Economy News

Economy

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

Spain has nearly fully restored its power supply after a massive blackout, with 99.16% of demand met and all substations operational. Portugal is also recovering, with power back a...

Economy

Spain's Inflation 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, surpassing expectations. The core inflation rate grew by 2.4% yearly and monthly, while the HI...

Economy

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

Eurozone and EU consumer confidence and economic sentiment indicators show a significant decline in April, with worsening employment expectations adding to the economic concerns.

Economy

US Goods Trade Deficit Surges to $162 Billion in March, Marking a Significant Monthly Increase

The US goods trade deficit expanded to $162 billion in March, up $14.1 billion from February, with exports and imports both increasing. Wholesale inventories also saw growth.

Economy

US Treasury Secretary Scott Bessent Calls for EU to Abolish Internet Tax on American Tech Giants

US Treasury Secretary Scott Bessent urges the European Union to eliminate its internet tax, arguing it unfairly targets US tech companies and creates digital trade barriers, signal...

Economy

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

The US labor market showed resilience in March with 7.2 million job openings, a slight dip from February's 7.6 million. Hires remained steady at 5.4 million, while total separation...

Economy

Sharp Decline in US Consumer Confidence Signals Impending Economic Recession

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

Economy

Alarming Drop in US Consumer Confidence Signals Looming Recession Amid Inflation Fears

US consumer confidence sharply declines in April, hitting a low not seen since the early days of the COVID-19 pandemic, with the Expectations Index at a 13-year low, signaling pote...