Mon, 05 May 2025

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Business

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Australia inflation hits 3-year low, boosting rate cut hopes
Australia's core inflation slows to 3-year low in Q1

SYDNEY, Australia: A key measure of inflation in Australia has cooled to its lowest level in three years, lending weight to expectations...

Ireland’s unemployment dips to 4.1% in April
Ireland's monthly unemployment rate drops to 4.1% in April

DUBLIN, Ireland: April 2025 saw a slight improvement in the labor market, with the seasonally adjusted unemployment rate dropping to...

UK grocery prices rise 3.8 percent in April, adding to consumer pressure
UK grocery inflation edges up to 3.8 percent in April, says report

LONDON, U.K.: Grocery prices in the UK rose by 3.8 percent in April, slightly higher than last month's 3.5 percent, adding more pressure...

Hong Kong home prices fall for fourth month despite stimulus
Hong Kong home prices fall for fourth month in March

HONG KONG: Hong Kong's housing market continued to lose ground in March, with home prices falling for a fourth straight month despite...

China’s top airlines report deeper Q1 losses amid trade tensions
China's largest airlines see losses in Q1 from competition, US tariffs

BEIJING, China: China's top airlines are still grounded in red ink, reporting steeper losses for the first quarter as they battle fierce...

GM recalls 720,000 vehicles over V8 engine defect
GM recalling 721,000 vehicles globally over engine issue

WASHINGTON, D.C.: General Motors is recalling more than 720,000 vehicles globally over a defect linked to its 6.2L V8 engines, the...

United States

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EPA to cancel 800 grants, including all for environmental justice
Washington Post: US EPA canceling all environmental justice grants

WASHINGTON, D.C.: The Trump administration through U.S. Environmental Protection Agency (EPA) is canceling nearly 800 grants, including...

State Department launches second round of deferred resignations
State Department launches second round of deferred resignation program

WASHINGTON, D.C.: The U.S. State Department has started a second round of its deferred resignation program, according to an internal...

UPS to cut 20,000 jobs, close facilities amid Amazon slowdown
UPS to cut 20,000 jobs on reduced Amazon deliveries as tariffs weigh

ATLANTA, Georgia: United Parcel Service is cutting 20,000 jobs and closing dozens of facilities, marking one of its biggest shakeups...

U.S. stocks bounce higher on non-farm payrolls data
Positive jobs report lights up Wall Street

NEW YORK, New York - A better-than-expected jobs report boosted U.S. stock markets Friday.  Total nonfarm payroll employment increased...

Trump backs coal with new orders, sparking hope in West Virginia
Trump pushes to save fading coal industry in West Virginia

FAYETTEVILLE, West Virginia: Earlier this month, U.S. President Donald Trump signed orders to allow more coal mining on federal land...

Wall Street rallies as U.S. dollar rebounds
Tech stocks drive rally in U.S. stock markets

NEW YORK, New York - U.S. stocks forged higher and the U.S. dollar regained ground Thursday as investors shrugged off concerns about...

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