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Economy

U.S. Jobless Claims Fall as Labor Market Holds Steady Amid Rising Global Risks

New applications for unemployment benefits in the United States declined last week, pointing to a stable labor market with relatively low layoffs through March. According to the Labor Department, initial claims dropped by 9,000...

U.S. Trade Deficit Widens to $57.3 Billion in February Despite Record Exports

The U.S. trade deficit widened by 4.9% to $57.3 billion in February, as a surge in imports outpaced strong export growth, according to data released by the Commerce Department’s Bureau of Economic Analysis and...

Trump Approval Rating Slumps Amid Iran War and Rising Fuel Prices

Donald Trump’s approval rating has dropped to its lowest level since returning to the White House, according to a Reuters/Ipsos poll. The four-day survey, completed Monday, shows just 36% of Americans approve of his...

Canada’s Inflation Slows to 1.8% in February Amid Base-Year Effects

Canada’s annual inflation rate eased to 1.8% in February, down from 2.3% in January, according to data released by Statistics Canada. The decline was largely driven by base-year effects, as prices had surged during...

Indian economy is strong, opines IMF

The International Monetary Fund opines that the Indian economy is strong and is growing consistently though it has suffered some downfalls in the recent past. The international organisation forecasts that the Indian economy would...