Banana republic? Trump puts credibility of US economic data on the line
Trump's firing of the head of the Bureau of Labor Statistics raises fears for the integrity of official statistics.
Category Archives: Economy
Fact check: Did US go from ice cream trade surplus to deficit under Biden?
Trump administration says increased imports from Italy under former President Joe Biden changed the ice cream game.
As Trump’s tariff deadline looms, economists see calm before the storm
Trump's tariffs have had a limited impact on the global economy so far, but analysts fear the worst is yet to come.
In South Korea, Trump’s tariff threats place US love affair under strain
South Koreans' perceptions of the US have taken a dive amid Trump's 'America First' foreign policy and trade agenda.
Trump slaps 17 percent tariff on tomatoes from Mexico
US Commerce Secretary Howard Lutnick says US farmers have been 'crushed' by unfair trade practices.
Europe’s stock markets drop amid Trump’s tariff threats against EU, Mexico
Major indices suffer heavy losses as EU ministers prepare to discuss response to US president's latest trade salvo.
US Fed leaves interest rates unchanged amid economic uncertainty
The US central bank held rates steady despite backlash from President Donald Trump.
Nippon Steel acquires US Steel for $14.9bn after months of struggle
The deal also allows US President Donald Trump to appoint a board member.
Trump Organization announces smartphone targeting conservative consumers
Phone and service plan are the latest offerings from Trump-related brands since US President Donald Trump took office.
Purdue Pharma $7.4bn opioid settlement wins broad support from US states
The suit, brought by 55 attorneys general, will help compensate victims and fund addiction treatment programmes.
Fashion brands accused of shortcuts on climate pledges overlooking workers
A new report accuses fashion giants of not considering the welfare of workers affected by climate change.
World Bank slashes global economic outlook as trade tensions continue
The bank warned that without a swift course correction, the harm to living standards could be 'deep'.
US DoT says Biden fuel economy rules exceeded legal authority
The mandate that the DoT challenged was a key part of former President Joe Biden’s plan to address climate change.
Procter & Gamble to cut 7,000 jobs over the next two years
The cuts will represent 6 percent of its total workforce.
US factory orders slump in April as spending on tariff anticipation fades
Orders tumble by 3.7 percent after a rise in March when businesses increased purchases in anticipation of tariffs.
Volvo to cut 3,000 jobs amid trade uncertainty
The layoffs come days after US President Donald Trump threatened 50 percent tariffs on EU goods.
ECB’s Lagarde says euro could be viable alternative to US dollar
ECB chief says US economic policy shifts have created inroads for the euro to the standard currency for global trade.
Boeing reaches deal with US DOJ to avoid prosecution over 737 Max crashes
The DOJ is expected to have a written agreement with Boeing in place by the end of next week.
US investment Firm RedBird to buy UK’s Daily Telegraph newspaper
Abu Dhabi’s IMI will take a minority stake in the company of no more than 15 percent.
JPMorgan’s Dimon warns of US stagflation risk: Report
Economists echo Jamie Dimon’s concerns as US credit downgrade and tariff-driven uncertainty continue.