Economy News

Economy

Tokyo's Inflation Surges to 3.5% in April: A Closer Look at the Rising Consumer Prices

Tokyo's Ku-area witnesses a sharp rise in inflation to 3.5% in April, with the CPI excluding fresh food and energy also seeing significant increases, indicating mounting consumer p...

Economy

Surprising Drop in UK Consumer Confidence Hits New Low in April, Exceeding Forecasts

The UK's consumer confidence index dropped to negative 23 points in April, a significant decline from March's negative 19 points, indicating growing economic concerns among househo...

Economy

March Sees a Stunning 9.2% Surge in US Durable Goods Orders, Led by Transportation Equipment

US durable goods orders surged by 9.2% in March, with transportation equipment leading the growth with a 27% increase. Excluding transportation and defense, orders showed stability...

Economy

March Sees a Sharp 5.9% Drop in US Existing Home Sales Amid Affordability Crisis

US existing home sales dropped by 5.9% in March, with affordability challenges and high mortgage rates cited as key factors. The median sales price rose slightly, while inventory l...

Economy

US Natural Gas Inventories Surge by 88 Bcf: A Weekly Analysis Reveals Significant Changes

The US natural gas inventories increased by 88 Bcf in the week ending April 18, reaching 1,934 Bcf. Despite this rise, stocks are down by 478 Bcf from last year and slightly below ...

Economy

DOGE Cuts $845M in Federal Contracts to Combat Wasteful Spending and Inefficiency

The United States Department of Government Efficiency (DOGE) has terminated 269 federal contracts worth $845 million to combat wasteful spending, saving $255 million. This move is ...

Economy

UK's Bold Leap into Renewable Energy: Starmer Announces £300M Offshore Wind Initiative

UK Prime Minister Keir Starmer announces a £300M offshore wind project, aiming to attract private investments and create jobs, alongside a £2B deal with Eni S.p.A. for carbon captu...

Economy

BoE's Andrew Bailey Addresses Growth Shock Concerns Amid US Tariffs, Rules Out UK Recession Fears

Bank of England Governor Andrew Bailey discusses the impact of US tariffs on UK growth, emphasizing no immediate recession risk. The BoE weighs growth shocks against inflationary p...