Economy News

Economy

Singapore Launches $78,000 Business Adaptation Grant to Counter US Tariffs Impact

Singapore introduces a $78,000 Business Adaptation Grant to help companies, especially SMEs, adjust to US tariffs. The grant supports export-oriented and manufacturing businesses w...

Economy

Shocking Study Reveals: 1 in 4 Americans Struggle with Functional Unemployment Despite Official Low Rates

A study by LISEP reveals that the true unemployment rate in the U.S. may be as high as 24.3%, far exceeding the official 4.2% rate, by including those in part-time or low-wage jobs...

Economy

UK Industrial Production Takes a Hit: May Sees a 0.9% Decline Amid Sectoral Shifts

UK's industrial production declined by 0.9% in May, with mining and quarrying dropping 3.2% and manufacturing falling 1%. However, electricity and gas, along with water supply, saw...

Economy

UK's Trade Deficit Surges to £13.2B Amid Global Trade Policy Shifts

The UK's trade deficit in goods and services widened to £13.2 billion in the three months to May, influenced by changes in US trade policy and fluctuations in exports and imports.

Economy

France's Inflation Climbs to 1% in June: A Detailed Look at the Rising Costs

France's inflation rate rose to 1% in June, up from 0.7% in May, with notable increases in food and services prices, while energy costs saw a significant annual drop but a slight m...

Economy

UK Economy Faces Challenges as GDP Dips 0.1%, Chancellor Reeves Vows Growth Revival

UK Chancellor Rachel Reeves addresses a 0.1% GDP decline, pledging to boost economic growth through investment in transport, housing, and major projects.

Economy

ECB's Schnabel Signals High Hurdle for Further Rate Cuts Amid Inflation Concerns

ECB's Isabel Schnabel discusses the high threshold for further rate cuts, citing expected inflation trends and dismissing concerns over the euro's strength and its impact on inflat...

Economy

UK Government and Meta Collaborate to Hire AI Experts for National Advancement

The UK government announces a partnership with Meta to hire up to 10 AI experts, funded by a $1 million grant from Meta through the Alan Turing Institute, aiming to enhance nationa...