Reeves Asserts UK's Minimal Impact on US Trade Deficit Amid Trump's Concerns
British Chancellor Rachel Reeves clarifies that the UK does not contribute to the US trade deficit, highlighting increased trade during Trump's previous term.
Economy News
Spain's Treasury Shatters Records with €140 Billion Demand for 10-Year Bond
Spain's Treasury has reported an unprecedented €140 billion demand for its new 10-year syndicated bond, matching the 2024 record and marking the year's largest issuance. The high d...
Microsoft CEO Satya Nadella Advocates for Enhanced Energy Infrastructure in Talks with President Trump
Microsoft CEO Satya Nadella discusses with President Trump the importance of AI and the need for enhanced energy infrastructure. Microsoft also announces a shift in its partnership...
JPMorgan CEO Jamie Dimon Advocates for Tariffs as a Tool for National Security
JPMorgan Chase & Co CEO Jamie Dimon discusses the role of tariffs in national security, the impact of a strong dollar on the economy, and critiques the US bureaucracy, advocating f...
US Mortgage Applications See a Slight Increase Amid Falling Interest Rates
Mortgage applications in the US increased by 0.1% as of October 17, with a decrease in the average interest rate for 30-year fixed-rate mortgages to 7.02%. The Purchase and Mortgag...
Germany's Economy Faces Continued Stagnation in Early 2025, Bundesbank Reports
The Deutsche Bundesbank forecasts continued economic stagnation for Germany in early 2025, with high inflation rates expected to decrease in the coming months, offering some relief...
Boosting Wages to Two-Thirds of Singapore's Pay Could Lure Malaysian Talent Back Home
Malaysia proposes raising wages to two-thirds of Singapore's levels to address the brain drain of skilled workers. Initiatives include a minimum wage hike and investments in educat...
ECB's Villeroy Predicts 100 Basis Points Rate Cut by Summer 2025 Amid Inflation Concerns
ECB's Francois Villeroy predicts a 100 basis point rate cut by summer 2025, discusses potential inflationary effects from US policies, and the possibility of decoupling ECB and Fed...
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