Economy News

Economy

March Sees a Surprising 0.4% Drop in US Producer Prices, Signaling Economic Shifts

The US producer price index fell by 0.4% in March, with a significant portion of the decrease attributed to a drop in goods prices. Despite the monthly dip, annual figures show a 2...

Economy

Chancellor Rachel Reeves Stands Firm: No Income Tax, VAT, or National Insurance Hikes

British Chancellor Rachel Reeves has pledged not to increase income tax, VAT, or National Insurance, upholding Labour's pre-election promise. Despite fiscal pressures, the governme...

Economy

Kashkari Warns: U.S. Tariffs Could Fuel Inflation, Challenging Fed's Strategy

Minneapolis Fed President Neel Kashkari discusses the impact of U.S. tariffs on inflation and economic growth, noting the Fed's challenge in ensuring tariffs don't lead to long-ter...

Economy

March Sees a Surprising 0.4% Drop in US Producer Prices: What's Behind the Decline?

The US producer price index fell by 0.4% in March, with a significant drop in goods prices. Annually, prices rose by 2.7%, while core PPI excluding volatile items increased by 3.4%...

Economy

Chancellor Rachel Reeves Pledges No Increase in Income Tax, VAT, or National Insurance, Upholding Labour's Election Promise

British Chancellor Rachel Reeves commits to not increasing income tax, VAT, or National Insurance, fulfilling Labour's pre-election promise. Despite fiscal adjustments, working peo...

Economy

China Escalates Trade War with US, Raising Tariffs to 125% in Retaliation

China responds to US tariff hikes by increasing its own tariffs on US goods from 84% to 125%, starting April 12. The Chinese Finance Ministry criticizes the US's economic strategy,...

Economy

ECB's Villeroy Warns Against Trump's Financial Deregulation: A Path to Future Crises

ECB's Francois Villeroy de Galhau criticizes Trump's financial deregulation agenda, warning it could lead to future crises. He urges the EU to remember the 2008 banking crisis less...

Economy

EU Strengthens Energy Security with Two-Year Extension of Gas Storage Regulations

The European Commission has approved a two-year extension of gas storage regulations to enhance energy security and protect against market volatility, offering member states greate...