British businesses continued to cut jobs for the third consecutive month, facing pressure from rising taxes and the impact of US trade policies. According to the Office for National Statistics, the number of payrolled employees declined by 33,000 in April.
Amid a surge of interest in cryptocurrencies, Ripple CEO Brad Garlinghouse said in an interview with Fox Business that a financial revolution has begun, during which XPR could displace the outdated SWIFT system.
Industrial production in Japan declined 1.1% in March, surpassing economists’ forecasts of a 0.4% drop, Bloomberg reported. The slump reflects growing economic headwinds from US tariff measures, even as transportation equipment (excluding autos) posted gains.
Sentiment in the British business environment has fallen to its lowest level in three months. The country’s employers are concerned about the impact of new tariffs from the US and turbulent economic environment.
Nasdaq has filed an application with the US Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares Spot Dogecoin exchange-traded fund (ETF). According to CoinMarketCap, this is an important step toward accepting this cryptocurrency in the regulated investment space.
The downfall of activity at China’s facilities led to a decline in copper prices after it had reached record levels in April. It illustrates the impact of trade tensions between the US and China.
Australia's core inflation for the first quarter of 2025 came in above forecasts. This has dampened expectations of rapid rate cuts by the country's central bank this year and sent the national currency higher.
No change of the indicator value may reduce the volatility of the related markets.
An increase of the indicator value may contribute to the rise in quotes of JPY.
Trussell, a British non-governmental organization and charity, says Labour’s intention to cut benefits will hit the wider UK economy and public finances. It urges the government to revise its stance on benefits in order to improve households’ financial position.
In April, food prices in the UK increased the most since January 2024. According to Bloomberg, supermarkets were forced to cope both with tax hikes and a surge in the country's minimum wage.
