Economy – Page 7 – Golden Financier

Economy

US private employers add 122,000 jobs in May, beating estimates, ADP says

US private-sector hiring strengthened in May, offering fresh evidence that the labor market remains resilient despite rising inflation and uncertainty stemming from geopolitical tensions in the Middle East.According to data…

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Economy

UK car registrations rise 6% in May as EV demand accelerates

British new car registrations increased by about 6% in May compared with the same month a year earlier, supported by robust demand for plug-in vehicles, according to data released by…

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Economy

AI drives 40% of May layoffs as job cuts hit highest level since 2020

Artificial intelligence is rapidly reshaping the US labor market, with employers increasingly citing the technology as a reason for workforce reductions even as hiring continues in parts of the economy.US-based…

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Economy

US jobless claims rise to 225,000, but labour market remains largely resilient

The number of Americans filing new applications for unemployment benefits increased last week, but the overall level of claims remained consistent with a labour market that continues to show resilience…

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Economy

Venezuela emerges as key oil ally as India diversifies supplies

India and Venezuela are strengthening their energy partnership, with New Delhi describing the relationship as one of “perfect complementarity” amid severe disruptions in oil supplies from the Middle East caused…

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Economy

UK house purchase approvals rise above expectations in April

Mortgage approvals for house purchases in Britain rose to a three-month high in April, according to data released by the Bank of England on Tuesday.The Bank of England said the…

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Economy

India prepares major data upgrade with launch of Producer Price Index

India is set to launch a producer price index series this month, alongside a revised wholesale price index with a new base year, marking a significant change in the way…

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Economy

US job openings surge to nearly two-year high as labour market shows resilience

The US labour market showed renewed signs of strength in April, with job openings unexpectedly surging to their highest level in nearly two years, even as businesses grappled with higher…

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Economy

British house prices fall 0.6% in May amid economic uncertainty

British house prices fell by 0.6% in May compared with the previous month, while annual growth slowed to 1.7%, according to figures released by Nationwide Building Society on Monday.The latest…

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Economy

India raises section 301 concerns as US trade talks resume

India is expected to discuss Washington’s Section 301 investigation and potential tariff measures with US trade officials this week as both countries work toward finalising a trade agreement. A US…

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