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US retail sales decline

US retail sales weakened at the start of the year. They fell by 0.2 percent month-on-month in January, as the Department of Commerce announced in Washington on Friday. The retail sector is of great importance to the US economy. Economists had, on average, anticipated a slightly stronger sales decline of 0.3 percent. In the previous month,...

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Trump's tariff defeat, new tariffs: EU assesses consequences

Following the US Supreme Court's decision against president Donald Trump's tariff policy, the EU and other countries are attempting to assess the precise consequences for the global economy. A special session of the legal service and the negotiating team, which was responsible for a customs agreement between the US and the EU, is scheduled for...

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