Key Takeaways The global economy could grow less this year than previously projected, the World Bank said Tuesday, citing uncertainty over tariffs and ongoing trade disputes. In its semiannual report, the World Bank said the global economy faces headwinds from “increased trade tension and heightened policy uncertainty,” sparked by President Trump’s April 2 tariff announcement and the ensuing trade…
Details of the meeting have not yet emerged, though a source told FOX Business the discussions lasted nearly seven hours and prompted the delegations to order dinner in, as they continued negotiations. Treasury Secretary Scott Bessent described the event as a “good meeting,” while Commerce Secretary Howard Lutnick said it was “fruitful.” The meeting, which will…
U.S.-China trade talks were set to continue in London on Tuesday, as the world’s top two economies strive to sort out differences following a call between the leaders of the two countries. President Donald Trump’s top trade officials met their Chinese counterparts in London on Monday, with Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and…
UK companies are holding back on hiring or are not replacing departing workers, sending job vacancies tumbling, official figures suggest. The number of available jobs fell by 63,000 between March and May while the unemployment rate ticked higher. “There continues to be a weakening in the labour market,” said Liz McKeown, director of econonic statistics…
Finance Minister Muhammad Aurangzeb on Monday unveiled the Pakistan Economic Survey 2024-25, saying that measures taken by the government throughout the year had led to a “gradual recovery.” The survey is a pre-budget document that contains details of major socio-economic achievements during the outgoing fiscal year. It serves as a vital document ahead of the…
China’s producer deflation deepened to its worst level in almost two years in May while consumer prices extended declines, as the economy grappled with trade tensions and a prolonged housing downturn. Uncertainties from a tariff war with the United States and weak consumption at home have rattled sentiment and fuelled expectations of more policy stimulus…
Alongside cooling job numbers by the US Labor Department, payroll firm ADP reported private payrolls adding the lowest number of jobs in two years. Employers in the United States have slowed hiring even though they added a solid 139,000 jobs in May. While that was higher than the forecast of 133,000 jobs, it was lower…
Pakistani exporters have been urged to investigate the expanding prospects within Malta’s market, as emphasized by Mr. Ziaul Noor. Malta’s strategic position in the Mediterranean functions as a conduit to the European Union, presenting considerable trade opportunities for enterprises pursuing international growth. The demand for premium textiles, agricultural commodities, and industrial products in Malta represents…
China may be sitting on enormous quantities of thorium, a radioactive metal that might provide an almost infinite supply of clean energy according to a recent national survey. According to a declassified report published in the Chinese journal Geological Review this discovery raises the possibility that Chinese thorium stocks could significantly surpass earlier projections. Some…
In the wake of ongoing negotiations between the United States and Ukraine over a deal for American access to Ukrainian mineral resources—a topic that has become controversial due to the ongoing conflict between Ukraine and Russia—Russian President Vladimir Putin has stated his willingness to grant the United States access to Russian rare minerals, including those…
