Merz has been under rising political pressure at home to do more to address Germany’s economic malaise. Following two straight years of economic contraction, economists expect little if any growth this year, in part due to U.S. President Donald Trump’s tariff policies, which hit Berlin’s export-oriented economy particularly hard. German business leaders are now urging…
BANGKOK — BANGKOK (AP) — Shares swung higher Wednesday in Europe and Asia, supported by buying of technology shares, as hopes for a U.S. interest rate cut helped to offset worries over simmering trade tensions between Washington and Beijing. Gold rose to new highs, hitting $4,217 per ounce. The precious metal has soared nearly 60%…
Private payrolls plunged in September, complicating the picture for the US economy as policymakers and investors struggle to assess the state of the labor market amid a government shutdown. The Bureau of Labor Statistics is unlikely to release the monthly jobs report this Friday due to the closure. That means many flying blind without critical…
US equity futures held losses after Congress failed to agree to a spending plan, forcing the government into a shutdown that will keep hundreds of thousands of federal workers home from their jobs. Futures on the S&P 500 Index were down 0.4% as of 1:02 a.m. Wednesday after the deadline to fund the government came…
You could practically hear Hollywood executives groaning Monday after President Donald Trump mused again about imposing a “100%” tariff on films produced abroad. But at least two local legislators saw an opportunity in Trump’s latest riff. Just hours after the president’s Truth Social post, California Sen. Adam Schiff and U.S. Rep. Laura Friedman released similar…
The Animation Guild has launched an ambitious attempt to unionize feature production workers at Netflix Animation Studios as part of its broader effort to expand its reach inside the animation production space. On Wednesday, a group of 60 workers requested voluntary recognition of a union from management, according to The Animation Guild. The group is…
Hong Kong is in talks with several Chinese electric-vehicle makers to establish local EV manufacturing, according to people familiar with the matter, as the financial hub looks to advanced industries to diversify its ailing economy. The city’s officials aim to develop an EV assembly base — a relatively complex process requiring advanced skills, the people…
Charlie Kirk’s assassination has prompted many to speak out on social media, including an assistant dean of MTSU. Administrators fired Laura Sosh-Lightsy after she posted what the school called “inappropriate and callous comments” about the conservative activist’s death. The employee stated online: “Hate begets hate. ZERO sympathy.” Her post faced backlash and even caught the…
WASHINGTON (AP) — The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the nation’s economy. Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday. The department issues the so-called benchmark revisions every…
SEOUL, South Korea (AP) — South Korea’s foreign minister departed for the U.S. on Monday to finalize steps for the return of several hundred South Korean workers detained in a massive immigration raid in Georgia, a spectacle that has caused confusion, shock and a sense of betrayal among many in the U.S.-allied nation. The Sept….