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Economy

UK economic growth slows but beats forecasts

Economy

UK economic growth slows but surprises with stronger performance

Peter G. Killigang

The United Kingdom's economy experienced a notable slowdown in the second quarter of the year, although its performance exceeded the expectations of many financial experts. According to official data, the…

Economy

US wholesale prices jump in July as tariffs hit

Peter G. Killigang

Wholesale prices in the U.S. saw a significant increase in July, a movement that economists attribute largely to the effects of new tariffs. The surge in costs for producers, measured…

'I cleared my £13,000 debt with TikTok earnings'

Economy

TikTok earnings: How I eliminated £13,000 debt

Peter G. Killigang

A woman has shared her remarkable story of financial turnaround, revealing how she used her earnings from the social media platform TikTok to pay off £13,000 ($16,500 USD) in debt.…

Inside Australia's billion-dollar bid to take on China's rare earth dominance

Economy

Inside Australia’s billion-dollar strategy to rival China’s rare earth control

Peter G. Killigang

Australia is making a multi-billion dollar strategic push to become a global leader in the rare earths market, directly challenging China's long-standing dominance. This ambitious initiative is a response to…

UK firms chase £38bn India contracts but challenges loom

Economy

UK firms chase £38bn India contracts despite looming challenges

Peter G. Killigang

British companies are actively seeking a substantial collection of contracts in India, valued at approximately £38 billion, as they aim to benefit from the country's rapidly growing economy and infrastructure…

Trump's pick to lead economic data agency floats ending monthly jobs report

Economy

Trump’s appointee to economic data agency raises idea of ending monthly jobs report

Peter G. Killigang

The possibility of a major transformation in the way employment data is reported by the United States government has surfaced, initiating an extensive dialogue among economists, policymakers, and participants in…

China's unemployed young adults who are pretending to have jobs

Economy

How unemployed Chinese young adults are pretending to have jobs

Peter G. Killigang

In recent times, an increasing number of young individuals in China coping with joblessness have begun to act as if they are employed, forming a complicated social trend influenced by…

Nvidia and AMD to pay 15% of China chip sales to US

Economy

15% US tax on China chip sales for Nvidia and AMD

Peter G. Killigang

Nvidia and AMD, two prominent companies in the semiconductor sector, are preparing to direct 15% of their income from chip transactions in China to the U.S. government. This financial setup…

The US is taking a cut from chip sales to China - what does it mean?

Economy

What does the US share in chip sales to China mean for businesses?

Peter G. Killigang

The United States has introduced a new measure that effectively takes a portion of the revenue generated from semiconductor chip sales to China. This development signals a shift in trade…

Aug

Economy

Crocs US sales down as shoppers select trainers over clogs

Peter G. Killigang

The American footwear market has seen a notable change in consumer preferences, with recent sales data revealing a significant drop in purchases of Crocs' signature foam clogs. This downturn comes…