Topic
economic slowdown
Business US Employers Unexpectedly Cut 23,000 Jobs in 'No Hire, No Fire' Labour Market Reversal
US employers unexpectedly cut 23,000 jobs in July, with the Labor Department revising May and June payrolls down by 103,000. Analysts characterise the labour market as 'no hire, no fire', with job security strong for existing workers but hiring and entry-level opportunities scarce.
Business China's Industrial Profit Growth Slows for First Time in 6 Months as Weak Domestic Demand Bites
China's industrial profit growth slowed for the first time in six months in May, rising 21.1% year-on-year versus 24.7% in April, as weak domestic demand outweighed gains from exports and higher factory-gate prices. For January-May 2026, profits rose 18.8%, missing Bloomberg Economics' 19% forecast, and totalled 3.14 trillion yuan ($462 billion), below the same period in 2022. The data signals growing earnings pressure for manufacturers, with implications for corporate strategy and investment decisions.
Business India's GDP Growth at 7.7% in FY26 Amid Global Tensions
India's GDP growth reached 7.7% in FY26, surpassing expectations despite global tensions. Key drivers included strong consumer spending and investment activity. However, the US-Iran conflict poses potential risks for future growth.