Economy News

Economy

UK's Bold Planning Reforms Under Reeves Set to Inject £3.4B and Elevate GDP by 0.4%

UK Chancellor Rachel Reeves announces planning reforms expected to boost GDP by 0.4% and deliver £3.4B for public services, alongside a £2.2B defense funding increase focusing on A...

Economy

Rachel Reeves Stands Firm: Fiscal Rules Essential for UK's Economic Stability and Public Trust

British Chancellor Rachel Reeves emphasizes the UK government's commitment to fiscal responsibility and public trust, warning of global economic instability and rising borrowing co...

Economy

EU Seeks Fairer Trade Terms with China in High-Stakes Beijing Talks

European Commissioner Maros Sefcovic visits China to discuss enhancing EU-China trade relations, focusing on balance, reciprocity, and mutual benefit. High-level meetings aim to al...

Economy

February Sees a Surge in US Durable Goods Orders: Transportation Leads the Charge

US durable goods orders increased by 0.9% in February, with transportation equipment leading the growth. Excluding transportation and defense, orders still showed significant rises...

Economy

UK's Bold Move: Rachel Reeves Unveils £3.4B Planning Reforms to Skyrocket GDP by 0.4%

British Chancellor Rachel Reeves announces planning reforms expected to boost GDP by 0.4% over a decade, with £3.4B for public services by 2030. An additional £2.2B is allocated to...

Economy

February Sees a Surge in US Durable Goods Orders: Transportation Leads with 1.5% Growth

US durable goods orders increased by 0.9% in February, with transportation equipment leading the growth at 1.5%. Excluding transportation and defense, orders still showed significa...

Economy

EU Seeks Stronger Trade Balance with China: Key Meetings Set for This Week

The European Commission announces Maros Sefcovic's visit to China to discuss enhancing EU-China trade relations, focusing on reciprocity and mutual benefit, with annual trade worth...

Economy

UK Faces Economic Slowdown and Vanishing Surplus Amid Global Trade Tensions

The UK's economic outlook has been revised downward, with slower growth forecasts and potential risks from global trade tensions. A 20% tariff hike scenario could reduce GDP by 1%,...