According to a Reuter’s report, Germany’s job market has reached a symbolic threshold not seen in a decade, with more than three million people now unemployed. The Federal Labour Office reported on Friday that the number of jobseekers climbed to 3.02 million in August, an increase of 46,000 from July.…
India and Japan have agreed on a major investment target that underscores the shift in Asia’s economic partnerships. Prime Minister Narendra Modi, during his visit to Tokyo on Friday, confirmed that Japan will invest 10 trillion yen in India over the next decade. The plan comes at a time of…
Core July PCE inflation surged to 2.9% compared to last year, up from 2.8% the month before, and the highest we’ve seen in five months. The overall inflation rate stayed put at 2.6%.The Fed has been hinting at cutting interest rates when they meet in September, but these new numbers…
Canada’s economy contracted at a sharper pace than forecasted in the second quarter as exports pulled back in the face of US tariffs, Statistics Canada said on Friday.The economy shrank by 1.6% on an annualised basis in the three months to June 30 after growth of 2.0% in the first…
The European Union is currently exploring the implementation of more stringent regulations for companies regarding the verification of the origin of their imported gas. This initiative is a core component of the bloc’s broader strategy to gradually eliminate its reliance on Russian energy imports. A confidential document outlines these proposed measures, indicating…
Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon Musk battles the SEC again over Twitter stock disclosure delays.The day started with July inflation numbers, which hit a five-month high at 2.9%, complicating the Fed’s September rate…
A federal appeals court has ruled most of Donald Trump’s global tariffs illegal, shaking up the future of presidential powers over trade.The Thursday decision from the US Court of Appeals for the Federal Circuit has major immediate and long-term consequences for US trade, international diplomacy, and domestic law.The implementation of…
Intel has secured $5.7 billion in accelerated CHIPS Act funding from the US government.This is a significant step intended to fast-track the company’s expansion of domestic semiconductor manufacturing amid intense geopolitical and economic pressures.The payment, which arrived ahead of schedule, reflects a sweeping renegotiation of terms between Intel and the…
Denmark’s government has lowered its 2025 economic growth forecast to 1.4% from a previous projection of 3%, citing weaker prospects for pharmaceutical giant Novo Nordisk and new tariffs on Danish exports to the United States.The Ministry of Economy said in a statement on Friday that the downturn in expectations reflects…
According to a Reuter’s report, Germany’s job market has reached a symbolic threshold not seen in a decade, with more than three million people now unemployed. The Federal Labour Office reported on Friday that the number of jobseekers climbed to 3.02 million in August, an increase of 46,000 from July.…