Economy News

Economy

EU Unveils €910 Million Defense Fund to Boost Innovation and Support Ukraine Amid Rising Threats

The European Commission invests €910 million under the 2024 European Defence Fund to modernize defense technologies, including AI drones and stealth systems, with Ukrainian industr...

Economy

Germany's Inflation Rate Dips Slightly to 2.1% in April, Core Inflation Holds Steady at 2.9%

Germany's inflation rate slightly decreased to 2.1% in April from 2.2% in March, with core inflation at 2.9%. Food prices rose by 2.8%, while energy prices fell by 5.4%. The HICP i...

Economy

Surprising Growth: US Private Sector Adds 62K Jobs in April Amid Economic Uncertainty

The US private sector added 62,000 jobs in September, below analysts' expectations, amid economic uncertainty. Medium companies led the growth, while the service sector saw signifi...

Economy

US Economy Takes a Hit: GDP Drops 0.3% in Q1 2025 as Tariff Pressures Mount

The US GDP fell by 0.3% in Q1 2025, the first decline since 2022, due to increased imports and reduced federal spending. Consumer demand remained strong, but inflation pressures gr...

Economy

March Sees a 0.7% Surge in US Personal Spending Amid Economic Fluctuations

In March, US personal spending increased by 0.7%, with personal income also seeing a rise. The PCE price index showed a slight decrease, indicating mixed economic signals.

Economy

March Sees a Surge in US Pending Home Sales with a 6.1% Increase, Signaling a Robust Housing Market

US pending home sales jumped 6.1% in March, the highest since December 2023, with the South leading at 9.8% increase. NAR's Lawrence Yun links the surge to job growth and buyer sen...

Economy

US Eases Auto Tariffs: A Significant Step Forward for North American Trade Relations

Mexican President Claudia Sheinbaum welcomes the US decision to ease auto tariffs, marking a step forward in trade relations. The move fixes double charges on exports and recognize...

Economy

EU Unveils €910 Million Defense Fund to Boost AI Drones and Stealth Tech, Including Ukrainian Industries

The European Commission is investing €910 million in the 2024 European Defence Fund to modernize defense technologies, including AI drones and stealth tech, with Ukrainian industri...