Economy News

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...

Economy

Urgent Call for De-escalation: US Treasury Secretary Bessent Advocates Reduced Tariffs with China

US Treasury Secretary Scott Bessent calls for a reduction in tariffs with China, highlighting the economic slowdown and potential job losses. He suggests revisiting the "phase one"...

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, Challenger Reports

In April, the US saw a 62% decrease in job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680% this year, largely due to D...

Economy

Surge in US Jobless Claims: Initial Filings Rise by 18,000 to 241,000, Exceeding Expectations

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

Economy

Urgent Call to Action: US Chamber of Commerce Seeks Tariff Exclusions to Protect Small Businesses from Recession

The US Chamber of Commerce urges the Trump administration to quickly implement a tariff exclusion process to avoid a recession and protect small businesses from irreversible damage...

Economy

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

The UK manufacturing sector showed a slight improvement in April with a PMI rise to 45.4, yet faces challenges like declining output, new orders, and employment, exacerbated by glo...

Economy

US Treasury Secretary Calls for Strategic De-escalation of Tariffs with China to Avert Economic Fallout

US Treasury Secretary Scott Bessent advocates for tariff de-escalation with China, citing economic slowdown and potential job losses. Proposes revisiting Trump's phase one deal to ...

Economy

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

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