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ECONOMY

BUSINESS

UPS Cuts 34,000 Jobs With A Surge In Profits

Digital Desk -
United Parcel Service Inc just axed 34,000 jobs, in a dramatic turnaround smashing Wall Street’s third-quarter profit expectations for 2025. This boost has seen a...
BUSINESS

ECB leaves interest rates unchanged as it assesses impact of Trump tariffs

Digital Desk -
The European Central Bank has left interest rates unchanged as it waits to see how big a blow US President Donald Trump’s tariffs will...
BUSINESS

Stocks rise in early Wall Street trading following historic dip

Digital Desk -
Stocks are rising on Wall Street and around the world to recover some of the historic losses since last week when President Donald Trump...
BUSINESS

German government slashes economic growth forecast for this year to 0.3%

Digital Desk -
The German government has slashed its 2025 growth forecast for the country’s economy – Europe’s biggest – to just 0.3%, after it shrank for...
BUSINESS

Financial co-operation and Brics expansion on table as Putin hosts leaders

Digital Desk -
Russia’s President Vladimir Putin has hosted China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the Brics bloc of...
BUSINESS

Europe inflation slips to 5.5% — but that will not stop central bank rate hikes

Digital Desk -
Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop...
BUSINESS

Bank of England To Hike Interest Rates Up To 5%

Digital Desk -
According to Reuters British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of...
ECONOMY

£1,600 Universal Basic Income To Be Trialled in England At Whose Cost?

Digital Desk -
Money for nothing, Universal Basic Income, (UBI) is to be trialled in England for the first time. Under a pilot scheme, 30 people irrespective of...
ECONOMY

‘Agreement in principle’ reached in US debt crisis talks

Digital Desk -
The White House has reached an “agreement in principle” with the Republicans on a deal to limit federal spending and resolve a looming debt...
BUSINESS

Germany’s GDP shrinks to put Europe’s biggest economy into a recession

Digital Desk -
The German economy suffered an unexpected dip in the first quarter of the year, formally putting the country into a recession, new figures show. Germany’s...
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