This week saw one of the most important — and perhaps surprising — events in corporate Britain’s annual calendar: the gala night of the Royal Horticultural Society (RHS) Chelsea Flower Show. This traditionally marks the beginning of what, in English high…
Browsing: Economy
Hong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital asset. Unlike volatile digital assets like bitcoin, the value of stablecoins is tied to a real-world asset like fiat currencies or commodities…
Moody’s decision to join other major ratings agencies in downgrading the U.S.’s once-pristine credit rating could have a tangible impact on Americans’ wallets. The agency has dropped the U.S. sovereign credit rating—an assessment of the country’s ability to pay its…
The United States’ loss of its last triple-A credit rating and mounting concerns about government debt are threatening to disrupt the relative calm in financial markets that has prevailed since President Trump began pausing tariffs early last month. One factor jarring markets…
In Saudi Arabia, he received a standing ovation from business elites as he announced the lifting of sanctions on Syria. In Qatar, he took home an investment pledge of billions of dollars in American goods and services. In the United…
The Federal Reserve will reduce its work force by 10 percent over the next several years to ensure the institution is “right-sized and able” to carry out its duties to foster a healthy economy. Jerome H. Powell, the chair of…
Qatar, a nation roughly the size of Connecticut with a population smaller than Brooklyn’s, has leveraged its immense natural gas wealth to secure outsize influence in Washington and across the American academic and defense establishment. Over the past two decades,…
Walmart Inc. (NYSE: WMT), the world’s largest retailer, announced on Tuesday that it will begin raising prices on a broad range of consumer goods in the coming months, citing the intensifying impact of U.S. tariffs on Chinese imports and other…
A year after the $15-billion electric vehicle project in Ontario was announced, Honda Canada is pushing the project back. The company said Tuesday it would put the plan to build an EV supply chain — which included a proposed EV battery plant and retooled…
The UK’s job market has continued to weaken with the number of workers on payrolls falling in the first few months of the year and job vacancies declining again. Analysts said the latest figures from the Office for National Statistics…
