Author: Andrew Rogers

The US economic picture weakens as new data reveals rising jobless claims alongside accelerating inflation, signaling mounting challenges for households, businesses, and policymakers alike. Economists warn that the combination of slowing employment growth and persistent price pressures could weigh on overall economic stability. Recent reports indicate that jobless claims have increased after months of relative stability. While unemployment remains low compared to historical levels, the upward trend suggests that certain industries are beginning to feel the impact of economic pressures, leading to slower hiring or layoffs. Analysts note that weakening labor markets can reduce consumer confidence and spending, further affecting…

The International Monetary Fund (IMF) has flagged that the US economy is showing strains, citing moderating demand and slowing job growth. The warning signals potential challenges for policymakers, businesses, and financial markets as the country navigates an evolving economic landscape. According to the IMF, consumer demand, which has been a key driver of economic growth in recent years, is beginning to moderate. Rising prices for essentials, inflationary pressures, and tighter credit conditions are causing households to curtail discretionary spending. Analysts warn that sustained moderation could impact retail, services, and other consumer-driven sectors. Job growth, which remained resilient for much of…

A recent global travel report has highlighted an Indian state as one of the world’s top 10 underrated tourist gems for 2026, drawing attention to its unique culture, natural beauty, and off-the-beaten-path experiences. The recognition positions the state as a must-visit destination for travelers seeking alternatives to crowded tourist hotspots. Tourism experts praise the state for its combination of rich history, vibrant traditions, and scenic landscapes. From pristine mountains and dense forests to ancient temples and heritage sites, the region offers a variety of experiences that appeal to adventure seekers, culture enthusiasts, and nature lovers alike. According to the report,…

Spending by international visitors fell sharply in July, raising fresh concerns for the tourism and hospitality sectors that have been working to recover from years of disruption. According to newly released data, global travel demand remains below expectations, even as borders stay open and airlines increase routes. The international visitor spending July figures show that tourists are becoming more cautious with their budgets. Rising airfare costs, inflation in hotel prices, and currency fluctuations are making travel more expensive. As a result, visitors are spending less once they arrive, creating ripple effects across restaurants, attractions, and retail businesses that rely on…

David Ellison is making it clear that he has no intention of sitting on the sidelines in Hollywood’s competitive landscape. With Skydance Media, the company he founded, Ellison has set his sights on taking on entertainment giants such as Netflix and Disney. His latest moves signal a serious push to capture what many call Hollywood’s crown—the coveted spot as the world’s leading content powerhouse. Ellison, the son of Oracle co-founder Larry Ellison, has spent more than a decade building Skydance into a formidable studio. While it began as a production partner on blockbuster films, the company has steadily grown into…

Several leading media organizations have voiced strong opposition to a proposal by Donald Trump to restrict visas for overseas journalists. The groups argue that such a move would undermine press freedom, limit global reporting, and harm the United States’ image as a champion of free speech. Reports suggest that the Trump campaign is considering policies that would make it harder for international journalists to obtain or renew visas to work in the United States. The proposal has raised alarms within the global press community, which sees it as an attempt to restrict critical reporting and reduce foreign coverage of U.S.…

A large immigration raid at a Hyundai plant in Georgia will delay its start by at least two months. The company confirmed the setback after hundreds of foreign workers were detained. raid triggers diplomatic tension The raid has intensified tensions between the United States and South Korea. Many of the detained workers came from South Korea. President Yoon warned the incident could discourage foreign investment in the United States. South Korean officials said many workers were sent temporarily to help launch the new plant. Hyundai chief executive José Muñoz told American media the raid will cause a delay of at…

The European Central Bank kept its deposit rate unchanged at 2%, aligning with analyst expectations.The rate remains at its lowest in more than two years, following eight cuts since June 2024.The ECB also left its refinancing and marginal lending rates steady at 2.15% and 2.40%.President Christine Lagarde said inflation is stabilising around the 2% target in the medium term.Eurozone inflation stood at 2.1% in August, after 2% in June and July.The EU-US trade deal adds clarity, but the ECB is still assessing its full impact.Lagarde noted political instability in France could weigh on investment and economic confidence.Oxford Economics forecasts 0.8%…

Oracle co-founder Larry Ellison has overtaken Elon Musk as the world’s richest person after Oracle shares surged.His 41% stake is now valued at $393bn, compared with Musk’s $384bn fortune, according to Bloomberg.Oracle stock jumped more than 40% in early trading to $340 a share, valuing the company at $958bn.It marked Oracle’s largest single-day increase and the biggest wealth gain ever on Bloomberg’s index.Ellison, 81, also owns Tesla shares, a Hawaiian island, a sailing team, and the Indian Wells Open tennis event.Musk and Ellison share close ties, with Ellison investing $1bn in Musk’s Twitter takeover in 2022.Musk frequently visits Ellison’s Hawaiian…

Venezuela gave Donald Trump $500,000 before he became president. This donation came from the government of Nicolás Maduro, Venezuela’s leader, through the state-owned oil company PdVSA and its U.S. branch, CITGO. The money, worth nearly $670,000 today, went to Trump’s first inaugural committee in 2016. At the time, Trump had not yet taken harsh actions against Venezuela. He had not authorized military strikes, ordered sanctions, or targeted Venezuelan civilians. For the inauguration, the funds helped finance lavish events. In fact, the inaugural committee raised so much money that $26 million was left over. This surplus paid an event planning company…