31 h. ago Donald Trump calls for ‘full point’ rate cut after jobs report

Renewed attack on Federal Reserve comes after official data shows weakening employment growth

Politics

32 h. ago US jobs market slows down as businesses cope with Trump trade war uncertainty

May’s jobs report was dragged down by loss of 22,000 federal workers’ jobs as Doge cut positionsThe US economy added 139,000 jobs in May, a slowdown compared with recent months as American businesses cope with uncertainty around Donald Trump’s continuing trade war.After signs of a strong labor market in April – which was largely seen as resiliency against teetering trade policy from the White House – May saw a drop in new jobs added to the labor market, according to new data from the Bureau of Labor Statistics. The unemployment rate remained steady at 4.2%, unchanged from last month. Continue reading...

Politics

55 h. ago Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure

The Tide detergent and Pampers maker plans global restructuring as US consumers pull back and trade costs riseProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, in the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy. The job cuts, announced at the Deutsche Bank consumer conference in Paris on Thursday, make up about 15% of its current non-manufacturing workforce, said chief financial officer Andre Schulten. “This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.” Procter & Gamble, based in Cincinnati, had approximately 108,000 employees worldwide in June 2024. The cuts are part of a broader restructuring program. Procter & Gamble will also end ...

Economics

60 h. ago Construction firms cut jobs at fastest rate since 2020 despite signs of recovery

The latest S&P Global construction purchasing managers’ index (PMI) showed a reading of 47.9 last month, improving from 46.6 in April.

Society

4 d. ago US legend makes feelings clear on Ryan Reynolds and Wrexham's spending in blunt verdict

Ryan Reynolds and Rob McElhenney have pumped a significant amount of cash into the club since taking over in 2020

Politics

1 week ago Housing market sees busiest May in four years as buyers ignore stamp duty rise

The number of sales agreed in May is running at its fastest rate in four years since the pandemic boom of 2021, according to Zoopla.

Economics

1 week ago Trump’s mass federal cuts disrupt LA wildfire recovery: ‘It’s coming tumbling down’

Doge has gut staff at Fema, EPA and the army corps, who are crucial for helping survivors get back on their feetOn 13 April, Tess McGinley was working in her Federal Emergency Management Agency (Fema) cubicle in Los Angeles, calling people who had lost their homes in the January wildfires, when her team was told to stop what they were doing and leave the office immediately.McGinley, a 23-year-old team leader for AmeriCorps, the US agency for national service and volunteerism, was helping Fema by reviewing wildfire survivors’ cases to ensure they received housing assistance. Over the past six weeks, she and her seven teammates had reviewed more than 4,000 cases and made hundreds of calls to survivors. Now, even as the team drove home after their jobs were cut, their government phones kept ringing. “Survivors just kept calling us And we weren’t able to help,” McGinley said. Continue reading...

Politics

1 week ago Dundee University strikes: Staff in new walkout over hundreds of threatened job cuts

The strikes come in response to the university’s decision to cut 700 jobs

Events

1 week ago Dundee University facing staff strikes over 700 threatened job cuts

The strikes come in response to the university’s decision to cut 700 jobs.

Events

2 w. ago ‘Football is not complicated’: Andoni Iraola on Bournemouth, birdsong and playing better

The travel-loving manager is staying put for now on the south coast after a record-breaking season – ‘I’m going to enjoy the years ahead of me’At Bournemouth’s uber-cool Canford Magna training base, a 57-acre site on a former golf course, Andoni Iraola is surrounded by bells and whistles. There is a hydrotherapy pool and an altitude chamber. “For me, those are like the extras,” says a manager used to getting his hands dirty from his days at AEK Larnaca in Cyprus and Mirandés in northern Spain.“I come from clubs where everybody has to do their job – and something else. I’ve needed to cut videos, make things, set up; we didn’t have goals with wheels so four of us would move them.” At Rayo Vallecano, even after promotion to La Liga, he explains how they happily made do with “training on one pitch and a third”. Continue reading...

Politics

2 w. ago Downturn across UK firms stretches into May despite tariffs respite

While the UK’s largest sector, services, returned to growth, the manufacturing sector fell at the fastest rate since October 2023.

Economics

2 w. ago ITV ‘bloodbath’: Daytime TV staff in shock at major cuts as Loose Women stars left 'terrified' by shake

ITV is set to cut 220 jobs in a significant overhaul of its daytime programming

Events

2 w. ago ITV ‘bloodbath’: Daytime TV staff in shock at major cuts as Lorraine and Loose Women’s schedule takes hit

ITV is set to cut 220 jobs in a significant overhaul of its daytime programming

Events

2 w. ago Fears Lorraine Kelly 'could QUIT her ITV show after programme is reduced to 30 weeks a year and time slot slashed by half'

ITV Daytime bosses announced huge cuts on Tuesday with job losses in excess of 220.

Culture

2 w. ago 'Little gem' cordless patio cleaner that 'gets job done in a jiffy' gets 34% Amazon cut

This discounted patio cleaner has been hailed "easier and quicker than using weedkiller".

Politics

3 w. ago UK economy grows at fastest quarterly rate in a year in boost for Reeves

Gross domestic product (GDP) increased by 0.7% between January and March, the Office for National Statistics said.

Politics

3 w. ago ‘So many are devastated’: Trump’s federal layoffs and their ripple effect

From Beltway Virginia to Pittsburgh, it is not just laid-off workers feeling the impact but whole local economiesNaomi Anderson was on leave looking after her young baby when she was told her US Department of Agriculture job helping farmers in developing countries was being cut. A former volunteer with the Peace Corps, which sends young Americans overseas to projects in emerging economies, Anderson had expected to spend her whole career in international development.“I had taken this job two years ago expecting to stay here for at least 10 years, and you know, we had started to make a community and build up our life here. In January, we had started looking at buying a home,” she says. Continue reading...

Politics

3 w. ago ‘So many are devastated’: Trump’s federal firings and their ripple effect

From Beltway Virginia to Pittsburgh, it is not just sacked workers feeling the impact but whole local economiesNaomi Anderson was on leave looking after her young baby when she was told her US Department of Agriculture job helping farmers in developing countries was being cut. A former volunteer with the Peace Corps, which sends young Americans overseas to projects in emerging economies, Anderson had expected to spend her whole career in international development.“I had taken this job two years ago expecting to stay here for at least 10 years, and you know, we had started to make a community and build up our life here. In January, we had started looking at buying a home,” she says. Continue reading...

Politics

3 w. ago Burberry to cut up to 1,700 jobs worldwide in bid to slash costs

The majority of reductions are set to come from head office-based teams around the world, led by the UK where there is a bigger proportion of staff.

Politics

3 w. ago House prices in Wales rising at the fastest rate in more than two years

The Principality Building Society has published its latest house price index for Wales

Politics