Layoff notices delivered to hundreds of Voice of America employees
With the Friday notices, 85 percent of Voice of America’s workforce had been slashed. Layoff notices have been sent to 639 employees of Voice of America (VOA) and the United...
Economy
Uncover valuable insights on economic trends, shifts in financial markets, and the latest business news from around the world, keeping you informed on the forces shaping the global economy.
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Putin says Russian recession must not happen ‘under any circumstances’
Russia’s economy must not slide into recession, President Vladimir Putin said, after economists warned for months of a slowdown in growth. Putin told attendees, including government ministers and central bankers,...
US Supreme Court lets fuel producers challenge California emissions rules
The dispute centred on an exception granted to California on national vehicle emission standards, allowing it to set stricter rules than federal standards. The United States Supreme Court has sided with...
Spain rejects NATO’s 5% defence spending hike as ‘counterproductive’
Spanish PM Pedro Sanchez warns the spending hike would undermine EU efforts to build its own security and defence base. Spain has reportedly asked to opt out of NATO’s proposed...
US extends TikTok sale deadline by another 90 days
Trump signs executive order extending the deadline for TikTok’s sale or divestment from Chinese parent company ByteDance to September 17. United States President Donald Trump has signed an executive order...
US Fed leaves interest rates unchanged amid economic uncertainty
The United States Federal Reserve has left its benchmark rate unchanged despite mounting pressure from President Donald Trump to cut rates. On Wednesday, the Fed said it will leave its...
A port CEO panned Trump’s tariffs. Then a Chinese envoy’s...
As the head of the Port of Los Angeles was doing a flurry of media interviews warning of the damage caused by United States President Donald Trump’s tariffs last month,...
Nippon Steel acquires US Steel for $14.9bn after months of...
Nippon Steel’s $14.9bn acquisition of US Steel has conferred an unusual degree of power for United States President Donald Trump after the Japanese company’s 18-month struggle to close the purchase....
Oil prices spike, US stocks fall on Israel-Iran crisis
Crude oil prices jump more than 4 percent on fears the US may join Israel’s offensive against Iran. Oil prices have spiked over fears that the Israel-Iran crisis could spiral...
Meta ‘concerned’ Iran could ban WhatsApp after snooping claims
Tech giant rejects ‘false reports’ after Iranian state media urges citizens to delete messaging app. US tech giant Meta has expressed concern that Iran may block WhatsApp after state media...
