Economy News

Economy

US Treasury Secretary Scott Bessent Calls for EU to Abolish Internet Tax on American Tech Giants

US Treasury Secretary Scott Bessent urges the European Union to eliminate its internet tax, arguing it unfairly targets US tech companies and creates digital trade barriers, signal...

Economy

US Job Market Shows Resilience: 7.2 Million Openings in March Despite Slight Dip

The US labor market showed resilience in March with 7.2 million job openings, a slight dip from February's 7.6 million. Hires remained steady at 5.4 million, while total separation...

Economy

Sharp Decline in US Consumer Confidence Signals Impending Economic Recession

US consumer confidence plummeted in April to its lowest since the COVID-19 pandemic began, with the Expectations Index hitting a 13-year low, signaling a potential recession. Risin...

Economy

Alarming Drop in US Consumer Confidence Signals Looming Recession Amid Inflation Fears

US consumer confidence sharply declines in April, hitting a low not seen since the early days of the COVID-19 pandemic, with the Expectations Index at a 13-year low, signaling pote...

Economy

March Sees US Job Openings Dip to 7.2 Million, Missing Analyst Predictions

In March, the US job openings slightly decreased to 7.2 million, missing analysts' expectations. The JOLTS report showed steady hires at 5.4 million, while total separations slight...

Economy

US Treasury Secretary Scott Bessent Challenges EU to Scrap Internet Tax on Tech Giants

US Treasury Secretary Scott Bessent urges the EU to scrap its internet tax, arguing it unfairly affects US tech firms and creates trade barriers, hinting at rising US-EU trade tens...

Economy

German Consumer Confidence Rises in May Amid Global Trade Policy Shifts

German consumer confidence is expected to improve in May, despite global trade policy shifts. Experts believe the formation of a new government and successful coalition talks may m...

Economy

Spain Bounces Back: 99.16% Power Restoration Achieved After Massive Iberian Peninsula Blackout

Spain has restored 99.16% of its power demand after a massive blackout on the Iberian Peninsula, with all transmission grid substations now operational. Portugal has also made sign...