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UK unemployment hits 4-year high of 5.0%, fuelling bets on BoE rate cut

UK unemployment hits 4-year high of 5.0%, fuelling bets on BoE rate cut

The latest UK labour market report presents a multifaceted signal of economic deceleration. A discernible increase in the unemployment rate, couple...
U.S. job cuts hit 153,000 in October, the highest for the month in over two decades

U.S. job cuts hit 153,000 in October, the highest for the month in over two decades

U.S. companies cut 153,074 jobs in October, the most for any October since 2003.
Bessent believes the current U.S. shutdown will cost the economy as much as $15 billion per week

Bessent believes the current U.S. shutdown will cost the economy as much as $15 billion per week

CEA revealed that the government plans to keep funding the military and the  Special Supplemental Nutrition Program for Women, Infants, and Children.
Fed’s Barr urges caution on rate cuts over tariffs

Fed’s Barr urges caution on rate cuts over tariffs

Fed's Barr urges a cautious approach when considering additional rate cuts due to tariffs.
World Bank lifts China’s 2025 growth forecast to 4.8%

World Bank lifts China’s 2025 growth forecast to 4.8%

The World Bank raised its 2025 growth forecast for China to 4.8%, up from the 4% it projected in April.
Asia’s youth job crisis deepens as informal work expands

Asia’s youth job crisis deepens as informal work expands

Young people across Asia are facing growing struggles in securing decent employment, with millions trapped in low-paying, unstable jobs that offer ...
ING says Fed may cut rates again in Oct, Dec amid bleak US outlook

ING says Fed may cut rates again in Oct, Dec amid bleak US outlook

Despite a lack of government data, a flurry of dismal reports released last week paint a bleak economic picture, suggesting weakening business acti...
100,000 federal workers dropped from US government payroll during shutdown week

100,000 federal workers dropped from US government payroll during shutdown week

Roughly 100,000 federal workers have officially dropped off the government payroll this week, according to the Wall Street Journal, after the Trump...
Europe bulletin: key elections, UK economic alerts, NATO strengthens defenses

Europe bulletin: key elections, UK economic alerts, NATO strengthens defenses

Europe witnessed a flurry of political and security developments on Monday, from decisive election victories in Italy and Moldova to economic warni...
UK mandates paid jobs for long-term unemployed youth

UK mandates paid jobs for long-term unemployed youth

The UK will require young people out of work or education for 18 months to take up paid jobs.