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,
BoE’s Bailey Urges U.S. to Resolve Trade Issues via Talks
Bank of England (BoE) Governor Andrew Bailey called on the United States to address global economic concerns through diplomatic dialogue rather than import tariffs. Speaking to British lawmakers on Wednesday, Bailey emphasized
Australia’s Economy Expands as Growth Accelerates in Q4
Australia’s economy grew by 1.3% year-on-year in the fourth quarter, marking its first acceleration since September 2023. GDP Growth Exceeds Expectations GDP growth surpassed economists’ expectations of a 1.2% rise, as polled
Japan’s Inflation Climbs, Fueling Rate Hike Expectations
Japan’s inflation rate rose 4% year on year in January, marking its highest level since January 2023 and strengthening the case for rate hikes by the Bank of Japan (BOJ). The core
UK Inflation Rises to 3% in January, Exceeding Expectations
The UK’s **inflation rate** surged to **3%** in January, surpassing analyst expectations, according to data released by the **Office for National Statistics (ONS)** on Wednesday. Economists polled by **Reuters** had forecast a
UK Economy Grows 0.1% in Q4, But Trump’s Tariff Threat Looms
UK GDP Growth Defies Expectations The UK economy grew by 0.1% in the fourth quarter of 2024, outperforming expectations of a slight contraction, according to preliminary data released by the Office for
Bank of England Cuts Rates, Slashes Growth Forecast
The Bank of England has halved its UK growth forecast for 2025, expecting the economy to expand by just 0.75%, down from its previous estimate of 1.5%. The downgrade comes as the
Fed to Hold Rates Steady as Trump Pushes for Cuts
The Federal Reserve is expected to keep its key interest rate unchanged at this week’s policy meeting, despite renewed pressure from President Donald Trump to lower borrowing costs. The decision comes as
American Express Profits Rise 12% as Consumer Spending Surges
American Express Co. reported a 12% increase in profits, fueled by higher-than-expected consumer spending during the holiday season. The company’s strong performance in the fourth quarter signals continued momentum into the new
President-elect Donald Trump Announces $20 Billion Foreign Investment in U.S. Data Centers
Massive Investment Plan Unveiled President-elect Donald Trump announced on Tuesday a $20 billion investment commitment from Emirati billionaire Hussain Sajwani, founder of DAMAC Properties, to build new data centers across the United
Jobless Claims Fall as Labor Market Shows Resilience
The number of new unemployment insurance applications fell to its lowest level since last April, signaling unexpected strength in the labor market even as broader employment conditions cool. For the week ending