Economy News

Economy

UK and US Edge Closer to a Mutually Beneficial Trade Deal, Chancellor Reeves Reveals

UK Chancellor Rachel Reeves met with US Treasury Secretary Scott Bessent to discuss a trade deal beneficial for both countries, emphasizing prosperity and non-negotiable standards.

Economy

SEC Chair Pledges to Clarify Cryptocurrency Regulations for a Brighter Future

SEC Chair Paul Atkins vows to introduce clear regulations for the cryptocurrency market, addressing past regulatory uncertainties and promising a brighter future for innovation and...

Economy

Bank of Russia Holds Steady: Key Interest Rates Remain at 21% Amid Inflation Battle

The Bank of Russia keeps its key interest rates steady at 21%, aiming to combat inflation and achieve a 4% target by 2026. Inflation forecasts for 2025 remain between 7% and 8%, wi...

Economy

UK Chancellor Rachel Reeves Prioritizes EU Trade Ties Over US, Signaling a Shift in Global Trade Dynamics

British Chancellor Rachel Reeves underscores the UK's focus on strengthening trade with the EU over the US, citing proximity and economic ties. Efforts include meetings with Europe...

Economy

April's Alarming Dip: US Consumer Confidence Hits a New Low Amid Economic Uncertainty

US consumer confidence in April saw a dramatic decline, with the sentiment index falling to 52.2, an 8.4% drop from March and a 32.4% decrease year-over-year, highlighting growing ...

Economy

Inflation in Russia Expected to Decline by May, Central Bank Governor Predicts

Russian Central Bank Governor Elvira Nabiullina forecasts a decrease in inflation by May, despite maintaining a cautious stance due to potential temporary upticks in July. The key ...

Economy

US Oil Rig Count Rises Slightly to 483 Amidst Annual Decline, Baker Hughes Reports

The U.S. oil rig count slightly increased to 483, with a notable annual drop. Gas rigs also saw a minor rise, while Canada's rig count decreased. Baker Hughes provides the latest f...

Economy

UK and US Edge Closer to Historic Trade Deal: What It Means for Both Nations

UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discuss a trade agreement to boost economic prosperity, with the UK ready to remove trade barriers but firm on s...