Economics

In the latest Eurostat report, Luxembourg finds itself among the lowest-ranking European Union countries for renewable electricity consumption in 2025. Despite an overall increase in renewable energy use across the …

In a significant development in US trade policy, President Donald Trump has announced the imposition of new tariffs on imports from over 80 countries, effectively replacing a recently expired 10% …

The UK economy showed modest growth in May, registering a 0.1% increase, following a slight dip of the same percentage in April. This growth was largely powered by a 0.3% …

In June, the United States saw a slowdown in annual inflation, which eased to 3.5%, largely due to a temporary drop in energy prices that helped lower general consumer costs. …

The United Kingdom’s government borrowing in May surpassed expectations, underlining the fiscal difficulties the country faces amidst economic uncertainties related to the ongoing Middle East conflict. Official data reveals that …

Japan’s government is planning to slash the consumption tax on food products from the current 8% to 1% for a two-year span starting in April 2027. This revised proposal emphasizes …

The Japanese government has approved a supplementary budget of 3.113 trillion yen, roughly $19.5 billion, to alleviate the burden of soaring energy costs due to the ongoing instability in the …

The UK housing market is reeling from a sudden contraction in mortgage availability and a sharp rise in fixed-rate costs. Even as global tensions eased slightly with a pause in …

Canada’s manufacturing activity took a hit in January, falling to $68.7 billion as the automotive sector experienced a sudden slowdown. A 3% monthly decrease in overall sales reflected the quietest …

Official figures released on Friday show the UK economy unexpectedly flatlined at the beginning of the year, undermining the government’s efforts to kickstart national growth. The 0% GDP reading for …