12 h. ago US economy added 139,000 jobs in May as labour market weakens

Revisions to previous months’ figures point to slowdown in employment growth

Economics

12 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

29 h. ago Goldman Sachs reins in risk appetite as Trump tariffs roil markets

Chief operating officer John Waldron anticipates period of ‘slowflation’ with rising prices outpacing growth

Politics

29 h. ago Goldman reins in risk appetite as Trump tariffs roil markets

Chief operating officer John Waldron anticipates period of ‘slowflation’ with rising prices outpacing growth

Politics

39 h. ago Europe's central bank expected to lower interest rates as Trump's trade war threatens growth

Lower inflation and concern that U.S. President Donald Trump’s trade war will slow already modest growth have cleared the way for the European Central Bank to cut interest rates at Thursday’s policy meeting, a step that would lower borrowing costs for consumers and businesses and promote economic activity

Events

3 d. ago US job openings rose in April, signaling resilience in the American labor market

U.S. job openings rose unexpectedly in April, showing that the labor market remains resilient in the face of uncertainty arising from President Donald Trump’s trade wars

Politics

3 d. ago UK interest rate cuts hinge on slowing wage growth, Bailey says

BoE governor tells MPs that central bank expects to ‘see pay coming down this year’

Politics

3 d. ago Global economy to slow as Donald Trump’s trade wars hit growth, OECD warns – business live

Rolling coverage of the latest economic and financial news, as OECD forecasts global growth will slow to 2.9% in 2025 and 2026UK will slump to 1% growth next year as Trump tariffs bite, says OECDUS firms say Trump trade war is hitting production as dollar nears three-year lowUS economic growth is expected to slow markedly to 1.6% in 2025 and 1.5% in 2026, the OECD says.That’s relatively weak growth by recent standard, and slower than the “robust” growth of 2.8% recorded in 2024.Annual headline inflation is set to pick up to 3.9% by end-2025 due to higher import prices but is expected to ease throughout 2026, aided by moderate GDP growth and higher unemployment.Risks to the growth projection are skewed to the downside, including a more substantial slowing of economic activity in the face of policy uncertainty, greater-than-expected upward pressure on prices from tariff increases, and large financial market corrections. Continue reading...

Events

3 d. ago UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecastBusiness live – latest updatesThe UK’s economic growth will be slower than expected this year and next as the damage caused by Donald Trump’s tariff war hits trade and investment, according to a gloomy forecast by the Organisation for Economic Co-operation and Development (OECD).The international body downgraded its expectations for this year and next from a forecast made in March, pushing down UK growth from 1.4% to 1.3% in 2025 and from 1.2% to 1% next year. Constraints on Whitehall spending and higher than expected inflation also played a part in a downgrade, the OECD said. Continue reading...

Politics

8 d. ago Britain's most disgusting house full of beer bottles, filth and rubbish goes on the market for £300,000 after the mother of all clean

Thousands of beer bottles, cans and plastic cartons stacked in towering piles the living room of the three-bedroom home.

Economics

9 d. ago Putin’s war economy is cooling, but Russians still feel richer

Salary growth for new hires is slowing, according to a FT analysis, yet not enough to shift views on the war

Politics

1 week ago Rachel Reeves 'faces having to hike income tax, NICs or VAT this Autumn' to fill gaping hole in public finances as Cabinet war over spending cuts rages

Rachel Reeves faces having to fill a gap of between £10billion and £30billion in the public finances, with growth slowing and Trump's tariffs hitting global trade.

Economics

1 week ago Class of 2025 college grads are facing the toughest job market since the pandemic. AI and Trump are both to blame

“What actually can I do as a human who’s a recent graduate that some robot isn’t going to take over?” asked one recent graduate. Michelle Del Rey reports on the students trapped without a next step

Politics

2 w. ago National Living Wage hike helps Greggs bounce back to strong sales growth after winter slowdown

Food chain’s share soared nearly 8% on the back of strong trading statement

Politics

2 w. ago London Techie Says IIT Tag Holds Little Weight In Global Job Market: "Outside India..."

London Techie Says IIT Tag Holds Little Weight In Global Job Market: "Outside India..."  NDTV

Politics

2 w. ago Gone in 40 days: how Trump’s ‘liberation day’ tariff assault unraveled

The impact of those six chaotic weeks, from higher prices to slowing growth, is still unfolding, and the story continuesDonald Trump hailed a new chapter in the US’s economic history on 2 April, dubbed “liberation day” by his administration, as he announced plans for an extraordinary barrage of US tariffs on the world. The chapter lasted 40 days.The page has already been turned. But the impact of those six chaotic weeks, from higher prices to slowing growth, is still unfolding – and the US president is already threatening further adjustments. The story continues. Continue reading...

Politics

3 w. ago US lost business travelers in April as economic anxiety and border detentions cooled demand

Business travel to the U.S. fell 9% in April as companies and workers grappled with economic uncertainty and anger over the Trump administration’s tariffs and border policies

Economics

3 w. ago US reportedly plans to slash bank rules imposed to prevent 2008

Watchdogs could cut capital rules as Trump’s deregulation drive opens door to rollback of post-crisis protectionsBusiness live – latest updatesUS watchdogs are reportedly planning to slash capital rules for banks designed to prevent another 2008-style crash, as Donald Trump’s deregulation drive opens the door to the biggest rollback of post-crisis protections in more than a decade.The move follows heavy lobbying by the banking industry, with lenders such as JP Morgan and Goldman Sachs having long complained that competition and lending have been hindered by burdensome rules governing the assets they must hold versus their liabilities. Continue reading...

Politics

3 w. ago Relief for Rachel Reeves as economy records 0.7% growth in first quarter despite slowdown in March before NICs raid but ex

Chancellor Rachel Reeves hailed the 'strength and potential' of UK plc after official figures showed a 0.7 per cent expansion - quelling fears of a looming recession.

Politics

3 w. ago Britain’s biggest pawnbroker H&T snapped up by US firm for £297m; Goldman Sachs lifts UK and eurozone growth forecasts – business live

China issues warning to UK over terms of US trade deal, saying it is a ‘basic principle’ that bilateral agreements should not target other nationsHere’s our full story on the Co-op saying that that stock availability in its stores will not improve until this weekend, as it struggles to recover from a cyber-attack two weeks ago.And our full take on Burberry’s planned 1,700 job cuts. Continue reading...

Economics