Economy News

Economy

Euro Area's Modest Growth in Early 2025: Challenges and Opportunities Ahead

ECB Vice President Luis de Guindos reports modest growth in the euro area for early 2025, with recovery signs from last year. However, risks from trade disruptions, financial tensi...

Economy

EU Struggles in Microchip Market Race: Auditors Warn 2030 Target May Be Unreachable

The European Court of Auditors warns that the EU is unlikely to meet its 2030 goal of capturing 20% of the global microchip market, citing challenges like limited raw materials, hi...

Economy

Trump Defiant on Trade Policy: No Market Downturn Will Sway His Stance

US President Donald Trump insists no market downturn will change his trade policies, stating there's no "certain number" that would sway his stance, during an interview with The At...

Economy

Massive Blackout Strikes Iberian Peninsula: Spain Begins Restoring Power

Spanish electricity grid operator Red Electrica has started restoring power after a massive blackout hit the Iberian Peninsula, affecting Spain, Portugal, and parts of France. The ...

Economy

ECB's De Guindos Forecasts Modest Euro Area Growth in Early 2025 Amid Rising Risks

ECB Vice President Luis de Guindos reports modest euro area growth in early 2025 but warns of risks from trade disruptions and geopolitical uncertainty. Inflation is nearing the 2%...

Economy

EU's 2030 Microchip Market Ambition at Risk: Auditors Sound Alarm on Falling Behind

The European Court of Auditors warns the EU is unlikely to meet its 2030 goal of capturing 20% of the global microchip market, citing challenges like raw material access and geopol...

Economy

Trump Stands Firm on Trade Policies, Dismisses Recession Fears in Exclusive Interview

US President Donald Trump, in an interview with The Atlantic, stated that no economic downturn or market fluctuation would make him change his trade policies, emphasizing there's n...

Economy

Massive Blackout Strikes Iberian Peninsula: Spain Begins Restoring Power Amid Widespread Outages

Spain's electricity grid operator, Red Electrica, has started restoring power after a massive blackout hit the Iberian Peninsula, affecting Spain, Portugal, and parts of France. Th...