Economy News

Economy

Federal Reserve's Lisa Cook Hints at Gradual Rate Cuts Amid Economic Stability

Federal Reserve Governor Lisa Cook indicates a move towards gradual rate cuts as inflation and labor market dynamics stabilize, while highlighting future financial stability concer...

Economy

Germany's Inflation Surges to 2.6% in December, Exceeding Expectations

Germany's inflation rate unexpectedly rose to 2.6% in December, surpassing analyst predictions. The Consumer Price Index increased by 0.4% month-over-month, while food prices went ...

Economy

Prime Minister Calls for Policy Overhauls in HCMC to Secure $200B Investments by 2030

Prime Minister Chinh urges Ho Chi Minh City to implement policy changes to attract $200 billion in investments by 2030, aiming to transform it into a global city with a focus on gr...

Economy

President Biden Implements Sweeping Ban on New Offshore Oil and Gas Drilling to Protect Coastal Ecosystems

President Biden has enacted a sweeping ban on new offshore oil and gas drilling across 625 million acres of US coastal waters, aiming to protect ecosystems and transition towards c...

Economy

Trump Shifts Focus: Targets Critical Imports with Revised Tariff Strategy

President-elect Donald Trump is considering a sector-based universal tariff targeting critical industries like defense and medical supplies, aiming to protect national security wit...

Economy

December Sees a Slight Dip in UK Private Sector Activity Amid Challenges

The UK private sector activity slightly declined in December, with the Composite Output Index dropping to 50.4. The Services PMI Business Activity Index, however, increased to 51.1...

Economy

Eurozone Faces Economic Challenges in Early 2025 Amid Weak Sentix Index

The eurozone's economic challenges persist in early 2025, with the Sentix index at a low since November 2023. Germany's recession deepens, affecting the region, while the US econom...

Economy

December Sees a Boost in France's Composite PMI: A Glimmer of Economic Recovery?

France's PMI Composite Output Index improved in December, indicating a slight recovery in business activity. However, the service sector remains in contraction, with challenges in ...