Topic: Economy

  • Senate passes Russia sanctions bill that was long championed by Lindsey Graham

    The US Senate has passed a bipartisan bill imposing tougher sanctions on Russia and countries that continue to buy Russian oil, gas and other exports. Backed by an 86–11 vote, it signals renewed congressional support for Ukraine and seeks to reduce the revenue Russia uses to sustain its war. Named after the late Senator Lindsey…

  • What’s behind the Google AI shakeup

    The Vergecast examines a leadership reshuffle within Google’s AI organisation, including the departure of veteran Google executive Jeff Dean, and asks whether it signals deeper problems in Google’s AI strategy. The discussion matters because Google is competing with OpenAI and Anthropic while trying to turn its research strength and DeepMind leadership into successful consumer products.…

  • Todd Blanche secures his final, much-needed ‘yes’ vote

    Senator Bill Cassidy said he would support Todd Blanche’s nomination as US attorney general, providing a crucial Republican vote and making Blanche’s confirmation highly likely. The decision matters because Blanche, President Trump’s former personal lawyer and current acting attorney general, would gain full authority to lead the Justice Department despite concerns about his independence. Cassidy…

  • US unexpectedly lost 23,000 jobs in July as slump in growth continues

    US employers unexpectedly cut 23,000 jobs in July, signalling a sharper slowdown in the labour market than economists had anticipated. The figures may reduce pressure on the Federal Reserve to raise interest rates despite persistent inflation, particularly as growth has weakened during the summer and amid conflict in the Middle East. The unemployment rate remained…

  • Employers unexpectedly cut 23,000 jobs in a sign of a wilting labor market

    US employers unexpectedly cut 23,000 jobs in July, signalling a weakening labour market and complicating the Federal Reserve’s decisions on interest rates. The result was well below forecasts of roughly 100,000 new jobs and represents a political setback for President Trump ahead of the midterm elections. Revisions also reduced employment estimates for May and June…

  • US loses 23K jobs in July, unemployment dips slightly

    The article’s headline reports that the US economy lost 23,000 jobs in July, while the unemployment rate edged down slightly. If confirmed, this would indicate a mixed labour-market picture: fewer jobs overall but a marginal improvement in the headline unemployment measure. No further article content is available beyond an access-denied notice, so the underlying causes,…

  • U.S. Lost 23,000 Jobs In July, But Entertainment Industry Saw An Uptick

    The US economy lost 23,000 jobs in July, contrary to forecasts for growth, signalling increased employer caution amid uncertainty over tariffs and the war in Iran. The report matters because it suggests the labour market may be weakening despite a slightly lower unemployment rate, which was partly affected by people leaving the workforce. Employment in…

  • Our current housing crisis began in 2008 — and it never ended

    The article argues that the US housing crisis began with the 2008 financial crash and has persisted because homebuilding never recovered sufficiently. It says the resulting shortage has made housing less affordable, particularly for younger and lower-income households, with consequences for household formation, labour mobility and inequality. Its central context is that construction fell sharply…

  • A new youth agitation grips an Indian state after ‘cockroach’ protests

    Hundreds of job seekers in Jharkhand are protesting alleged irregularities in a state civil service examination, weeks after similar youth-led demonstrations over exam paper leaks in Delhi. The protesters want the April preliminary exam cancelled and rerun, arguing that suspected manipulation has further undermined confidence in a system that offers many young Indians a crucial…

  • What can Dublin teach us? Milburn goes on a quest to solve youth jobs crisis

    Alan Milburn, the former UK cabinet minister, has led a delegation to Dublin to study how Ireland has slashed its rate of young people not in education, employment or training (Neet), as he prepares an autumn report for the UK government on Britain’s youth jobs crisis. More than a million young Britons are currently classed…