Browsing: Economy

German unemployment has surged beyond 3 million, highlighting a dramatic increase amid persistent economic struggles. This alarming rise intensifies concerns over the stability of the job market in Europe’s largest economy, DW reports

Nigerian President has called for the swift return of Brazil’s Petrobras to Nigerian oil projects, signaling an exciting new chapter of collaboration and investment in the energy sector, Reuters reports

Young Canadians are facing a surge in unemployment as job opportunities rapidly vanish, raising urgent alarms about the country’s economic future. Experts warn that this alarming pattern could signal deeper challenges jeopardizing Canada’s recovery and long-term prosperity

Italy is considering a bold new tax on banks to strengthen its budget, Bloomberg reports. This strategic move aims to boost government revenues amid economic challenges and rising fiscal pressures

Germany’s economy contracted in the latest quarter, signaling mounting challenges ahead. Surging inflation, skyrocketing energy costs, and global uncertainties are weighing heavily, casting a shadow over Europe’s largest economy, according to Semafor

Germany’s economy is contracting more rapidly than expected, sending shockwaves through global investors. A steep drop in industrial production, coupled with weak exports, signals potential ripple effects that could impact markets worldwide

Scott Bessent, a renowned investor, raises a red flag, warning that Japan is dangerously “behind the curve” on interest rates. As global central banks accelerate their monetary tightening, he shines a spotlight on the growing risks tied to Japan’s slow pace in raising rates

President Trump has just extended the tariff truce with China by another three months, hitting the pause button on new levies as trade talks gain momentum. This strategic move aims to ease tensions and open the door for meaningful progress between these two economic powerhouses

Japan’s Nikkei skyrocketed to a record-breaking high, propelled by SoftBank sparking a dynamic tech rally driven by stellar earnings and soaring investor excitement. This surge signals a renewed wave of optimism in Japan’s bright growth prospects

S&P Global has just boosted India’s sovereign credit rating to BBB-the first upgrade since 2007! This exciting milestone reflects stronger economic fundamentals and powerful fiscal reforms, sparking increased investor confidence even amid global uncertainties

Argentina’s economy has skyrocketed year-on-year following the rollout of Javier Milei’s bold austerity measures, signaling a potentially game-changing turning point amid ongoing financial challenges, experts reveal

India is gearing up for major cuts to consumption taxes by October, aiming to ignite economic growth, Reuters reports. This bold step is designed to spark consumer spending and drive recovery in the face of global uncertainties

Argentina’s bishops have delivered a strong rebuke of Javier Milei’s economic policies, warning that they risk deepening social inequality. The Catholic Church urges a gentler, more compassionate approach to economic reform

Spain’s booming economy masks the harsh reality faced by its strawberry pickers, who endure low wages and grueling working conditions. Beneath the surface of national prosperity, their struggle reveals the stark social inequalities that continue to be ignored

Former President Donald Trump has delivered a bold warning that the US risks losing the chance to finalize a trade deal with Canada, highlighting ongoing disputes. Despite continued talks, officials say tensions over tariffs and market access are driving growing uncertainty

Argentina’s President Javier Milei has vetoed a pension increase passed by Congress, citing a lack of funds. This decision intensifies the already mounting tensions as the country battles ongoing economic challenges

China’s economy is caught in a relentless downward spiral, weighed down by slowing growth, soaring debt, and weakening global demand. Experts warn that this dangerous cycle could destabilize the nation and erode China’s power on the world stage

Germany is staring down a massive €170bn budget gap, even after heavy borrowing, raising serious concerns about its fiscal health. This shortfall highlights the growing hurdles for Europe’s largest economy as it struggles with soaring costs and sluggish growth

Argentina is making daring moves to replenish its dangerously low cash reserves amid mounting economic challenges. The government’s bold shock therapy aims to steady the economy and spark renewed investor confidence, Bloomberg reports

Trump’s trade deal with the EU paves the way to cut tariffs and turbocharge exports, promising lower prices on everyday items for American consumers. Experts weigh in on how this could impact wallets nationwide