Economy News

Economy

Russian Central Bank Forecasts Inflation Decline by May, Governor Nabiullina Highlights Cautious Optimism

Russian Central Bank Governor Elvira Nabiullina forecasts a decrease in inflation starting May, despite keeping the key interest rate steady at 21%. A temporary uptick in July is p...

Economy

US Oil Rig Count Rises Slightly to 483 Amidst Annual Decline: A Closer Look

The US oil rig count increased slightly to 483, with a two-rig rise from last week but a 23-rig drop annually. Gas rigs also saw a minor increase, while Canada's rig count decrease...

Economy

US Oil and Gas Rig Count Shows Weekly Increase Amid Annual Decline, Baker Hughes Reports

The US oil rig count increased by two to 483 in the week ending April 25, but fell by 23 year-over-year. Gas rigs rose by one to 99, with total rigs at 582, up three weekly but dow...

Economy

Russia Holds Steady: Central Bank Maintains Key Rate at 21% Amid Inflation Battle

The Bank of Russia keeps its key interest rate at 21% to tackle inflation, aiming for a 4% target by 2026. Inflation forecasts remain at 7%-8% for 2025, with Q1 averaging 8.3%. Cha...

Economy

Unexpected Dip: Canadian Retail Sales Slide 0.4% in February, March Shows Promise

Canadian retail sales experienced a 0.4% decline in February, with core sales excluding certain sectors rising by 0.5%. Motor vehicle sales dropped significantly, while gasoline sa...

Economy

UK Chancellor Rachel Reeves Prioritizes EU Trade Over US, Signaling a Shift in Post-Brexit Economic Strategy

British Chancellor Rachel Reeves emphasizes the importance of EU trade over the US, highlighting efforts to strengthen post-Brexit economic ties with Europe through upcoming meetin...

Economy

April's Sharp Decline in US Consumer Confidence Signals Economic Uncertainty Ahead

US consumer confidence sharply declined in April, with the University of Michigan's index showing significant drops in both current conditions and future expectations, highlighting...

Economy

BoE's Greene Expresses Uncertainty Over Future US Tariffs and UK Economic Challenges

Bank of England's Megan Greene discusses the uncertainty of future US tariffs and the challenges facing the UK economy, including supply issues and weak productivity growth. She al...