Economy News

Economy

Significant Weekly Drop in US Crude Oil Inventories: A Closer Look at the Numbers

The latest EIA report shows a significant weekly drop in US commercial crude oil inventories, alongside decreases in refinery inputs and production levels. Crude oil imports rose, ...

Economy

US Natural Gas Reserves Witness a Significant Drop: EIA Reports a 223 Bcf Decrease

The Energy Information Administration reports a 223 Bcf decrease in US natural gas inventories for the week ending January 17, with current levels still above the five-year average...

Economy

A Glimpse of Hope: Eurozone Consumer Confidence Sees Slight Improvement in January

The Eurozone's consumer confidence indicator slightly improved in January, according to a European Commission report, while the EU's indicator remained unchanged, both still below ...

Economy

U.S. Jobless Claims Rise Slightly to 223,000, Signaling Labor Market Resilience

The U.S. labor market shows signs of resilience as initial jobless claims rise slightly to 223,000, with the insured unemployment rate remaining steady at 1.2%. The 4-week moving a...

Economy

WTO Chief Warns Against Retaliatory Tariffs Amid Trump's Trade Policies

WTO Director-General Dr. Ngozi Okonjo-Iweala warns against retaliatory tariffs in response to Trump's policies, highlighting potential catastrophic impacts on global GDP and advoca...

Economy

EU and US Strengthen Strategic Alliance Amid Trade Tensions, Dombrovskis Affirms

At the World Economic Forum, EU Trade Commissioner Valdis Dombrovskis emphasized the strategic alliance between the EU and US amidst trade tensions. President Trump's discontent wi...

Economy

Turkey Slashes Interest Rates to 45%: A Bold Move Towards Economic Stability

The Central Bank of Turkey cuts its policy rate to 45% in response to inflation trends, reaffirming its commitment to achieving price stability and a 5% inflation target through ti...

Economy

Germany's Economic Challenges: Finance Minister Calls for Structural Reforms

German Finance Minister Joerg Kukies highlights Germany's structural economic challenges, urging for reforms to stimulate growth, improve domestic business conditions, and invest i...