert: Ready to Intervene as Franc Strengthens

Swiss National Bank Chairman Martin Schlegel reaffirms the bank's readiness to intervene in the forex market as the Swiss franc's strength poses risks to price stability, with the ...

Economy

April's Slowdown: UK Service Sector Faces Contraction Amid Global Economic Uncertainty

The UK service sector experienced its first contraction in one-and-a-half years in April, with the services PMI falling to 49.0. Declines in new business and employment, alongside ...

Economy

Eurozone and EU Witness a Significant 1.6% Drop in Producer Prices in March, Energy Sector Hit Hardest

In March, the Eurozone and EU saw a 1.6% drop in producer prices, with energy prices falling sharply. Despite this, annual growth was positive, indicating fluctuating economic cond...

Economy

Canada's Trade Deficit Shows Significant Improvement in March, Narrowing to $682 Million

Canada's trade deficit narrowed significantly in March to 942 million Canadian dollars from 2.1 billion in February, with exports and imports both seeing declines. The goods trade ...