Economy News

Economy

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

The UK manufacturing sector experienced slight PMI growth in April but continues to struggle with declining output, orders, and employment due to global trade tensions and potentia...

Economy

Janet Yellen Warns: Trump's Trade Tariffs Could Push US Into Recession

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

Economy

US Treasury Secretary Calls for De-escalation of China Tariffs Amid Economic Slowdown

US Treasury Secretary Scott Bessent emphasizes the need for tariff de-escalation with China, highlighting economic slowdown and potential job losses. Calls for revisiting the 'phas...

Economy

April Sees a Dramatic 62% Drop in US Job Cuts, Yet Yearly Figures Rise by 63%

April saw a 62% drop in US job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680% this year, reflecting broader economic ...

Economy

Unexpected Surge: US Jobless Claims Jump by 18,000, Signaling Economic Turbulence Ahead

The US saw an unexpected increase in initial jobless claims by 18,000 to 241,000, exceeding forecasts. The four-week moving average and insured unemployment rate also rose, signali...

Economy

US Chamber of Commerce Urges Trump Administration for Immediate Tariff Exclusions to Protect Small Businesses

The US Chamber of Commerce calls on the Trump administration to quickly establish a tariff exclusion process to prevent recession and protect small businesses from irreparable harm...

Economy

Surprising Spike in US Jobless Claims: An 18,000 Increase to 241,000 Signals Economic Shifts

The US saw an unexpected rise in initial jobless claims by 18,000 to 241,000, exceeding forecasts. The four-week moving average and insured unemployment rate also increased, indica...

Economy

US Chamber of Commerce Urges Trump Administration for Immediate Tariff Exclusion to Protect Small Businesses

The US Chamber of Commerce urges the Trump administration to quickly establish a tariff exclusion process to protect small businesses and prevent economic recession, highlighting t...