Economy News

Economy

March Sees US Job Openings Dip to 7.2 Million, Missing Analyst Predictions

In March, the US job openings slightly decreased to 7.2 million, missing analysts' expectations. The JOLTS report showed steady hires at 5.4 million, while total separations slight...

Economy

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

US Treasury Secretary Scott Bessent urges the EU to scrap its internet tax, arguing it unfairly affects US tech firms and creates trade barriers, hinting at rising US-EU trade tens...

Economy

German Consumer Confidence Rises in May Amid Global Trade Policy Shifts

German consumer confidence is expected to improve in May, despite global trade policy shifts. Experts believe the formation of a new government and successful coalition talks may m...

Economy

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

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

Economy

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

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

Economy

ECB's Piero Cipollone Warns of Material Impact from Trump's Tariffs on Global Economy

ECB's Piero Cipollone warns of the significant impact of Trump's tariffs on the global economy, highlighting risks of trade fragmentation and threats to international partnerships,...

Economy

Eurozone's April Consumer Confidence Dips Further, Signaling Economic Challenges Ahead

Eurozone consumer confidence declined further in April, with the index falling to negative 16.7 points. The EU also saw a drop, and economic sentiment indicators worsened across th...

Economy

US Goods Trade Deficit Surges to $162B in March, Marking a Significant Increase from February

The US goods trade deficit rose to $162 billion in March, up from $147.8 billion in February, with exports and imports both increasing. Wholesale inventories also saw a rise.