Category : Featured News

Australia’s unemployment rate fell to 4.2 percent in July 2025, according to data released by the Australian Bureau of Statistics. The figure represents a slight improvement from the 4.3 percent recorded in June, which had been the highest level in four years. The July result matches the median forecast of economists surveyed ahead......

The US dollar declined for a second consecutive session as fresh inflation data reinforced expectations that the Federal Reserve may begin cutting interest rates as early as September. The US Dollar Index (DXY) fell to 97.87, its lowest level since late July, amid growing market consensus that monetary easing is imminent. Consumer price......

Spirit Airlines has issued a going-concern warning, raising doubts about its ability to continue operations within the next year, just five months after emerging from Chapter 11 bankruptcy protection. The low-cost carrier, based in Florida, cited persistent weak demand for domestic leisure travel and elevated industry capacity as key factors eroding......

United States President Donald Trump announced on Friday that he will meet Russian President Vladimir Putin in Alaska on 15 August to discuss a potential agreement aimed at ending the war in Ukraine. The meeting, which Trump described as a critical step toward achieving peace, comes amid reports that negotiations between the parties have reached an......

Switzerland is facing one of its most severe trade challenges in decades after the United States implemented a 39 percent tariff on Swiss exports, a rate among the highest imposed under President Donald Trump’s ongoing overhaul of global trade rules. The levy, which took effect on Thursday, targets a wide range of Swiss products,......

Signs are mounting that the United States may be entering a “stagflation-lite” phase, as inflation edges higher while economic growth slows and labor market indicators weaken. Economists and market analysts warn that the combination of sticky prices, slowing job creation, and policy uncertainty is creating a more challenging environment for the Federal Reserve and......

Las Vegas is facing a sharp downturn in tourism, with official figures revealing an 11.3% drop in visitor numbers this June compared to the same period last year. The Las Vegas Convention and Visitors Authority (LVCVA) attributed the decline to persistent economic uncertainty, weaker consumer confidence, and a slower convention month.......

U.S. President Donald Trump has signed an executive order implementing sweeping tariff adjustments on a wide array of America’s trading partners, marking a decisive shift in U.S. trade policy and reversing decades of global trade liberalization. The new US tariffs, which range from 10% to 41%, come under the administration’s so-called......

The U.S. labor market added just 73,000 jobs in July, falling short of expectations and signaling a sharp slowdown in hiring as President Donald Trump’s tariff policies weigh on businesses. According to the Bureau of Labor Statistics, the July figure was below economists’ forecasts of 115,000 new jobs. The unemployment rate rose......

Shares of Danish pharmaceutical company Novo Nordisk fell sharply by 20% on Tuesday after the company cut its full-year sales and profit outlook and named a new chief executive officer. The market reaction came amid ongoing challenges in the U.S. market for the company’s widely used obesity and diabetes drugs. Novo Nordisk now......