Economy News

Economy

February Sees a 245% Surge in US Job Cuts, DOGE Layoffs Highlight Economic Strain

In February, the US saw a 245% increase in job cuts, reaching 172,017, the highest since July 2020. Government, retail, and technology sectors were the most affected, with DOGE act...

Economy

February Witnesses a 245% Surge in US Job Cuts, DOGE Layoffs Lead the Charge

February saw a dramatic 245% increase in US job cuts, the highest since July 2020, with government, retail, and technology sectors hit hardest. Factors include DOGE actions, cancel...

Economy

Trump Announces Reciprocal Tariffs Set for April 2: A New Era in Trade Wars?

President Donald Trump announces reciprocal tariffs effective April 2, aiming to protect U.S. industries. This move has raised concerns about potential price hikes and disruptions ...

Economy

Turkey's Central Bank Slashes Key Rate to 42.5%: A Bold Move Amid Economic Challenges

Turkey's Central Bank has reduced its key interest rate to 42.5%, a strategic move aimed at addressing the country's economic challenges and stabilizing the currency. This decision...

Economy

China's Ambitious 2025 Economic Growth Target: A Path Forward Amid Challenges

China remains optimistic about reaching its 2025 economic growth target, with plans to boost investment in infrastructure and support private investment, despite external challenge...

Economy

Trump's Latest Tariffs: 5 Critical Impacts on Global Trade and Economy

President Trump's latest tariffs target Canada, Mexico, and China, aiming to curb fentanyl flow and reduce the U.S. trade deficit. The automotive, energy, and consumer electronics ...

Economy

Sharp Decline in UK Construction Activity Marks February as Challenging Month

The UK construction sector faced its steepest output drop since May 2020 in February, with significant decreases in residential building and civil engineering. New orders and emplo...

Economy

January Sees a Slight Dip in Eurozone Retail Sales: A Closer Look at the Numbers

In January, the Eurozone saw a 0.3% decrease in retail trade volume, with non-food products experiencing the largest drop. However, yearly growth was observed, highlighting a mixed...