Economy News

Economy

March Sees US Trade Deficit Surge to $140.5B, Marking a Significant Monthly Increase

The US trade deficit increased by 14% in March to $140.5 billion, with exports rising slightly and imports seeing a significant jump. Year-over-year, the deficit grew by 92.6%, hig...

Economy

EU Unveils Bold Strategy to Eliminate Russian Gas Dependency by 2027, Enhancing Energy Security

The European Commission has announced a plan to completely end the EU's dependency on Russian energy by 2027, focusing on gas, oil, and nuclear materials to enhance security and tr...

Economy

India's Historic Trade Deal with the UK: 99% of Exports to Enjoy Zero-Duty Access

India's Trade Ministry announces a historic free trade agreement with the UK, ensuring 99% of Indian exports enjoy zero-duty access. Key sectors like textiles, leather, and IT serv...

Economy

German Services Sector Contracts in April: A 14-Month Low Signals Economic Uncertainty

The German services sector contracted in April, with the PMI Business Activity Index falling to a 14-month low of 49.0. Despite a slight increase in the Composite PMI Output Index ...

Economy

EU Proposes Groundbreaking Zero-Tariff Deal with US to Strengthen Industrial Trade Ties

The EU has proposed a "zero-for-zero" tariff agreement with the US to eliminate duties on industrial goods, aiming to strengthen trade ties and supply chain resilience amid growing...

Economy

March Sees a Sharp 1.6% Drop in Eurozone Producer Prices, Energy Sector Hit Hardest

In March, the Eurozone and EU saw a 1.6% decrease in producer prices, with energy prices dropping the most. Annually, prices increased slightly, with variations across different se...

Economy

Eurozone's Economic Momentum Cools in April as Services Sector Nears Standstill

The Eurozone's private sector growth slowed in April, with the services sector nearly stagnating. Despite a surprising uptick in manufacturing, the overall economic momentum cooled...

Economy

Canada's Trade Deficit Shows Significant Improvement in March Amid Global Economic Shifts

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