Bulgaria to Join the Eurozone in 2026
The European Commission and the European Central Bank (ECB) have approved Bulgaria’s adoption of the euro, with the currency switch set to occur on January 1, 2026. This milestone makes Bulgaria the
US Inflation Shows Minimal Change Amid Tariff Uncertainty
In April, inflation remained largely unchanged as the effects of President Donald Trump’s newly implemented tariffs had yet to show up in consumer prices, according to a report from the U.S. Commerce
Stocks Surge as Trump Wins 2024 Presidential Election
The U.S. stock market experienced a significant surge on Wednesday, reaching record highs as Donald Trump secured victory in the 2024 presidential election. The Dow Jones Industrial Average surged by 1,434 points,
US GDP Revised Up, Signals Continued Economic Strength
Second-quarter growth jumps to 3.8% on strong consumer spending The United States economy grew more than previously reported in the second quarter, as the Commerce Department’s final estimate showed GDP expanding at
Germany’s 2025 Growth Outlook Raised to 0.2%
Economic institutes adjust forecast amid trade headwinds Germany’s leading economic institutes have slightly upgraded their 2025 growth forecast, now projecting 0.2% expansion for Europe’s largest economy, according to sources familiar with the
UAE and GCC Growth Outlook Strengthens for 2025
Economic growth in the UAE and wider GCC region is forecast to remain strong in 2025, supported by higher oil production, expanding non-oil sectors, and sustained global trade activity. The latest quarterly
ECB Cuts Interest Rates Amid Inflation Revisions and Growth Concerns
The European Central Bank (ECB) announced a 25 basis point interest rate cut on Thursday, reducing the deposit facility rate to 2%, down from a mid-2023 high of 4%. This move follows
Oil Prices Surge Amid Geopolitical Tensions
Oil prices jumped by nearly 2% on Tuesday, reaching a two-week high as escalating geopolitical tensions between Russia and Ukraine, along with the ongoing standoff between the U.S. and Iran, signaled that
U.S. Treasurys Weaken as OECD Cuts Growth Outlook
U.S. Treasury yields pared back earlier gains on Tuesday as investors weighed the U.S. economic growth outlook, following a reduction in estimates by the Organization for Economic Co-operation and Development (OECD). Meanwhile,
China’s Factory Activity Faces Pressure Amid Trade Tensions
China’s factory activity likely contracted for a second consecutive month in May, signaling ongoing struggles amidst trade tensions with major export markets, according to a Reuters poll released on Friday. The factory
Fed Holds Rates Steady Amid Concerns Over Inflation and Tariffs
In the minutes from their May 6-7 meeting, Federal Reserve officials expressed concerns that ongoing tariff disputes could exacerbate inflation and create challenges for future interest rate decisions. Despite these concerns, policymakers
UK Inflation Rises to 3.5% in April, Exceeding Expectations
The United Kingdom’s annual inflation rate reached 3.5% in April, surpassing analyst predictions, as the latest data released by the Office for National Statistics (ONS) revealed. Economists had forecasted the consumer price
Fed President Calls for Patience Amid Tariff Impact
Cleveland Federal Reserve President Beth Hammack emphasized the need for patience and careful analysis in addressing the impact of tariffs on inflation and economic growth. Speaking in her first broadcast interview since