Economy News

Economy

Ontario Implements 25% Electricity Export Tax to the US Amid Trade Tensions

Ontario Premier Doug Ford announced a 25% tax increase on electricity exports to the US, impacting 1.5 million Americans in Minnesota, New York, and Michigan. The move is a respons...

Economy

ECB's Joachim Nagel Emphasizes the Importance of Solid Public Finances for Eurozone Growth

ECB's Joachim Nagel underscores the necessity of solid public finances for Eurozone growth, proposing a twelve-point plan for Germany's higher growth path, emphasizing the importan...

Economy

NY Fed Reports Rise in Short-term Inflation Expectations to 3.1% Amid Economic Shifts

The NY Fed's February 2025 survey shows a rise in short-term inflation expectations to 3.1%, with household spending growth expectations increasing to 5%. Concerns about future fin...

Economy

Kevin Hassett Predicts Resolution of Trade Uncertainty by Early April

Kevin Hassett, Director of the United States National Economic Council, anticipates the resolution of trade policy uncertainty by early April, with new tariffs effective April 2. H...

Economy

ECB's Nagel Emphasizes the Importance of Solid Public Finances for Eurozone and Germany

ECB's Joachim Nagel emphasizes the critical need for solid public finances in the Eurozone and Germany, proposing a twelve-point plan for Germany's growth and advocating for Europe...

Economy

Singapore Launches SkillsFuture Jobseeker Support: Up to $4,500 for Eligible Unemployed Citizens

The Singapore government introduces SkillsFuture Jobseeker Support, offering up to S$4,500 to eligible unemployed citizens starting mid-April. The initiative requires applicants to...

Economy

ECB's Joachim Nagel Emphasizes the Importance of Solid Public Finances for Eurozone and Germany

Joachim Nagel, ECB Governing Council member, emphasizes the need for solid public finances in the Eurozone and Germany, proposing a 12-point plan for economic growth including busi...

Economy

January Sees a 2% Rise in German Industrial Output, Signaling Economic Resilience

Germany's industrial production in January increased by 2% month-on-month, with significant growth in the automotive, food, and machine maintenance sectors. Despite a yearly compar...