Browsing: Business
U.S. jobless claims climbed to 242,000 last week, hitting a three-month high as layoffs increase in both corporate and government sectors. The labor market remains strong.
Apple Watch shipments in India surged 141% in 2024, defying a 30% market decline as demand shifted to premium smartwatches, with Apple capturing 50% of the high-end segment.
Gold soars past $2,950, reaching record highs as investors seek safety amid trade tensions, falling yields, and central bank demand, pushing markets toward defensive strategies.
UK employers face a decade-high redundancy surge as tax hikes and rising costs erode confidence, with firms slashing jobs to counter financial pressures in an uncertain economic climate.
The European Commission opposes Trump’s reciprocal trade policy, warning it could disrupt markets, fuel inflation, and harm businesses, vowing to protect EU industries from unfair tariffs.
JPMorgan CEO Jamie Dimon dismisses employee concerns over full-time office return, rejecting a growing petition and insisting remote work hurts efficiency, engagement, and creativity.
UNCTAD’s 2024 report warns Africa remains highly vulnerable to global shocks, urging stronger regional trade and policy reforms to unlock AfCFTA’s $3.4 trillion potential.
Backed by €578 million investment, Austria’s Industrial Hydrogen Valley will enhance green hydrogen output, cutting emissions and advancing industrial decarbonization.
U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following talks with President Sheinbaum.
Shell’s 2024 profit fell 16% to $23.72 billion, missing estimates. Despite weaker oil prices, the company raised dividends by 4% and announced a $3.5 billion share buyback.