Economy News

Economy

France's Inflation Climbs to 1% in June: A Detailed Look at the Rising Costs

France's inflation rate rose to 1% in June, up from 0.7% in May, with notable increases in food and services prices, while energy costs saw a significant annual drop but a slight m...

Economy

UK Economy Faces Challenges as GDP Dips 0.1%, Chancellor Reeves Vows Growth Revival

UK Chancellor Rachel Reeves addresses a 0.1% GDP decline, pledging to boost economic growth through investment in transport, housing, and major projects.

Economy

ECB's Schnabel Signals High Hurdle for Further Rate Cuts Amid Inflation Concerns

ECB's Isabel Schnabel discusses the high threshold for further rate cuts, citing expected inflation trends and dismissing concerns over the euro's strength and its impact on inflat...

Economy

UK Government and Meta Collaborate to Hire AI Experts for National Advancement

The UK government announces a partnership with Meta to hire up to 10 AI experts, funded by a $1 million grant from Meta through the Alan Turing Institute, aiming to enhance nationa...

Economy

IMF Forecasts: Eurozone's Moderate Growth Trajectory to Extend Through 2028 Amid Challenges

The IMF forecasts moderate growth for the Eurozone through 2027, with inflation stabilizing at 2% by 2025. Challenges include trade tensions and geopolitical risks, with inflation ...

Economy

Germany's Bundesrat Greenlights a Massive €46 Billion Tax-Break Package to Revive Economy

Germany's Bundesrat approves a €46 billion tax-break package aimed at economic recovery, featuring corporate tax cuts, EV purchase incentives, rent controls, and increased defense ...

Economy

ECB's Fabio Panetta Advocates for Flexible Monetary Policy Amid Global Economic Shifts

Fabio Panetta of the ECB calls for a flexible monetary policy approach, highlighting opportunities for Europe amidst global economic shifts and the potential decline of US market d...

Economy

Malaysia's Pahang Sultan Demands Stronger Action Against Land Encroachment After 1,000 Durian Trees Cut Down

The Sultan of Pahang emphasizes the need for consistent enforcement against land encroachment, following the cutting down of 1,000 durian trees. Community involvement and governmen...