Economy News

Economy

US Eases Auto Tariffs: A Significant Step Forward for North American Trade Relations

Mexican President Claudia Sheinbaum welcomes the US decision to ease auto tariffs, marking a step forward in trade relations. The move fixes double charges on exports and recognize...

Economy

EU Unveils €910 Million Defense Fund to Boost AI Drones and Stealth Tech, Including Ukrainian Industries

The European Commission is investing €910 million in the 2024 European Defence Fund to modernize defense technologies, including AI drones and stealth tech, with Ukrainian industri...

Economy

Germany's Inflation Rate Dips Slightly to 2.1% in April, Marking a Subtle Economic Shift

Germany's annual inflation rate slightly decreased to 2.1% in April from 2.2% in March, with the CPI rising 0.4% monthly. Core inflation stood at 2.9%, with food prices up 2.8% and...

Economy

US Private Sector Jobs Grow by 62K in April, Falling Short of Analyst Expectations

The U.S. private sector added 62,000 jobs in September, falling below expectations. Medium companies contributed the most, while education and health services saw declines. Economi...

Economy

US Economy Faces Setback: GDP Drops 0.3% in Q1 2025 Amid Rising Tariffs and Inflation

The US GDP fell by 0.3% in Q1 2025, the first decline since 2022, due to increased imports and reduced federal spending. Consumer demand remained strong, but inflation pressures gr...

Economy

March Sees a Surge in US Personal Spending: A 0.7% Increase Unveiled

The US saw a 0.7% increase in personal consumption expenditures in March, with personal income also rising by 0.5%. The PCE price index slightly contracted by 0.1%. Excluding food ...

Economy

March Sees a Surge in US Pending Home Sales with a 6.1% Increase, Highest Since December 2023

In March, US pending home sales jumped by 6.1%, the highest increase since December 2023, with the South region leading the growth. Despite a slight annual decline, the surge indic...

Economy

US Eases Auto Tariffs: A Positive Step for North American Trade Relations Under USMCA

Mexican President Claudia Sheinbaum welcomes the US's decision to ease auto tariffs, marking a positive step in North American trade relations under USMCA. The move addresses doubl...