Found 50 results for "Economy"
Drawing from multiple news sources, the UK economy experienced a modest 0.1% growth in the final quarter of 2025, driven by manufacturing while the crucial services sector stagnated and construction declined significantly. Despite this, the overall growth for 2025 reached 1.3%, slightly up from the previous year but still below expectations, with experts noting a lack of economic momentum.
Multiple news sources report that over 200 hospitality and leisure businesses are urging the government to scrap plans for a tourist tax in England, arguing it would harm local businesses and potentially deter travelers. The proposed tax, which would allow local leaders to implement a visitor levy, is opposed by major holiday providers who fear it could lead to higher costs and decreased tourism, despite similar taxes already existing or planned in other parts of the UK.
Drawing from various news sources, over 200 hospitality and leisure businesses are urging the government to scrap proposed plans for a tourist tax in England, fearing it will negatively impact local businesses and potentially drive tourists to spend their money elsewhere. The government is considering allowing local leaders to implement a visitor levy, similar to measures already in place in some cities, but businesses warn this could add significant costs to holidays and harm the tourism industry.
Drawing from multiple news sources, Apple and Google have agreed to alter their UK app store practices following intervention by the UK's Competition and Markets Authority (CMA), addressing concerns of an "effective duopoly." The tech giants have committed to fair treatment of third-party apps, transparency in the approval process, and responsible use of developer data, marking the first steps in a series of measures aimed at boosting competition within the app economy.
Drawing from various news reports, the US job market experienced unexpected growth in January, with employers adding 130,000 jobs, nearly doubling expectations, and pushing the unemployment rate down to 4.3%. This positive development follows a weak 2025 and may ease concerns about the economy, though some analysts caution that the data might be more robust than the reality, while others see it as validation for the Federal Reserve's current stance.
Drawing from multiple news sources, recent reports highlight several key developments: ICE arrests in Minnesota are overwhelming the court system, China successfully tested components for its lunar mission, the U.S. job market showed unexpected growth in January, and the BBC is reporting from Tehran amidst government crackdowns. Additionally, a USAID innovation lab has been revived as an independent nonprofit.
Drawing from multiple news sources, the surge in immigration arrests by ICE in Minnesota, spurred by Trump administration policies, has overwhelmed the US court system. This has led to an unprecedented number of habeas corpus petitions, causing exhaustion among judges, attorneys, and prosecutors, and leaving many detainees imprisoned, even after court-ordered release.
Drawing from various news sources, the U.S. job market experienced unexpected growth in January, with employers adding 130,000 jobs, nearly double the predicted amount, and pushing the unemployment rate down to 4.3%. This positive development follows a weak year for job creation in 2025 and may ease concerns about the economy, though some analysts caution that the data might be inflated and other surveys point to underlying weaknesses.
Drawing from multiple news sources, the U.S. faces a growing national debt, with interest payments projected to nearly double to $2.14 trillion annually by 2036, consuming roughly 5% of the nation's economy. Despite healthy revenue projections, the government's deficit is expected to balloon to $3.1 trillion by 2036, driven by increased borrowing and potentially impacted by inflationary tariffs.
Drawing from multiple sources, Microsoft's Amanda Silver highlights how AI, particularly agentic systems, is transforming the startup landscape by reducing operational costs, similar to the impact of the public cloud. Simultaneously, the modern job market is experiencing a "great job situationship" era, where early-career workers may take roles without long-term commitment, mirroring the uncertainty of modern relationships.
Food fraud, costing the global economy billions annually, persists through practices like ingredient substitution and document alteration, targeting commonly consumed and high-value items like honey, as reported by multiple sources. Despite advancements in testing methods, detecting fake honey remains challenging due to its complex composition and the lack of a universally agreed-upon definition, highlighting the urgent need for new detection techniques.
Drawing from multiple news sources, the U.S. labor market saw a significant revision in 2025 job growth, with only 181,000 jobs added compared to the previous year's 1.46 million. However, January 2026 showed a positive trend, with 130,000 jobs added, primarily in healthcare, social assistance, and construction, offering a potential boost for the economy.
Drawing from various news sources, it's reported that LeBron James, in his 23rd season, made his Los Angeles Lakers debut, though he's missed a significant number of games this season due to injury, preventing him from being eligible for All-NBA honors for the first time since 2004. James' absence is attributed to a combination of factors, including load management and injuries like left foot arthritis, impacting his playing time and the Lakers' lineup.
Drawing on reports from multiple news sources, US retail sales unexpectedly stalled in December, indicating a potential consumer spending pullback after months of robust activity. This slowdown, attributed to factors like a faltering labor market and persistent inflation, raises concerns about a broader economic slowdown, although economists are cautious about interpreting the data as a sustained downturn.
Drawing from multiple news sources, December's US retail sales were unexpectedly flat, indicating a potential consumer spending pullback after months of robust activity. This slowdown, influenced by factors like a faltering labor market and persistent inflation, raises concerns about a broader economic slowdown, although economists are cautious about interpreting the data as a sustained downturn.
Drawing from various news reports, US retail sales unexpectedly stalled in December, indicating a potential consumer spending pullback after months of robust activity. This slowdown, influenced by factors like a weakening labor market and persistent inflation, raises concerns about a broader economic slowdown, although economists are cautious about interpreting the data as a sustained downturn.
Drawing from multiple news sources, December retail sales in the US were unexpectedly flat, indicating a potential slowdown in consumer spending after months of robust activity. This, coupled with a faltering labor market, persistent inflation, and cooling wage growth, raises concerns about the strength of the US economy, though economists caution against overinterpreting the data.
Drawing from multiple news sources, December retail sales in the U.S. were unexpectedly flat, indicating a potential slowdown in consumer spending after months of robust activity. This, coupled with a faltering labor market, persistent inflation, and cooling wage growth, raises concerns about a broader economic downturn, although economists are cautious about interpreting the data as a sustained trend.
Drawing from various news reports, US retail sales unexpectedly stalled in December, indicating a potential consumer spending pullback after months of relatively strong activity. This slowdown, influenced by factors like a weakening labor market and persistent inflation, raises concerns about a broader economic slowdown, although economists are cautious about interpreting the data as a sustained downturn.
Drawing from multiple news sources, it's reported that Iranian authorities have closed numerous privately-owned businesses, primarily popular gathering spots for young people, following recent nationwide protests. While the government hasn't specified the reasons, many of these businesses had either participated in strikes or expressed support for the protests online, and the closures come amidst a struggling economy and strained diplomatic relations with the United States.
