US Business Inventories Show Steady Growth with a 0.2% Increase in February
US business inventories saw a 0.2% rise in February, totaling $2,590 billion, with a 2.1% annual increase, indicating steady economic growth.
Economy News
March Sees a Surprising 1.4% Surge in US Retail Sales, Defying Economic Expectations
US retail sales grew by 1.4% in March, reaching $734.9 billion, with a 4.6% increase from March 2024. Motor vehicle and parts dealers led the growth with an 8.8% jump, while nonsto...
Italy's Inflation Climbs to 1.9% in March: A Slight Increase from February's Figures
Italy's inflation rate rose to 1.9% in March, up from 1.6% in February, with the CPI increasing by 0.3% monthly and core prices up by 1.7% year-over-year. The HICP also saw growth.
China Condemns White House Over New Tariff Policies and National Security Probe
Chinese Foreign Ministry spokesperson Lin Jian criticized the White House for new tariffs up to 245% and a national security probe into imports, asserting China's right to defend i...
President Trump Set to Engage in Crucial Tariff and Defense Talks with Japan Today
US President Donald Trump is set to discuss trade tariffs and defense expenses with Japanese officials, aiming for a deal beneficial to both nations. Despite Japan's significant in...
US Mortgage Applications Plummet by 8.5% Amid Rising Interest Rates and Economic Uncertainty
Mortgage applications in the U.S. fell by 8.5% last week, with rising interest rates and economic uncertainty cited as key factors. The purchase and refinance indexes also dropped,...
Global Economy on the Brink: UN Warns of Slowing Growth to 2.3% Amid Trade Tensions
The UNCTAD warns of a potential slowdown in global economic growth to 2.3% in 2025, citing trade tensions and uncertainty as major concerns. The report also highlights varying grow...
Global Economic Slowdown Looms: UN Predicts Growth Could Drop to 2.3% by 2025
UNCTAD warns of a potential global economic slowdown to 2.3% growth by 2025, citing trade tensions and policy uncertainties. The report highlights varying growth projections for th...
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