Economy News

Economy

UK Manufacturing Sector Struggles Amid Global Trade Tensions in April

The UK manufacturing sector showed slight improvement in April with a PMI rise to 45.4, yet faces challenges from declining output, new orders, and a sharp drop in export demand du...

Economy

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

US Treasury Secretary Scott Bessent advocates for tariff de-escalation with China, citing economic slowdown and the need for cooperation. He suggests revisiting the 'phase one' tra...

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, Tech Sector Leads

In April, the US saw a 62% decrease in job cuts to 105,441, with the tech sector leading the reductions. The government sector's cuts have surged by 680% this year, amid economic a...

Economy

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

The US saw a significant rise in initial jobless claims, with an 18,000 increase to 241,000, exceeding forecasts. The four-week moving average and insured unemployment rate also cl...

Economy

Urgent Call to Action: US Chamber of Commerce Demands Tariff Exclusions to Protect Small Businesses

The US Chamber of Commerce urges the Trump administration to quickly implement a tariff exclusion process to protect small businesses and prevent a recession, warning of irreparabl...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports a 107 Bcf increase in US natural gas inventories for the week ending April 27, totaling 2,041 Bcf. Annual figures show a decline, but stockpiles remain above the fi...

Economy

US Natural Gas Storage Surges by 107 Bcf: A Closer Look at the Latest EIA Report

The EIA reports a 107 Bcf increase in US natural gas inventories for the week ending April 27, totaling 2,041 Bcf. Despite an annual decline, stocks are above the five-year average...

Economy

UK Manufacturing Sector Struggles in April Amid Global Trade Tensions and Rising Costs

The UK manufacturing sector showed slight improvement in April with a PMI rise to 45.4 but continues to face challenges like declining output, new orders, and employment. Export de...