Christal Hayes BBC News, Los Angeles Watch: Donald Trump on the US economy: ‘Give us a little bit of time’ President Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears. He said the figure was misleading because companies had stockpiled…
Shares of British food delivery firm Deliveroo jumped to their highest level in more than three years on Monday, after the company confirmed it had received a $3.6 billion takeover offer from U.S. firm DoorDash. Deliveroo first made the announcement after European markets closed on Friday. In a follow-up update Monday, it said it was immediately suspending…
Stephen McDonell China correspondent BBC/Benjamin Begley The ‘silver train’ initiative aims to get retirees to visit remote parts of China and boost the local economy Beijing insists it will stand firm in the face of Donald Trump’s tariffs on Chinese goods. It has been trying to reassure everyone that the country is strong and the…
Former Treasury Secretary Steven Mnuchin said Wednesday he believes “people are overreacting a bit” to the policy changes from the current Trump administration. Mnuchin, who served in President Donald Trump’s Cabinet during the Republican’s first term in office, told CNBC’s “Squawk Box” that he does not see signs of an imminent slowdown for the U.S….
U.S. Treasury Secretary Scott Bessent attends at an Economic Club of New York event in New York City, U.S., March 6, 2025. Jeenah Moon | Reuters Treasury Secretary Scott Bessent on Friday acknowledged some signs of weakness in the U.S. economy. “Could we be seeing that this economy that we inherited starting to roll a…
