Economy News

Economy

Singapore Allocates Nearly $7.5M in Grants for Coffee Shop Toilet Upgrades and Cleanliness

Singapore is investing nearly $7.5M in grants to improve coffee shop toilet cleanliness and maintenance, offering up to 95% coverage for renovations and deep cleaning contracts. Th...

Economy

ECB's Lagarde Warns: Growth Risks Lean Downward Amid Trade Tensions

ECB President Christine Lagarde discusses the downside risks to growth, highlighting trade tensions, geopolitical concerns, and the impact of monetary policy. She also explores pot...

Economy

ECB's Lagarde Warns: Growth Risks Skewed Downward Amid Trade Tensions

ECB President Christine Lagarde highlights risks to economic growth from trade tensions and geopolitical concerns, while noting potential boosts from lower interest rates and infra...

Economy

ECB's Shift in Strategy: Lagarde Signals a Significant Easing of Monetary Policy

ECB President Christine Lagarde announces a significant easing of the bank's monetary policy, highlighting a 150 basis point reduction in interest rates and a flexible approach to ...

Economy

Harker Warns: US Economy Stable But Faces Emerging Threats Amid Waning Confidence

Patrick Harker, President of the Federal Reserve Bank of Philadelphia, describes the US economy as "okay" but warns of emerging threats due to waning confidence among businesses an...

Economy

Christine Lagarde Advocates for Defense Spending to Fuel Innovation Amid Rising Geopolitical Tensions

ECB President Christine Lagarde suggests that increasing defense spending could stimulate innovation and productivity, amidst growing geopolitical risks and discussions on raising ...

Economy

US Natural Gas Inventories Witness Significant Drop: An 80 Bcf Decrease Revealed

The US natural gas inventories have decreased by 80 billion cubic feet, as reported by the EIA. This significant drop places the stockpiles below the five-year average, yet within ...

Economy

President Trump Pledges Major Overhaul to Tackle Soaring US Trade Deficit

President Donald Trump has announced plans to address the US trade deficit, which saw a significant increase in January. Trump criticized his predecessor, Joe Biden, for the curren...