Economy News

Economy

US Oil Rig Count Drops by 5 to 474: A Weekly Decline Reflecting Industry Trends

The US oil rig count decreased by five to 474, with a significant annual decline. Gas rigs remained stable weekly but dropped annually. Canada also saw a decrease in rig counts, hi...

Economy

Chicago Fed President Goolsbee Cautions Against Resurgence of High Inflation Rates

Chicago Fed President Austan Goolsbee warns against returning to high inflation, emphasizing the goal to maintain a 2% annual rate. Recent data shows U.S. inflation decreasing to 2...

Economy

Switzerland Aims for Historic US Trade Deal: A New Chapter in Bilateral Relations

Switzerland is actively seeking a fundamental customs agreement with the United States, with President Karin Keller-Sutter highlighting the country's expedited treatment in trade d...

Economy

Canada's Unemployment Rate Rises to 6.9% in April: A Closer Look at the Shifting Job Market

Canada's unemployment rate increased to 6.9% in April, with employment rates slightly declining. Sector-specific changes were observed, alongside growth in hours worked and wages.

Economy

Exclusive Durian Tour Packages in Malaysia Offer Unique Culinary Adventures for Fruit Lovers

Malaysia introduces 36 durian travel packages from May to August, offering hotel stays and durian buffets. These packages aim to attract tourists, especially from China and Singapo...

Economy

VDL Shares Insights on Productive Dialogue with Trump Over EU-US Trade Relations

European Commission President Ursula von der Leyen discusses her positive conversation with President Trump, focusing on EU-US trade relations and the importance of reaching a conc...

Economy

Fed's Barr Warns of Trade Policy Uncertainty Impacting Inflation and Growth

Federal Reserve Vice Chair Michael Barr discusses the impact of trade policy uncertainties on inflation and growth, emphasizing the economy's strength but warning of potential chal...

Economy

Italy's Industrial Sector Shows Slight Growth in March: A Glimpse into Economic Resilience

Italy's industrial production saw a slight increase of 0.1% in March, as reported by Istat. This marginal growth could hint at economic resilience, with more insights anticipated t...