Economy

A Department for Energy Security and Net Zero spokesperson said that before July, ’there was no overall plan for the future of the Grangemouth refinery.’

The unemployment rate ticked up to 4.2 percent from 4.1 percent.

With U.S. overseas sales forecast to double by 2030, some ask, ‘Will high-dollar offshore demand lower domestic supply and raise local electricity bills?’

The luxury home furnishing retailer faces multiple headwinds.

U.S. tariffs on auto imports went into effect on Thursday.

The report analyzed occupancy rates, vacancy duration, and renter competition.

The move follows the start of new U.S. tariffs on imported vehicles and parts, with ripple effects across North American automotive supply chains.

Share prices of U.S. and foreign automakers slump a day after Trump’s tariff announcement.

Non-pensioner benefits are rising by only 1.7 percent, which is considerably less than the inflation forecast of 3.2 percent.

The United States imposed global tariffs on Wednesday, with the UK facing a baseline 10 percent rate.

Automakers, retailers, and technology companies also shed payrolls.

All three major U.S. stock indexes saw declines on Thursday morning.

Washington’s new measures could derail China’s economic growth, according to Zhiwu Chen, a finance professor at HKU Business School.

Xi Jinping embarked on a charm offensive ahead of Trump’s reciprocal tariffs, but political pressure on a Hong Kong company could derail those efforts.

The EU stated that the global economy will ’massively suffer' under Trump’s new tariffs.

U.S. and global markets plunged after Trump announced 10 percent universal tariffs, along with higher rates for countries with more trade barriers.

Overall, despite the continued tariff distractions, after “Liberation Day,” I expect economic optimism to rise steadily in the upcoming months.

‘For decades, our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike,’ Trump said.

The increase in construction spending happened even though builders were concerned about rising costs.

Job growth accelerated in March, with financial and professional sectors leading gains while annual pay increases continued to slow.