09 May 2025, Bavaria, Gmund Am Tegernsee: Katherina Reiche (CDU), Federal Minister for Economic Affairs and Energy, takes part in the Ludwig Erhard Summit. Representatives from business, politics, science and the media are taking part in the three-day summit. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images)Picture...
Category: Economy
Why the Bank of England governor thinks uncertainty is here to stay despite a trade deal
Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty ImagesBank of England Governor Andrew Bailey told CNBC on Thursday that the U.K. was heading...
China risks a spiral into deeper deflation as it diverts U.S.-bound exports to domestic market
SHENZHEN, CHINA - APRIL 12: A woman checks her smartphone while walking past a busy intersection in front of a Sam's Club membership store and a McDonald's restaurant on April 12, 2025 in Shenzhen, China. Cheng Xin | Getty Images NewsAs sky-high tariffs kill U.S. orders for Chinese goods, the...
Euro zone inflation unchanged at 2.2% in April, leaving path open for further ECB interest rate cuts
Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025.Michael Nguyen/NurPhoto via Getty ImagesEuro zone inflation was unchanged at 2.2% in April, missing expectations for a move lower, flash data from statistics agency Eurostat showed...
U.S. payroll growth totals 177,000 in April, defying expectations
Job growth was stronger than expected in April despite worries over the impact of President Donald Trump's blanket tariffs against U.S. trading partners.Nonfarm payrolls increased a seasonally adjusted 177,000 for the month, slightly below the downwardly revised 185,000 in March but above the Dow Jones estimate for 133,000, the Bureau...