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US Initial Jobless Claims Drop by 9,000: Weekly Report Highlights

Washington: The number of Americans filing first-time unemployment claims fell by 9,000 last week to 215,000, according to Labor Department data released Thursday. This decrease marks a significant shift from the previous week’s upwardly revised level…

Tariffs Tensions Spur Global Recession Concerns

Washington: US President Donald Trump’s tariffs since his inauguration and the rising uncertainties over trade policies around the world spur recession concerns this year, as international organizations reduce their growth forecast for the global econ…

China Calls US Tariff Hikes a ‘Numbers Game’

Ankara: Denouncing the use of tariffs as a “weapon” to “coerce and bully others,” Beijing on Thursday criticized the latest 245% levies on Chinese imports by the US as a “numbers game.” “You should probably ask the US side as to how they arrived at th…