The UK government has made a significant move by committing 14. 2 billion pounds to the Sizewell C nuclear power plant project. This investment is aimed at boosting the country's energy security and creating jobs. The prime minister has emphasized that this is not a blank check but a strategic investment. The project, located on the Suffolk coastline, is expected to ...
The federal government is in a tough spot. The national debt is climbing, and the recent tax and spending cuts passed by the House could add over $5 trillion to it in the next decade. The White House is betting on economic growth to shrink these deficits, but not everyone is convinced. The Committee for a Responsible Financial Budget, a group that keeps an eye on the...
Ontario's Bill 5, the Protect Ontario by Unleashing our Economy Act, 2025, aims to tackle housing and economic issues. However, it might not be the silver bullet it's made out to be. The bill could lead to higher costs for everyone in the long run. Why? Because it weakens environmental safeguards and overrides local planning. When development happens in flood-pron...
The U. S. Treasury Secretary, Scott Bessent, recently hinted that Walmart, the nation's biggest retailer, might increase prices due to President Trump's tariffs. This came after Trump warned Walmart not to raise prices and promised to keep a close eye on the situation. The conversation between Bessent and Walmart's CEO, Doug McMillon, happened just a day after Trump...
The Federal Reserve, America's central bank, has chosen not to change interest rates. This is due to the uncertainty caused by President Trump's tariffs. The decision was made public on a Wednesday. This is the third time in a row that the Fed has decided not to act. The key lending rate remains around 4. 3%. The Fed's chairman, Jerome Powell, spoke about the impact...
The Taiwan dollar has been on a wild ride lately. After a massive jump, it took a sudden dip. This rollercoaster ride has caught the eye of many. Some think it's all about trade talks with the U. S. Others see it as a sign of Taiwan's economic strength. But what's really going on? First, let's talk about the big jump. The Taiwan dollar shot up over 9% in just two da...
The U. S. economy is feeling the strain of the ongoing trade war. The job market has shown signs of slowing down. This is happening as the president's trade policies start to impact the broader economy. In April, the number of new jobs created was 177, 000. This is a slight decrease from the previous month. The unemployment rate remained steady at 4. 2%. This is desp...
The U. S. economy took a surprising turn at the start of the year. It actually shrank. This wasn't a major crash, just a small dip. The U. S. gross domestic product, which is a measure of the economy's health, declined by 0. 3% in the first three months of the year. This was a big change from the strong growth seen at the end of the previous year. This slowdown happ...
The U. S. economy faced a setback in the first quarter of 2025. The country's economic output shrank by 0. 3% when compared to the same period last year. This decline was the first since early 2022. Experts had anticipated a 0. 4% growth, following a 2. 4% increase in the last quarter of 2024. The slowdown was primarily due to a sudden surge in imports. Companies and...
The trade war sparked by the Trump administration is expected to result in some agreements between the US and its trading partners. However, the overall tax burden on imports is likely to increase significantly. This is according to a recent analysis by a major financial firm. The firm predicts that the effective tax rate on imports could rise to between 10% and 20%...