Economy News

Economy

Fitch Warns: US Tariffs on Auto Imports Could Drive Up Prices and Reshape Global Car Market

Fitch Ratings reports that US tariffs on auto imports could lead to higher prices and reduced demand, affecting global automakers unevenly. Some may struggle to adjust, potentially...

Economy

Fitch Ratings Warns: US Tariffs Pose Significant Challenges for Global Carmakers

Fitch Ratings reports that US tariffs on auto imports could lead to higher prices and reduced demand, affecting global carmakers differently. Some may struggle to adjust, while con...

Economy

Germany's Retail Sector Booms: February Sees a 4.9% Surge in Sales

Germany's retail trade showed strong growth in February with a 4.9% increase in real terms year-on-year, according to Destatis. Both food and non-food sectors contributed to this u...

Economy

ECB's Lagarde Warns: A Trade War Between EU and US Is a Lose-Lose Scenario for All

ECB President Christine Lagarde warns of the mutual risks in a potential EU-US trade war, calling it a "lose-lose scenario." She also discusses the challenges of controlling inflat...

Economy

February Sees a Dip in UK Mortgage Approvals Amid Rising Loan Rates

The Bank of England reports a slight decrease in UK mortgage approvals for February, alongside reductions in remortgaging and consumer credit. Loan rates have risen, yet mortgage d...

Economy

Italy's Inflation Climbs to 2% in March: Energy and Tobacco Prices Lead the Surge

Italy's annual inflation rate rose to 2% in March, driven by higher prices in non-regulated energy products, tobacco, and certain services. Core inflation remained stable, while th...

Economy

Putin Keeps Door Open for Trump Talks Amid Ukraine Tensions, Kremlin Confirms

Kremlin spokesperson Dmitry Peskov stated that Vladimir Putin remains open to dialogue with Donald Trump, amidst tensions over Ukraine. Putin proposed a provisional administration ...

Economy

Germany's Inflation Rate Dips Slightly to 2.2% in March, Marking a Gentle Decline

Germany's inflation rate slightly decreased to 2.2% in March from 2.3% in February, with food prices rising and energy prices falling, as reported by Destatis.