All 67 people onboard the American Airlines passenger aircraft as well as the US Army helicopter that collided mid-air on Wednesday are believed to be dead, officials said on Thursday, with rescue teams having already recovered 28 bodies. An American Airlines regional jet, American Eagle Flight 5342, collided mid-air with…

Mexico’s economy faced a contraction of 0.6% in the fourth quarter of 2024 as indicated by the preliminary data released on Thursday by the National Institute of Statistics and Geography (INEGI). This decrease was, however, the first quarter-on-quarter decline the country has posted in over three years, thus, underlining the…

The number of Americans filing for unemployment benefits dropped more than expected last week, signaling a still-resilient labor market despite slowing job opportunities. Initial jobless claims fell by 16,000 to a seasonally adjusted 207,000 for the week ending Jan. 25, according to the Labor Department. This was well below economists’…

The Governing Council decided on Thursday to cut the three core ECB interest rates by 25 basis points. As a result, the interest rates on the deposit facility, major refinancing operations, and marginal lending facility will be reduced to 2.75%, 2.90%, and 3.15%, respectively, beginning February 5, 2025. This decision…

The housing market is facing a stark reality check, with sales of existing homes plummeting to a 29-year low. The National Association of REALTORS reports that 2024 witnessed the slowest pace of existing home sales since 1995—the era of dial-up internet and Windows 95. This chilling statistic underscores a complex…

Michigan-based company Dow Inc. announced Thursday that it would lay off 1,500 employees as part of a $1 billion cost-cutting initiative, citing sluggish demand and margin pressures. The announcement sent Dow’s shares tumbling 6.3% in morning trading. Like much of the industry, the chemical giant is grappling with rising input…

The FTSE 100 index has started the year well as it surged to a record high. It moved to a high of £8,645, up by over 75% from its lowest level in 2020 and by 15% in the last 12 months. The next few weeks will be important for the…

The idea that the United States is becoming an oligarchy is no longer confined to academic debate or dystopian speculation. As Donald Trump begins his second term in office, concerns about an American oligarchy are growing. This is mainly due to rising wealth inequality, deregulation, and the consolidation of power…