Economy News

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, What's Behind the Shift?

April witnessed a 62% drop in US job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680%, largely due to DOGE-related meas...

Economy

April Sees Dramatic 62% Drop in US Job Cuts to 105,441, Technology Sector Hit Hardest

April saw a 62% decrease in US job cuts to 105,441, with technology companies leading the reductions. Government cuts surged by 680% this year, largely due to DOGE-related savings....

Economy

US Treasury Secretary Calls for Tariff De-escalation with China Amid Economic Slowdown

US Treasury Secretary Scott Bessent highlights the need for tariff de-escalation with China, citing economic slowdown and potential job losses. Calls for revisiting the "phase one"...

Economy

UK Manufacturing Sector Faces Steep Challenges in April Amid Global Trade Tensions

The UK manufacturing sector experienced slight PMI improvement in April but remains under pressure due to declining output, new orders, and employment. Export demand has sharply fa...

Economy

Janet Yellen Warns: Trump's Trade Levies Could Push US Economy Towards Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade levies could severely impact American economic growth, potentially leading to a recession. Highlighting...

Economy

UK Manufacturing Sector Faces Continued Challenges with Sharp Export Decline in April

The UK manufacturing sector showed a slight improvement in April with a PMI rise to 45.4, yet faces ongoing challenges including output declines and a sharp drop in export demand d...

Economy

Janet Yellen Warns: Trump's Trade Tariffs Could Trigger US Economic Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade tariffs could have "tremendously adverse" effects on the US economy, potentially leading to a recession...

Economy

Skyrocketing Avocado Prices Hit 5-Year Peak Amidst Supply Shortages and Weather Woes

Avocado prices have reached a five-year high due to a significant supply shortage caused by unfavorable weather and farmers shifting to more profitable crops. In HCMC, prices now e...