Economy News

Economy

UK Service Sector Faces Steep Decline in April Amid Global Economic Uncertainty

The UK service sector experienced a notable slowdown in April, with the services PMI falling to 49.0, indicating contraction for the first time in 18 months. This downturn was attr...

Economy

Eurozone and EU Witness a Significant 1.6% Drop in Producer Prices in March

In March, the Eurozone and EU saw a 1.6% drop in producer prices, with energy prices falling sharply. However, annual figures show a rise, indicating a complex economic landscape.

Economy

March Sees a Significant Narrowing of Canada's Trade Deficit 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...

Economy

EU Unveils Bold Strategy to Eliminate Russian Gas Dependency by 2027, Amid Rising Imports

The European Commission announces a comprehensive plan to end reliance on Russian energy by 2027, focusing on gas, oil, and nuclear materials to enhance EU security and independenc...

Economy

India Celebrates Historic UK Trade Deal: 99% of Exports to Enjoy Zero-Duty Access

India's Trade Ministry celebrates a historic free trade agreement with the UK, offering 99% of Indian exports zero-duty access to the British market, boosting sectors like textiles...

Economy

EU Unveils Bold Strategy to Eliminate Russian Gas Dependency by 2027 Amid Energy Security Concerns

The European Commission announces a plan to end reliance on Russian gas by 2027, focusing on transparency and monitoring to halt imports, addressing the 'shadow fleet' for oil, and...

Economy

Historic UK-India Free Trade Deal to Benefit 99% of Indian Exports, Boosting Key Sectors

India's Trade Ministry announces a historic free trade agreement with the UK, offering zero-duty access for 99% of Indian exports to the British market, benefiting sectors like tex...

Economy

EU Unveils Bold Zero-Tariff Proposal to Strengthen US Trade Relations Amid Rising Tensions

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