Economy News

Economy

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

British Prime Minister Keir Starmer announces a £300M offshore wind farm project to boost renewable energy, alongside a £2B deal with Eni S.p.A for carbon capture, aiming to create...

Economy

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

Bank of England Governor Andrew Bailey discusses the potential impact of US tariffs on UK growth, reassuring that the UK is not near a recession. The central bank is carefully cons...

Economy

March Sees a Stunning 9.2% Surge in US Durable Goods Orders, Signaling Economic Resilience

In March, US durable goods orders surged by 9.2%, with transportation equipment leading the growth. Excluding transportation, orders were stable, showing a balanced economic recove...

Economy

Germany Braces for Economic Stagnation in 2025 Amid Global Trade Tensions

The German government expects economic stagnation in 2025, with zero growth, down from previous forecasts. Inflation is projected to decrease, but concerns over US trade policies c...

Economy

U.S. Jobless Claims Rise Slightly to 222,000, Signaling a Steady Labor Market

Initial jobless claims in the U.S. rose by 6,000 to 222,000, with the 4-week moving average slightly decreasing. The insured unemployment rate remained at 1.2%, indicating a stable...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports an 88 Bcf increase in US natural gas inventories to 1,934 Bcf for the week ending April 18, though stocks are down 478 Bcf year-over-year and 44 Bcf below the five-...

Economy

ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs

ECB's Joachim Nagel asserts that tariffs will inflate prices more in the US than in Europe, with significant growth implications for Germany and the broader European economy.

Economy

Fed's June Decision Hinges on Economic Clarity, Says Cleveland President Beth Hammack

Cleveland Fed President Beth Hammack discusses the potential for a June Fed decision based on economic clarity, emphasizing patience and data monitoring. Trade tariff uncertainties...