Economy News

Economy

Breaking: Trump Imposes 25% Tariffs on Mexico and Canada, Sparks Trade War Fears

President Donald Trump has announced a 25% tariff on imports from Mexico and Canada, effective February 1, sparking fears of a trade war. Both countries have threatened retaliation...

Economy

Surprising Growth: US Economy Expands by 2.3% in Q4 2024 Amidst Challenges

The US economy grew by 2.3% in Q4 2024, missing estimates, with the PCE price index rising by 2.3%. Annual GDP growth was 2.8%, with inflation indicators showing a steady increase.

Economy

ECB Slashes Interest Rates Again: A Bold Move Towards Economic Stability

The European Central Bank has implemented a 25 basis point cut in its key interest rates for the fourth consecutive time, aiming to stabilize the economy and achieve a 2% inflation...

Economy

U.S. Sees a Significant Drop in Initial Jobless Claims, Signaling Economic Resilience

The United States reports a significant decrease in initial jobless claims, with a drop to 207,000 for the week ending January 25, indicating a resilient labor market despite missi...

Economy

ECB President Lagarde Forecasts Near-Term Economic Weakness in Eurozone

ECB President Christine Lagarde discusses the near-term economic challenges in the Eurozone, highlighting weak consumer confidence and contracting manufacturing. Despite these issu...

Economy

ECB's Christine Lagarde Assures Bitcoin Will Not Be Held by Central Banks

ECB President Christine Lagarde confirms that central banks within the ECB's General Council will not hold Bitcoin, citing the need for reserves to be secure and free from criminal...

Economy

Christine Lagarde Warns of Trade Friction Impact on Eurozone's Economic Growth

ECB President Christine Lagarde warns of the potential negative impact of global trade friction and geopolitical tensions on Eurozone's economic growth and inflation outlook, while...

Economy

Unanimous Decision by ECB to Cut Rates: What It Means for the Economy

ECB President Christine Lagarde announced a unanimous decision to cut key interest rates by 25 basis points, signaling a unified approach to current economic challenges. Lagarde al...