Business and Economy

Business and Economy Latest News

US private sector hiring sharply slows, drawing Trump ire
US private sector hiring sharply slows, drawing Trump ire
by  AFP

US private sector hiring hit its slowest pace since 2023 in May, according to data Wednesday from payroll firm ADP, significantly missing expectations in a month where all eyes are on the effects of President Donald Trump's trade war. Private sector employment rose by 37,000 jobs last month, slowing from the 60,000 figure in April.

EVs boost German auto sales, Tesla falls again
EVs boost German auto sales, Tesla falls again
by  AFP

A jump in electric car sales helped give a slight boost to Germany's troubled auto market last month, official data showed Wednesday, although Elon Musk's Tesla fared poorly again. But electric car maker Tesla, which has suffered across Europe due to anger that Musk played a role as a key advisor to US President Donald Trump, saw its sales slide again, this time by 36 percent.

Energy

Money

Industry

Technology

Economy