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US President Trump alleged that the data had been manipulated to make him look bad. United States President Donald Trump has removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post…
United States President Donald Trump’s tariffs are set to come into effect on August 1. They mark a significant escalation in US trade policy, leading to higher prices for consumers and bigger financial hits for companies. Trump had initially postponed “reciprocal tariffs”, which he had announced on April 2, giving countries time to reach trade…
Oral arguments over United States President Donald Trump’s power to impose tariffs have kicked off before a US appeals court after a lower court ruled he had exceeded his authority by imposing sweeping new levies on imported goods. The appeals court judges on Thursday sharply questioned whether what Trump calls his “reciprocal” tariffs, announced in…
BREAKINGBREAKING, The decision also drew dissent from two of the central bank’s governors, both appointees of US President Donald Trump, a first in more than 30 years. Despite pressure from the White House, the United States Federal Reserve will hold interest rates steady at 4.25-4.50 percent, on par with economists’ expectations as tariff-driven uncertainty weighs…
The International Monetary Fund has raised its global growth forecasts for 2025 and 2026 slightly, citing stronger-than-expected purchases in advance of an August 1 jump in tariffs imposed by the United States and a drop in the effective US tariff rate to 17.3 percent from 24.4 percent. In its forecast on Tuesday, it warned, however,…
Cesar Martinez, 45, works full-time at a butcher shop in Buenos Aires, but in the last year, he has had to pick up other jobs to make it to the end of the month. So, when the government of President Javier Milei publicly celebrated a new drop in the inflation rate in June as a…
United States President Donald Trump arrived at the Federal Reserve’s headquarters in Washington to tour the site of a $2.5bn renovation of two historical buildings, which the White House criticises as overly costly and ostentatious, as tensions escalate between the administration and the independent overseer of the nation’s monetary policy. Thursday’s rare presidential visit to…
When Brazilian President Luiz Inacio Lula da Silva was in China earlier this year for his third meeting with Xi Jinping since returning to office in 2023, he hailed the relationship between the two countries as “indestructible”. That proximity will likely increase even more following United States President Donald Trump’s announcement of a 50 percent…
When United States President Donald Trump unveiled his steep “reciprocal” tariffs on dozens of countries in April, economists issued warnings of catastrophic economic harm. So far, their fears have not materialised. The US economy – the single biggest driver of global growth – has defied expectations across numerous metrics, with inflation staying low, employment and…
The United States economy has added 147,000 jobs in June, beating analyst expectations, as the labour market remains stable despite economic uncertainty driven by President Donald Trump’s policies. The Department of Labor released the numbers on Thursday. The data, which was released a day early because the Independence Day holiday falls on Friday, showed the…
