World
August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month. Nonfarm payrolls expanded by 142,000 during the month, down from 89,000 in July and below the 161,000 consensus forecast from Dow Jones, according […]
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Trump is no threat to U.S. democracy, according to historian Niall Ferguson
Claims that former U.S. President Donald Trump is a threat to the country’s democracy have been weakened by the legacy of his first term, historian Niall Ferguson said Friday. “I think this whole argument that Donald Trump was going to end democracy and establish some kind of American fascism was blown up because of the […]
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Britain needs extra $1.3 trillion investment for economic growth, report says
City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty Images Britain needs an additional one trillion pounds ($1.3 trillion) in investment in […]
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Hungary’s Orbán says election of new EU Commission ‘neglected’ the desire for change
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Hungarian Prime Minister Viktor Orbán said the previous European Commission was unsuccessful and it’s not clear the new Commission will be any different. “I try to support the Commission as much as I can, but being a rational man, I think we […]
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British competition regulator objects to Google’s ad tech practices
The entrance to Google’s U.K. offices in London. Olly Curtis | Future Publishing | via Getty Images LONDON — Britain’s competition watchdog on Friday issued a statement of objections over Google’s ad tech practices, which the regulator provisionally found are impacting competition in the U.K. In a statement, the Competition and Markets Authority alleged that […]
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Nobel winner Joseph Stiglitz says Fed raised rates ‘too far, too fast’ — and now needs to cut big
Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S. central bank of going “too far, too fast” with monetary policy tightening and making the inflation problem worse. His comments come ahead of Friday’s pivotal release of U.S. jobs data, with investors […]
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Netherlands expands export curbs on chip tools with more ASML equipment impacted
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images The Dutch government on Friday announced it is expanding export restrictions on advanced semiconductor manufacturing equipment, bringing more of ASML‘s machines under curbs. More types of chipmaking tools are now subject to […]
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Once the envy of the world, Germany’s car brands now weigh heavily on its struggling economy
Various vehicles and special parts are displayed at Mercedes-Benz Museum, an automobile museum, welcoming its visitors in Stuttgart, Germany on June 28, 2024.. Gokhan Balci | Anadolu | Getty Images Germany’s car industry was once recognized around the world for its high-quality, innovative combustion engine cars. Owning a German car was a luxury and status […]
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The world just sweltered through its hottest summer on record for the second year running
A man uses an umbrella for shade in Seoul on August 14, 2024, during a prolonged heatwave which has gripped much of the country. Anthony Wallace | Afp | Getty Images The summer of 2024 was the hottest on record, according to the European Union’s climate monitor, extending an alarming run of temperature records that […]
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Deep divisions in battleground Pennsylvania over proposed sale of U.S. Steel to Japanese company
A water tower at the United States Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, US, on Wednesday, Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images WEST MIFFLIN, Pa. — It’s one the few things Vice President Kamala Harris and former President Donald Trump agree on: opposing the sale of U.S. Steel to the Japanese […]
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