U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
Gross domestic product was expected to rise at a 0.4% annualized pace in the first quarter, according to the Dow Jones consensus estimate.
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Private payroll growth slowed to 62,000 in April, well below expectations
Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump’s tariffs.
Shein explores US restructuring as tariffs threaten to derail London IPO
Fast-fashion company searches for workarounds as Trump’s trade war endangers operations in its most important market
The case for ‘greening’ sovereign debt relief
Also in today’s newsletter, a new philanthropic initiative for newborn health bucks global aid cuts
Shops could be forced to accept cash in future, MPs warn
There is no data on how widely cash is accepted which puts the UK at risk of becoming cashless, a report warns.