Economy News

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...

Economy

U.S. Job Market Faces Pressure as Initial Jobless Claims Spike to 241,000

The U.S. Department of Labor reported an unexpected increase in initial jobless claims to 241,000, exceeding forecasts. The four-week average and insured unemployment rates also ro...

Economy

US Chamber of Commerce Urges Trump Administration for Immediate Tariff Exclusion Process 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, highlighting the risk...

Economy

UK Manufacturing Sector Struggles in April Amid Global Trade Tensions

The UK manufacturing sector experienced slight growth in April's PMI but continues to face challenges due to global trade tensions, declining export demand, and potential US tariff...

Economy

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

Janet Yellen warns that Trump's trade levies could severely impact US economic growth, potentially leading to a recession by disrupting businesses dependent on Chinese imports, ami...