Economy News

Economy

Turkey Slashes Key Interest Rate to 43% in Bold Move to Curb Inflation and Stabilize Economy

The Central Bank of Turkey reduces its key interest rate from 46% to 43% in an effort to combat inflation and stabilize the economy, reaffirming its commitment to achieving price s...

Economy

ECB's Christine Lagarde Warns: Unpredictable Trade Tensions Could Undermine Inflation Targets

ECB President Christine Lagarde discusses the unpredictable impact of trade tensions on inflation, as the ECB opts to keep interest rates unchanged amid global uncertainties.

Economy

ECB's Lagarde Declares Victory Over Inflation: A New Era for the Eurozone Economy?

ECB President Christine Lagarde announces the end of major inflationary shocks in the Eurozone, with inflation reaching the 2% target and the economy showing signs of growth. Howev...

Economy

June Sees a Slight Uptick in US New Home Sales Amidst Yearly Decline

In June, US new home sales saw a 0.6% monthly increase but a 6.6% yearly decline, with median and average sales prices at $401,800 and $501,000 respectively, and a 9.8-month supply...

Economy

US Economy Shows Strong Growth in July as Composite PMI Hits a 7-Month High

The US Composite PMI rose to 54.6 in July, indicating strong economic growth, with services sector leading the way. Manufacturing PMI, however, saw a slight decline. Experts highli...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, Annual Decline Noted by EIA

The Energy Information Administration reports a weekly increase in US natural gas inventories by 23 Bcf, with an annual decline of 153 Bcf, but still above the five-year average.

Economy

ECB's Christine Lagarde Pushes for Swift Launch of Digital Euro Amidst Evolving European Preferences

ECB President Christine Lagarde announces the bank's focused efforts on launching a digital euro promptly, while ensuring cash remains available. The initiative reflects adapting t...

Economy

Vietnam's Shrimp Exports Soar: China Overtakes US as Top Market Amid Trade Shifts

China has become Vietnam's top shrimp export market, overtaking the US, due to a domestic supply shortage and summer demand. Vietnam's shrimp exports are benefiting from geographic...