Economy News

Economy

Eurozone Faces Growing Gloom as Consumer Confidence Hits New Low in April

Eurozone consumer confidence continues to decline in April, with the index dropping to negative 16.7 points. The EU also sees a decrease, alongside worsening economic sentiment and...

Economy

German Consumer Confidence Set to Rise in May Amid Positive Economic Signals

German consumer confidence is expected to rise in May, with a score of negative 20.6, up from the previous month's 24.3. Experts suggest that domestic political stability and the c...

Economy

Spain Bounces Back: 99.16% Power Restoration After Massive Iberian Peninsula Blackout

Spain's electricity grid has recovered 99.16% of demand after a massive blackout, with Portugal also making progress. The outage was caused by grid oscillations, with no evidence o...

Economy

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

Spain's annual inflation rate edged down to 2.2% in April from 2.3% in March, slightly exceeding expectations. The core inflation rate held steady at 2.4%, with the Harmonized Inde...

Economy

ECB's Cipollone Warns of Significant Economic Impact from Trump's Tariffs

ECB's Piero Cipollone warns of the material effects of Trump's tariffs on the global economy, highlighting risks of fragmentation and long-term impacts on growth and stability.

Economy

Eurozone's April Consumer Confidence Hits New Low Amid Economic Uncertainty

Eurozone consumer confidence fell further in April, with the index dropping to negative 16.7, signaling growing economic concerns. The EU also saw a decline, alongside worsening ec...

Economy

German Consumer Confidence Shows Promising Uptick in May Amid Global Trade Shifts

German consumer confidence is expected to improve in May, with a score of negative 20.6, up from April's revised 24.3. The report suggests that recent US trade policy changes have ...

Economy

Spain Bounces Back: 99.16% Power Restoration After Major Iberian Peninsula Blackout

Spain has restored 99.16% of its power demand after a significant blackout on the Iberian Peninsula, with all transmission grid substations now operational. Portugal has also made ...