In April, the total amount of consumer loans issued in the eurozone rose by 1.9% compared to the same period last year, reaching €6.99 trillion, states the European Central Bank. The increase in the indicator's rate reached its highest point since May 2023. Analysts polled by Trading Economics...

International Data Corporation (IDC) has revised down its prediction for the growth of global smartphone shipments in 2025 to 0.6%, a decrease from the February estimate of 2.3%. IDC's press release indicated that high overall uncertainty, a volatile duty situation, and various macroeconomic...

U.S. consumers are pulling back on spending despite historically low unemployment and steady wage gains, driven by a mix of economic uncertainty, rising living costs, and concerns over future price pressures. April data showed only a modest increase in household outlays, with many Americans...

Despite escalating trade tensions and headline‐grabbing tariff threats, the global economy is experiencing a burst of activity often described as a “sugar rush”—a brief, calorie-rich boost from advance purchases and policy reprieves that propels growth beyond what many expected. Manufacturers have...

Fresh off a rally in Pennsylvania, where he lauded a major steel investment deal, President Donald Trump announced plans to double existing tariffs on imported steel and aluminum from 25% to 50%. The move, set to take effect in early June, is ostensibly designed to bolster domestic metal producers...

Germany’s newly formed coalition government has announced plans to introduce a 10% levy on the digital revenues of major online platforms operating within its borders, a move aimed squarely at industry leaders such as Google and Facebook. The tax, slated for implementation early next year, is...

A landmark decision by the U.S. Court of International Trade has thrown President Donald Trump’s signature tariff program into disarray, ruling that his broad-based levies imposed under emergency economic powers exceeded presidential authority. The unanimous three-judge panel concluded that the...

The European Commission (EC) announced on Wednesday that the European Union and the United Arab Emirates (UAE) have officially begun discussions on a bilateral free trade agreement. The commencement of trade talks between the EU and the UAE marks a significant milestone. EC chief Ursula von der...

Major U.S. banks are edging into the cryptocurrency arena, driven by a mix of client demand, revenue diversification, and the promise of blockchain-powered efficiencies. While regulators have offered cautious encouragement, banks remain wary of committing heavily until they receive clearer...