The European Union will pause the adoption of its retaliatory tariffs on a swathe of U.S. goods for 90 days, European Commission President Ursula von der Leyen said, a day after the White House issued a reprieve on most of…
LONDON — Some investors are expressing a growing optimism about the U.K.’s economic outlook despite the country’s long-standing structural weaknesses, as its neighbors in the European Union deepen their trade dispute with the United States. That upbeat tone wasn’t reflected…
After largely staying out of the Federal Reserve’s business during his first two months in office, President Donald Trump is pushing the central bank to cut interest rates as a backstop for his tariff plans. “The Fed would be MUCH…
The UCLA Anderson Forecast, citing substantial changes to the economy from policies of the Trump administration, issued its first-ever “recession watch” on Tuesday. UCLA Anderson, which has been issuing forecasts since 1952, said the administration’s tariff and immigration policies and…
President Donald Trump said he may broaden the scope of U.S. tariffs on imports to include automobiles, pharmaceuticals and semiconductors. In remarks to reporters Tuesday, Trump said the duties would be around 25% and “go very substantially higher over a…
Since Trump has taken office, nearly 4,000 workers in the city have filed for unemployment insurance as part of a surge that began at the start of the new year, according to Labor Department figures not adjusted for seasonal factors.…
President Donald Trump’s moves to fire thousands of federal government workers have coincided with a surge in jobless claims in Washington, D.C., that could get worse as the efforts intensify. Since Trump has taken office, nearly 4,000 workers in the…
Hong Kong’s antitrust watchdog has launched a website to help small and medium-sized enterprises better navigate the Competition Ordinance after a survey showed that only a quarter of firms polled were adequately equipped to comply with the law. The survey…
Due to high interest rates and weak consumer demand, the number of U.S. companies filing for bankruptcy protection in 2024 reached a 14-year high. The report cited data released by S&P Global Market Intelligence, saying that from January 1 to…
Data released by the Japan Automobile Sales Association Federation and the Japan National Light Automobile Association Federation on the 6th showed that Japan’s domestic new car sales in 2024 were 4,421,494 units, down about 7.5% from 2023. Data showed that…
