Economy
World / Countries / MNCs
UK-based cosmetic brand The Body Shop, which recently filed for bankruptcy, will cease its operation in the US and will shut down several stores in Canada. more
Artificial Intelligence is eliminating jobs, report says nearly 4,000 people were laid off in US last month

Artificial Intelligence has started taking away human jobs and this is not just a myth now as a new report showed that 3900 people were laid off in the USA due to technology in May.

US reaches debt ceiling deal amid a looming financial crisis

Washington: As the US faces a potential debt default, President Joe Biden and his Republican opponents have reached an in-principle agreement to raise the US debt ceiling to avert a defau ...

US fund managers turning away from China, looking to Europe for growth

New York: Top US investment management firms are currently engaged in hiring in Europe as China's earlier followed strict Zero COVID policy and rising geopolitical tensions have pushe ...

Joe Biden urges US gas stations to lower prices

Washington/UNI/Sputnik: US President Joe Biden sought on Saturday to persuade companies "setting prices at the pump" to lower their charges immediately as his administration str ...

US inflation rate touches 40 years high as households battle rising food costs

Washington: Rising energy and food costs have pushed USA's inflation to a record level since 1981.

Forced labour in China: US starts blocking solar panel imports

Washington: The US government has started blocking the import of solar panels that they believe could be products of forced labor in China, an issue which might once again trigger conflic ...

US manufacturers face tough challenges from China's 1-cent masks

Washington: Cheap import of masks from China is blamed by US manufacturers of Premium-PPE as the reason behind the plunge of mask production.

US, Taiwan officials discuss trade expansion during virtual meet

United States Trade Representative Katherine Tai recently met virtually with Taiwan Minister-Without-Portfolio John Deng.

Washington expresses concern over Beijing's 'unfair and market-distorting' industrial policies

Washington: U.S. Commerce Secretary Gina M. Raimondo held an introductory call on Thursday with the Minister of Commerce of the People’s Republic of China Wang Wentao when she expre ...