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Economy

The ‘Thucydides Trap’: why a 2,500-year-old war loomed over the Trump-Xi summit

In 2015, Chinese President Xi Jinping used the term “Thucydides Trap” in Seattle before an audience that included former Secretary of State Henry Kissinger.“There is no such thing as the…

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Economy

US jobless claims rise less than expected despite ongoing layoffs

The number of Americans filing new claims for unemployment benefits rose modestly last week, underscoring continued resilience in the US labor market despite ongoing layoffs in the technology sector and…

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Economy

US jobs report beats forecasts in April as unemployment holds steady at 4.3%

The US labour market delivered stronger-than-expected job growth in April, signalling continued resilience despite mounting concerns over trade tensions, artificial intelligence-driven job cuts and rising energy costs.Data released by the…

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Economy

US jobs report beats forecasts in April as unemployment holds steady at 4.3%

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Economy

Evening digest: Trump displeased with Iran talks, jolts EU with auto tariffs

President Donald Trump expressed dissatisfaction with ongoing Iran negotiations, while also announcing plans to raise tariffs on EU auto imports to 25%. Oil prices eased amid renewed diplomatic signals, even…

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Economy

Will Powell’s move limit White House influence over the Fed?

Federal Reserve Chair Jerome H. Powell has capped his eight-year tenure with one of the most contentious policy moments in decades, underscoring deep divisions within the central bank.Besides, his decision…

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