Trump’s tariffs trigger Dow’s worst day since December
U.S. stocks suffered a sharp decline on Monday as President Donald Trump confirmed that new tariffs on imports from Canada and Mexico would proceed, exacerbating...
Tag : economic downturn
UK firms to slash jobs as tax hikes and costs squeeze margins
UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set...
Israeli economy reels as GDP shrinks by 20% amid Gaza war
Israel's gross domestic product (GDP) took a significant hit, contracting by nearly 20% in the fourth quarter of 2023, according to official figures released recently....
2024’s tech layoff wave – a continuation of last year’s trend
In the last week, a significant number of prominent technology companies, including industry giants such as Amazon, Google, and Duolingo, have embarked on a substantial...
China grapples with deflation as global concerns mount
China's economic landscape is undergoing a seismic shift as it witnesses deflation for the first time since early 2021. Official data reveals a 0.3% decline...