Trump-Xi summit: trade, Taiwan, AI talks in focus; major breakthroughs unlikely
US President Donald Trump is set to meet Chinese President Xi Jinping in Beijing next week in the first visit by a US leader to China in almost a decade,…
Category
Category: Business
US jobless claims rise less than expected despite ongoing layoffs
The number of Americans filing new claims for unemployment benefits rose modestly last week, underscoring continued resilience in the US labor market despite ongoing layoffs in the technology sector and…
US jobs report beats forecasts in April as unemployment holds steady at 4.3%
The US labour market delivered stronger-than-expected job growth in April, signalling continued resilience despite mounting concerns over trade tensions, artificial intelligence-driven job cuts and rising energy costs. Data released by…
Evening digest: Oil slips, Bitcoin rallies above $81k as geopolitics shift
Global markets saw mixed signals Tuesday as the US said its ceasefire with Iran remains intact despite fresh clashes near Hormuz, oil prices fell on easing escalation fears, Bitcoin climbed…
Russia resumes forex purchases as oil price windfall boosts revenues
Russia will resume buying foreign currency on the market for the first time since before the start of the war in Ukraine, according to a statement from the Finance Ministry,…
US private payrolls beat estimates as hiring rises to 109,000 in April
Private sector hiring in the United States came in stronger than expected in April, offering fresh evidence of labor market resilience and reinforcing the case for the Federal Reserve to…
Will Powell’s move limit White House influence over the Fed?
Federal Reserve Chair Jerome H. Powell has capped his eight-year tenure with one of the most contentious policy moments in decades, underscoring deep divisions within the central bank. Besides, his…
Is Big Tech’s $725B AI splurge being funded by mass layoffs?
A widely reported figure this past week is that 81,747 tech workers lost their jobs in Q1 2026, the highest quarterly layoff figure the industry has seen in at least…
Australian central bank raises rates for third time as oil shock bites
The Reserve Bank of Australia has raised its official cash rate for the third consecutive time this year, taking it to 4.35% and effectively erasing all the monetary easing delivered…