economic uncertainty News

Thyssenkrupp Shares Plummet 9% Amidst Sales Decline and Market Uncertainty

Thyssenkrupp AG's shares fell by 9.14% after reporting a 5% drop in sales for the first half of the fiscal year, citing weak markets and macroeconomic uncertainty. The German steel...

Fed's Jefferson Warns: Rising Tariffs May Fuel Inflation, Economic Uncertainty Looms

Fed Vice Chair Philip Jefferson discusses the potential inflationary effects of higher tariffs, noting uncertainty over their duration. He affirms the current policy rate's adaptab...

Daimler Truck Faces 6% Revenue Drop in Q1 2025 Amid Economic Uncertainties

Daimler Truck's Q1 2025 revenue fell by 6% to €12.4 billion, with net profit and sales also declining. CFO Eva Scherer emphasizes resilience and strategic focus amid economic uncer...

Global Gold Rush: Central Banks, Including India's RBI, Accelerate Gold Reserves Accumulation Amid Economic Uncertainties

Central banks globally, including India's RBI, are significantly increasing their gold reserves as a hedge against inflation and economic uncertainties, with holdings growing from ...

Gold Prices Surge to Near Record Highs Amid Global Economic Uncertainty and Trade Tensions

Gold prices in Vietnam have surged by nearly 46% this year, reaching near historic highs. The State Bank of Vietnam links this to global market expectations and limited supply, whi...

BoE's Bailey Highlights US-UK Trade Deal as Key to Reducing Global Economic Uncertainty

Bank of England Governor Andrew Bailey views the upcoming US-UK trade deal as a significant step towards reducing global economic uncertainty, despite not knowing the full details....

Global Container Market Faces Downturn: Maersk Slashes 2025 Growth Forecast Amid Economic Uncertainties

AP Moller-Maersk A/S cuts its 2025 global container market volume forecast to a 1% decline, citing macroeconomic and geopolitical uncertainties, despite reporting strong Q1 financi...

Dramatic Drop in Gold Bar Prices as Global Markets React to U.S.-China Trade Talks

Gold bar prices in Vietnam saw a 0.4% drop, while global gold prices fell by 1.3% amid optimism over U.S.-China trade talks. The State Bank of Vietnam plans regulatory updates to s...

Federal Reserve Holds Steady: Interest Rates Remain at 4.25%-4.5% Amid Economic Uncertainty

The Federal Reserve has decided to maintain the federal funds rate at 4.25%-4.5%, citing solid economic expansion and a stable labor market, despite elevated inflation and increase...

Gold Prices Soar to Two-Week High Amid Global Economic Uncertainties

Gold prices have surged to a two-week high, with significant increases reported by Saigon Jewelry Company. The State Bank of Vietnam plans regulatory revisions to ensure market int...

April Sees a Sharp Decline in German Business Activity, Signaling Economic Uncertainty

In April, Germany's services sector contracted, with the Services PMI falling to 49.0, below the growth threshold for the first time since November. The Composite PMI also dipped, ...

April Sees a Sudden Halt in German Business Activity, Signaling Economic Uncertainty Ahead

In April, Germany's services sector contracted, with the PMI dropping below 50 for the first time since November, indicating a 14-month low. The Composite PMI also fell, reflecting...

German Services Sector Contracts in April Amid Economic Uncertainty, Marking a 14-Month Low

The German services sector contracted in April, with the PMI falling to a 14-month low of 49.0, amid weaker demand and economic uncertainties, while the Composite PMI barely avoide...

German Services Sector Contracts in April, Marking a 14-Month Low Amid Economic Uncertainty

Germany's services sector contracted in April, with the PMI Business Activity Index falling below the 50.0 threshold for the first time since November, indicating a 14-month low. T...

German Services Sector Contracts in April: A 14-Month Low Signals Economic Uncertainty

The German services sector contracted in April, with the PMI Business Activity Index falling to a 14-month low of 49.0. Despite a slight increase in the Composite PMI Output Index ...

German Business Activity Faces Setback in April as Services Sector Contracts

In April, Germany's services sector contracted, with the PMI Business Activity Index falling below 50.0 for the first time since November, indicating a 14-month low. The Composite ...

April's Economic Slowdown: German Services Sector Contracts Amid Rising Uncertainty

In April, Germany's services sector contracted for the first time since November, with the PMI Business Activity Index dropping to 49.0. The Composite PMI Output Index slightly gre...

German Services Sector Contracts in April Amid Economic Uncertainty, PMI Hits 14-Month Low

Germany's services sector contracted in April, with the PMI dropping to a 14-month low of 49.0, below the growth threshold. The Composite PMI slightly grew to 50.1, supported by ma...

TCS Rewards 70% of Its Workforce with Full Quarterly Variable Pay Amidst Industry Challenges

TCS has awarded 70% of its staff with full quarterly variable pay, while the rest received less based on unit performance. Amid economic uncertainty, the company considers postponi...

German Economy Faces Setback as Services Sector Contracts in April, Marking a 14-Month Low

Germany's services sector contracted in April, with the PMI Business Activity Index falling to 49.0, a 14-month low. The Composite PMI Output Index slightly grew to 50.1, supported...

Continental AG Raises Alarm Over Global Trade Restrictions and Economic Uncertainty

Continental AG warns of the global impact of tariffs and trade restrictions, citing significant uncertainty for the economic outlook. The company reports stable sales but notes a d...

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

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% year-to-date, largely due to DOGE-relat...

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...

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...

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...

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, Yet Year-on-Year Rise Sparks Concern

In April, the US saw a 62% drop in job cuts to 105,441, yet a 63% year-on-year increase. Technology, media, and healthcare sectors were hardest hit, with government cuts soaring du...

US Manufacturing PMI Continues Decline in April Amid Economic Uncertainty

US manufacturing activity declined in April with PMI falling below 50 for the second month, indicating economic uncertainty. Key indexes showed mixed results, with employment sligh...

US Manufacturing Sector Stagnates in April Amid Rising Costs and Economic Uncertainties

The US manufacturing sector remained unchanged in April, with the PMI at 50.2, indicating stagnation amid rising costs and economic uncertainties, according to S&P Global.

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 ...

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

April witnessed a 62% drop in US job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680%, largely due to DOGE-related meas...

April Sees Dramatic 62% Drop in US Job Cuts to 105,441, Technology Sector Hit Hardest

April saw a 62% decrease in US job cuts to 105,441, with technology companies leading the reductions. Government cuts surged by 680% this year, largely due to DOGE-related savings....

Unexpected Slowdown: US Private Sector Adds Only 62K Jobs in April, Missing Forecasts

The US private sector added 62,000 jobs in September, below expectations, amid economic uncertainty. Medium companies added the most jobs, while education and health services saw d...