Canada’s labor market added 75,100 net jobs in July, far surpassing a Reuters poll forecast of 16,500 and driving the national unemployment rate down to a two-year low of 6.4%, according to data released by Statistics Canada. The robust employment gains, driven by increases in both full-time and part-time work, offer fresh evidence that the … Read more
China’s manufacturing sector expanded at its slowest pace in four months in July, as output and new orders rose more moderately, according to a private-sector survey released on Monday by S&P Global and RatingDog. The RatingDog China General Manufacturing Purchasing Managers’ Index (PMI) fell to 50.9 in July from 51.7 in June, missing analysts’ consensus … Read more
A 16-year-old rookie lifeguard at Seabright State Beach rescued a 10-year-old boy from massive swells on Saturday, according to local officials and captured video. The dramatic rescue in Santa Cruz drew national attention and praise from the White House after local photographer Scott Vander Dussen shared footage of the incident on social media. Viral Video … Read more
Samsung Electronics expects global memory chip shortages to worsen and extend into 2028, according to company executives, even as surging semiconductor prices drive massive profit growth while simultaneously squeezing the firm’s mobile division. The memory giant posted an operating profit of 89.2 trillion won ($61.7 billion) for the second quarter, marking a more than 250-fold … Read more
India youth protests over the National Eligibility-cum-Entrance Test (NEET) paper leaks have forced Prime Minister Narendra Modi into a major political climbdown, culminating in the resignation of Education Minister Dharmendra Pradhan and a government commitment to exam reforms. The movement, fueled by viral online organizing through the Cockroach Janta Party (CJP), highlights deep-seated economic anxieties … Read more
Volkswagen is weighing a potential reduction of up to 100,000 jobs worldwide to address a 20% cost disadvantage compared to its rivals, according to an internal memo from CEO Oliver Blume. The automaker, which has already finalized 50,000 job cuts across its group, is currently evaluating further adjustments to its manufacturing network to improve efficiency … Read more
Wall Street indexes climbed on July 2 as a softer-than-expected U.S. employment report for June tempered market expectations for Federal Reserve interest rate hikes. The U.S. economy added 57,000 jobs last month, falling short of the 110,000 jobs economists had estimated, according to data reported by Reuters. This cooling labor market data prompted a shift … Read more
Wesley Mission Queensland will close its ORCA Project, an employment training program for young people with disability, on June 26, 2025. The charity cited an “increasingly complex” National Disability Insurance Scheme (NDIS) environment, marked by rising costs and regulatory changes, as the primary driver for the decision. The program, which supported 90 participants last year, … Read more
Prime Minister Keir Starmer is expected to announce his resignation or a departure timetable as early as Monday, according to The Observer. This potential exit follows Andy Burnham’s recent victory in a parliamentary by-election, an event that provides the political grounds for a formal leadership challenge within the Labour Party. Why is Keir Starmer’s leadership … Read more
Bolivian President Rodrigo Paz declared a nationwide state of emergency on June 20, 2026, authorizing the deployment of armed forces to clear road blockades that have paralyzed the national economy for 50 days. The decree, intended to restore the flow of essential goods like food, fuel, and medicine, requires congressional approval within 72 hours, according … Read more