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Economy

Finance & Stock Market

Economy

Finance & Stock Market

USA and Japan help the Yen

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The Yen is weak. USA and Japan buy the money. This helps the world.

Economy

Finance & Stock Market

Inflation in Austria drops to 2,7 percent

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The inflation in Austria drops in July to 2,7 percent. Food costs less because the tax drops.

Economy

Finance & Stock Market

Less money at the cash machine

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Some cash machines in Austria give less money at once. The limit falls from 400 euro to 200 euro. People must use the machine more often.

Economy

Finance & Stock Market

Big banks make much profit

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The banks UBS and Deutsche Bank earned a lot of money. Both firms increased their profit a lot compared to last year.

Economy

Finance & Stock Market

Apple makes a new record

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Apple is now worth over 5 trillion dollars. The company starts a new rent system for devices in the USA.

Economy

Finance & Stock Market

Interest rates in Europe stay the same

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The European Central Bank keeps the interest rates the same. The main rate stays at 2.25 percent. Experts like this step.

Economy

Finance & Stock Market

Europe wants the digital euro

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The EU Parliament agrees to talk about the digital euro. It is new money. It is an addition to cash. It makes paying in Europe more free from US firms.

Economy

Finance & Stock Market

Unrest in the financial markets

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The gold price falls fast. Many tech stocks lose value. The reason is fear of high interest rates.

Economy

Finance & Stock Market

Alan Greenspan is dead

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Alan Greenspan is dead. He was 100 years old. He was a very powerful boss of the US bank. People remember him for his long work in the finance world.

Economy

Finance & Stock Market

War in Iran causes a global oil crisis

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War in Iran creates a big oil crisis. People all over the world feel it. Companies and countries must change how they work. Saving resources is very important now.

Economy

Finance & Stock Market

Possible interest rate rise by the ECB

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Martin Kocher from the Austrian Central Bank talks about interest rates. If prices keep rising, the ECB must raise the interest rates soon.