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The euro is about to get a new member, Bulgaria. What's the eurozone and how do countries join?
FRANKFURT, Germany (AP) — European Union officials gave the green light Wednesday for of the euro currency union,, a key EU project aimed at deepening the ties between member countries.
Spain's economy minister says 'overtourism' challenges need to be addressed
MADRID (AP) — Spain could receive as many as 100 million tourists this year, according to some projections, which the country’s economy minister said poses challenges for residents that the government can no longer afford to ignore.
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Consumer sentiment rises for 1st time this year as inflation remains tame
WASHINGTON (AP) — Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached with China.
Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%
WASHINGTON (AP) — President Donald Trump’s are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.
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Trump's tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says
WASHINGTON (AP) — President Donald Trump’s would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by .
Germany's new government launches a program to encourage investment and boost the economy
BERLIN (AP) — Germany's new government on Wednesday launched a package of tax breaks and eventual tax cuts for companies, moving to encourage investment as it tries to give new momentum to an economy that has shrunk for the past two years and is expected to .
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Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate
WASHINGTON (AP) — The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate.
Fed minutes: Uncertainty 'elevated' as risks of higher inflation and unemployment rise
WASHINGTON (AP) — Federal Reserve officials agreed to hold off on any interest-rate moves while they evaluated the impact of President Donald Trump's on inflation, unemployment, and the broader economy.
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Argentina's Milei unveils bold plan to lure billions in undeclared dollars back home
BUENOS AIRES, Argentina (AP) — Argentina's government on Thursday unveiled an ambitious scheme to bring billions of undeclared U.S. dollars tucked under mattresses or stashed in foreign bank accounts back into the crisis-prone country, as seeks to boost Argentina's low international currency reserves and stimulate the limping economy.
Germany's economy will stagnate this year as tariffs cast a shadow, advisers say
BERLIN (AP) — Germany's economy will stagnate this year as the country faces headwinds from U.S. President tariffs and trade threats, the government's panel of independent economic advisers said Wednesday.
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Asian shares slide and US futures and dollar drop after Wall Street's winning week
HONG KONG (AP) — Asian shares fell Monday and U.S. futures and the dollar weakened after the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.
US consumer sentiment slides to 3-year lows as trade war raises inflation anxiety
WASHINGTON (AP) — U.S. consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President will worsen inflation.
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UK becomes fastest-growing G7 economy after strong first quarter
LONDON (AP) — The British economy grew at its fastest rate in a year during the first quarter of 2025, official figures showed Thursday, in a welcome boost to the Labour government, which has made lifting the country's growth its top priority.
European economist says Russia's economy is strained due to the Ukraine war and sanctions
BRUSSELS (AP) — Russia’s economy is under growing strain as its drags on and Western sanctions are undermining President Vladimir Putin’s ability to sustain his war, a leading European economist said after briefing finance ministers on Tuesday.
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Federal Reserve official sees signs of slowing economy but not ready to cut rates
WASHINGTON (AP) — A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump's tariffs has caused some businesses to cut back on hiring and spending, threatening to , but he added that it’s not yet clear whether the central bank should cut its key interest rate.
US applications for jobless benefits fall last week despite elevated uncertainty over Trump tariffs
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week despite heightened uncertainty about how will impact the U.S. and global economies.
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Asian shares get a lift from plans for China-US trade talks, Beijing stimulus moves
Shares advanced Wednesday in Asia after the U.S. and China said they are planning in Switzerland later this week.
China launches a blitz of policies to help its economy, plans talks with the US on trade
BEIJING (AP) — China has announced a barrage of measures meant to counter the blow to its economy from U.S. President ’s trade war, as the two sides prepare for
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Asian shares rise as China says it's considering US overtures on Trump's tariffs
HONG KONG (AP) — Asian markets advanced Friday after China’s Commerce Ministry said overtures from the U.S. regarding President Donald Trump’s tariffs.
McDonald's store traffic falls unexpectedly as diners grow uneasy about economy
McDonald’s store traffic fell unexpectedly in the first quarter as weighed on diners.
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Tariff turmoil prompts cloudy forecasts from companies for the year ahead
NEW YORK (AP) — Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate a global trade system severely shaken by a shift in U.S. policy.
Europe saw stronger growth at start of year, but Trump's tariffs have darkened outlook
FRANKFURT, Germany (AP) — Europe’s economy grew more strongly in the first three months of the year, only to see hopes for an ongoing recovery quickly squelched by U.S. President Donald Trump’s trade war.
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China lowers minimum amount for tax refunds for tourists to boost spending
BEIJING (AP) — China announced a lower threshold for tax refunds for foreign tourists among a series of policies on Sunday to boost consumption as during a between Beijing and Washington.
Airlines, rattled by trade war and spending pullback, continue to cut flights, pull outlooks
Major U.S. airlines are reducing their flight schedules and revising or withdrawing their profit outlooks for the year due to less domestic travel demand as sentiment about the national and global economies sours.
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Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump
NEW YORK (AP) — Among the threats tariffs pose to the U.S. economy, none may be as strange as the sell-off in the dollar.
US tariffs will weaken global economy and trigger inflation but not a global recession, IMF says
Surging U.S. tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the International Monetary Fund.
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