Economy News

Economy

US Oil Reserves Surge: A Million Barrel Increase Stirs Market Speculations

The United States has seen a notable increase in its crude oil, distillate, and gasoline inventories, with Cushing, Oklahoma, also reporting a rise in reserves. This development co...

Economy

Reeves Asserts UK's Minimal Impact on US Trade Deficit Amid Trump's Concerns

British Chancellor Rachel Reeves clarifies that the UK does not contribute to the US trade deficit, highlighting increased trade during Trump's previous term.

Economy

Spain's Treasury Shatters Records with €140 Billion Demand for 10-Year Bond

Spain's Treasury has reported an unprecedented €140 billion demand for its new 10-year syndicated bond, matching the 2024 record and marking the year's largest issuance. The high d...

Economy

Microsoft CEO Satya Nadella Advocates for Enhanced Energy Infrastructure in Talks with President Trump

Microsoft CEO Satya Nadella discusses with President Trump the importance of AI and the need for enhanced energy infrastructure. Microsoft also announces a shift in its partnership...

Economy

JPMorgan CEO Jamie Dimon Advocates for Tariffs as a Tool for National Security

JPMorgan Chase & Co CEO Jamie Dimon discusses the role of tariffs in national security, the impact of a strong dollar on the economy, and critiques the US bureaucracy, advocating f...

Economy

US Mortgage Applications See a Slight Increase Amid Falling Interest Rates

Mortgage applications in the US increased by 0.1% as of October 17, with a decrease in the average interest rate for 30-year fixed-rate mortgages to 7.02%. The Purchase and Mortgag...

Economy

Germany's Economy Faces Continued Stagnation in Early 2025, Bundesbank Reports

The Deutsche Bundesbank forecasts continued economic stagnation for Germany in early 2025, with high inflation rates expected to decrease in the coming months, offering some relief...

Economy

Boosting Wages to Two-Thirds of Singapore's Pay Could Lure Malaysian Talent Back Home

Malaysia proposes raising wages to two-thirds of Singapore's levels to address the brain drain of skilled workers. Initiatives include a minimum wage hike and investments in educat...