Wall Street Stunned by 130,000 US Job Gains in January
The US economy added 130,000 jobs in January, far exceeding economists' forecasts of 75,000, while the unemployment rate dipped to 4.3%.
Category : Economy
HMRC Explains State Pension Tax Rules and Triple Lock Impact
HMRC has detailed how state pension tax codes adjust with triple lock increases, using specific calculations based on payment dates and National Insurance numbers.
Heineken Cuts 6,000 Jobs as Beer Demand Drops
Brewing giant Heineken announces plans to cut up to 6,000 jobs globally over two years, impacting 7% of its workforce, due to declining sales and challenging market conditions.
Musk's Hiring Trick: Ditch CVs for 20-Minute 'Wow' Factor
Elon Musk reveals his radical hiring method, ignoring CVs to focus on a 20-minute conversation and 'goodness of heart' for assessing job candidates at Tesla and SpaceX.
US Economic Boom Fails to Spark Strong Job Market Growth
Despite robust GDP growth, US job creation remains sluggish with major layoffs and downward revisions to 2025 figures. Experts cite high interest rates, automation, and policy uncertainty.
Albanese Government Considers Capital Gains Tax Changes
The Albanese government is revisiting capital gains tax reform, driven by political necessity and fiscal pressures ahead of the May budget. Changes could target the 50% discount on investment profits.
Coca-Cola Q4 Demand Up Despite Prices, Outlook Hits Shares
Coca-Cola reported stronger U.S. demand and 1% global volume growth in Q4, with revenue hitting $11.8 billion, but shares fell nearly 4% as outlook disappointed investors.
Minnesota Economy in Crisis Amid Federal Immigration Crackdown
Small businesses in Minneapolis and St Paul are suffering severe losses, with owners reporting revenue drops up to 65% and closures due to fear from ICE operations, threatening the region's immigrant-driven economy.
BP Halts Buybacks, Ramps Up Cost-Cuts as Profits Fall
BP reports a 16% drop in annual profits to $7.49 billion, suspends share buybacks and increases cost-saving targets to $5.5-6.5 billion amid falling crude prices.
February 2026 Benefit Dates and Cost of Living Support
Essential guide to February 2026 payment dates for benefits and pensions, plus cost of living support amid rising inflation and economic challenges.
West Bank Palestinians Struggle as Israel Cuts Work Permits
Over 100,000 Palestinians have lost work permits for Israel since the Gaza war began, pushing unemployment to 30% and creating severe economic hardship in the West Bank.
Russia's Oil Revenue Plummets Under Sanctions Pressure
Russia's oil and gas export revenues have fallen to pandemic-era lows due to new US and EU sanctions, forcing Moscow to raise taxes and borrow domestically to sustain its war economy amid slowing growth.
Australian Wages to Trail Inflation Until 2027, RBA Says
The Reserve Bank of Australia forecasts inflation will outpace wage growth until at least mid-2027, extending the cost-of-living squeeze for millions of households and eroding purchasing power.
Minister Explains National Insurance and Inheritance Tax Changes
Chief Secretary to the Treasury James Murray outlines major tax changes including National Insurance increases and inheritance tax relief adjustments before the Economic Affairs Committee.
Historic Living Standards Decline Hits British Households Hard
A new report reveals British families face the slowest income growth in decades, with over half of households in poverty containing working individuals and disposable incomes stagnating despite increased work effort.
Lower-Income Families Face 137-Year Wait for Living Standards
A new report from the Resolution Foundation reveals a stark income slowdown since 2005, with pay rises drying up and leaving poorer households in a prolonged stagnation.
IRS Staff Cuts Lead to Tax Refund Delays and Backlog
The IRS has lost 27% of its workforce since 2025, creating a backlog of 590,000 amended returns and potentially delaying refunds for millions of taxpayers.
IRS Tax Refund Deadlines: Key Dates and Processing Times
Learn the crucial IRS tax deadlines for 2026, including filing dates, refund processing times, and how to track your payment status effectively.
Treasury Minister Outlines Long-Term Tax Changes for Drivers
Chief Secretary James Murray explains new e-VED levy for electric vehicles and upcoming tax increases, addressing declining fuel duty revenues and long-term fiscal sustainability.
HMRC Urges Universal Credit Claimants to Check Savings Eligibility
HMRC is encouraging eligible individuals to apply for the Help to Save account, which offers a government bonus of up to 50% on savings over four years.
HMRC's Help to Save: £1,200 Bonus for Low-Income Savers
Millions of Universal Credit claimants can earn up to £1,200 in government bonuses over four years through HMRC's Help to Save scheme, which adds 50p for every £1 saved.
Trump Proud of Economy as Polls Reveal Cost of Living Crisis
President Donald Trump claims pride in the U.S. economy, but new surveys indicate 90% of Americans believe the nation faces a severe cost of living crisis with many struggling to pay bills.
Wetherspoon Founder Urges Support for Reform's Pub Tax Plans
Sir Tim Martin, chairman of JD Wetherspoon, has called on hospitality industry leaders to support Reform UK's proposed tax cuts for pubs, aiming for parity with supermarkets.
UN Chief: Move Beyond GDP to Avoid Planetary Disaster
UN Secretary-General António Guterres warns that current economic metrics reward pollution and must be overhauled to value environmental sustainability and human wellbeing.
Japanese Stocks Surge as Takaichi Wins Landslide Election
Japanese shares soared to a record high after Sanae Takaichi's Liberal Democratic Party secured a supermajority in the lower house, enabling decisive fiscal stimulus plans.
UK Employers Install Office Beehives to Improve Workplace Wellbeing
British companies are installing beehives in offices to reduce stress and build community. Providers report surging demand as firms seek mental health benefits through nature-based experiences.
Martin Lewis: Universal Credit Savings Exception Revealed
Martin Lewis highlights a DWP Help to Save scheme offering 50% bonuses for Universal Credit recipients, plus insights on mortgage overpayments versus savings.
UK Economy Set for Modest Growth as Budget Clarity Emerges
The UK economy is expected to show modest growth for Q4 2025, with GDP data due Thursday. Economists predict a 0.1% expansion, boosted by post-budget certainty and festive spending.
UK Economy Grew Modestly in Q4 2025 Despite Budget Concerns
The UK economy is expected to have grown by 0.1% in the final quarter of 2025, with the ONS set to release official GDP data on Thursday. Economists cite budget clarity and festive spending as key factors.
UK Economy Grows Modestly in Q4 2025 Despite Budget Concerns
The UK economy is expected to have grown by 0.1% in the final quarter of 2025, with GDP data due on February 12. Economists cite Budget uncertainty and a slight recovery in services spending as key factors.
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