Economy

‘Lots of businesses are collapsing. It’s a huge impact,’ small business owner Katy said of the situation in China.

Musk attended the meeting as founder of an artificial intelligence company.

The company says it would commit to keeping its prices competitive amid the tariff environment.

The company’s first-quarter earnings were significantly below Wall Street’s expectations, and its shares dropped sharply.

The luxury homebuilder remains optimistic about the long-term outlook for the new home market, particularly in the luxury segment.

Most firms also plan to raise prices as the U.S. tariffs drive broad shifts in supply chains and pricing strategies.

The Office for National Statistics said Consumer Prices Index inflation hit 3.5 percent in April, up from 2.6 percent in March.

The age 55-plus segment represents 30 percent of housing sharing and reflects the aging U.S. population.

The company said it remains ‘bullish’ on the fundamentals of home improvement.

‘We are closely monitoring changes in the macroeconomic environment,” the buy now, pay later firm said.

The RBA Board said inflation had ‘fallen substantially’ from its 2022 peak, with higher interest rates helping bring demand and supply into better alignment.

The department says increased LNG exports benefit the economy, allies, and national security.

Victoria’s state budget will record the first operating surplus since COVID-19, but net debt remains a burden that Victorians will be paying for years to come.

Leaders praised the summit as a fresh start, but key agreements remain non-binding, and critics warn the UK is edging closer to EU rules without a say.

Treasury Secretary Scott Bessent said that those who fail to negotiate in good faith will receive a letter notifying them of the tariff they will face.

‘I think we’ll have a great conversation, and hopefully it will be the beginning of some long-term trade negotiations,' U.S. Vice President JD Vance said.

The duties on a type of engineering plastic include 74.9 percent on U.S. imports and 34.5 percent on European Union imports, among others.

The Trump administration has imposed, paused, or floated tariffs on various countries and products. Keep track of them here.

The UK overtook China as the United States’ second-biggest foreign creditor.

A temporary U.S.–China trade truce and a series of U.S.–Middle East deals eased stagnation fears and drew bulls into the market.