Economy News

Economy

Alarming Drop in US Consumer Confidence Signals Looming Recession Fears

US consumer confidence hits a pandemic-era low in April, with the Consumer Confidence Index dropping sharply to 86.0. The Expectations Index falls to a 13-year low at 54.4, signali...

Economy

UK Takes Bold Step with Draft Crypto Regulations to Safeguard Investors and Spur Innovation

The UK government has announced draft crypto regulations to enhance consumer protection and support innovation, requiring crypto firms to meet transparency and resilience standards...

Economy

April Sees a Sharp Decline in Eurozone Consumer Confidence Amid Economic Uncertainty

Eurozone consumer confidence declined in April, with the index dropping to negative 16.7. Economic sentiment and employment expectations also worsened, highlighting growing economi...

Economy

Spain's Inflation Rate Dips Slightly to 2.2% in April, Surpassing Expectations

Spain's annual inflation rate slightly decreased to 2.2% in April from 2.3% in March, exceeding expectations. The core inflation rate and HICP showed consistent growth, indicating ...

Economy

ECB's Piero Cipollone Warns: Trump's Tariffs Could Deeply Impact Global Economy and Stability

ECB's Piero Cipollone warns that Trump's tariffs could have significant, far-reaching effects on the global economy, risking fragmentation within the Western bloc and threatening i...

Economy

US Treasury Secretary Scott Bessent Challenges EU to Abolish Controversial Internet Tax on Tech Giants

US Treasury Secretary Scott Bessent urges the European Union to eliminate its internet tax, claiming it disproportionately affects US tech firms and creates unfair trade barriers. ...

Economy

US Job Market Shows Resilience: 7.2 Million Openings in March Despite Slight Dip

The US job market in March showed resilience with 7.2 million openings, a slight dip from February. Hires remained steady at 5.4 million, while the quits rate rose to 2.1%, indicat...

Economy

Sharp Decline in US Consumer Confidence Signals Looming Recession Amid Inflation Fears

US consumer confidence has sharply declined to its lowest since the COVID-19 pandemic began, with the Expectations Index hitting a 13-year low, signaling potential recession. Risin...