U.S. World Business Lifestyle
Today: June 03, 2026
Today: June 03, 2026

economic downturn

Business|Economy|Europe|World

Spanish service sector stabilises in May as sales return to growth, PMI shows

Spain's service sector activity stabilised in May as activity and sales returned to growth after April's decline, a business survey showed on Wednesday.

Spanish service sector stabilises in May as sales return to growth, PMI shows
Business|Economy|Europe|Finance|World

French services sector shrinks in May at fastest pace since late 2020, PMI shows

France's services sector contracted at its sharpest pace in 5-1/2 years in May as weaker demand and rising costs due to the Iran war hammered businesses, a survey showed on

French services sector shrinks in May at fastest pace since late 2020, PMI shows
Business|Economy|World

Russian services contract in May at fastest pace since September 2025, PMI shows

Russia's services sector contracted in May at its quickest pace since September as weaker demand drove steeper falls in new orders and output, a business survey showed on

Russian services contract in May at fastest pace since September 2025, PMI shows
Business|Economy|Europe|Finance|MidEast|Stock Markets|World

UK CBI retail data recovers from record low, consumer demand still weak

British retailers reported lower sales in May against a backdrop of weak demand, but not the record downturn they had reported a month earlier, according to figures released

UK CBI retail data recovers from record low, consumer demand still weak
Business|Economy|Europe|Finance|World

Germany's residential construction drops to 13-year low

Residential construction in Germany dropped to a 13-year low in 2025, hurt by higher building costs and interest rates, putting pressure on the government to step up

Germany's residential construction drops to 13-year low
Australia|Business|Economy|Finance|Stock Markets|World

Australia business confidence shaken as costs climb, survey shows

Australian business confidence remained mired in gloom in April, a survey showed on Tuesday, as spiking energy costs from the Middle East war squeezed profit margins and

Australia business confidence shaken as costs climb, survey shows
Americas|Business|Economy|World

Mexico's economy contracts more than expected, recovery could hinge on World Cup

Mexico's economy contracted 0.8% in the first quarter from the previous three-month period, preliminary data showed on Thursday, an

Mexico's economy contracts more than expected, recovery could hinge on World Cup
Business|Economy|Europe|Political|World

Italy says EU should consider pausing budget rules if Iran crisis persists

European Union authorities should consider a temporary suspension of budget deficit rules if the U.S.-Israeli war against Iran flares up again, Prime Minister Giorgia Meloni

Italy says EU should consider pausing budget rules if Iran crisis persists
Business|Economy|Finance|Political|World

Americans' confidence in the U.S. economy falls sharply in January to lowest level since 2014

U.S. consumer confidence declined sharply in January, hitting the lowest level since 2014 as Americans grow increasingly concerned about their financial prospects

Americans' confidence in the U.S. economy falls sharply in January to lowest level since 2014
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Layoffs are piling up, heightening worker anxiety. Here are some of the biggest recent job cuts

As layoffs pile up, workers are feeling increasingly anxious about the job market

Layoffs are piling up, heightening worker anxiety. Here are some of the biggest recent job cuts
Asia|Economy|Health|World

China's population falls again as births drop to lowest rate since 1949 communist revolution

China's population continues to shrink

China's population falls again as births drop to lowest rate since 1949 communist revolution
Business|Economy|Finance|Stock Markets|World

NZ's housing funk sows doubts on reliable investment strategy, drags on economy

A dramatic boom-bust cycle in New Zealand's housing market has left many Kiwis and investors scarred and an economy struggling to fire, turning what was once a

NZ's housing funk sows doubts on reliable investment strategy, drags on economy
Business|Economy|Finance|World

UK retail sales and consumer morale slide ahead of budget

British retail sales tumbled in October and a closely watched gauge of household sentiment fell this month, adding to signs of waning consumer spending

UK retail sales and consumer morale slide ahead of budget
Business|Economy|Finance|Stock Markets|US

Fed's Hammack warns more rate cuts court financial stability risks

Federal Reserve Bank of Cleveland President Beth Hammack warned Thursday that cutting rates further right now carries a wide range of risks for the economy.

Fed's Hammack warns more rate cuts court financial stability risks
Asia|Business|Economy|Europe|World

Swiss machine maker feels heat from auto sector slowdown, Trump's tariffs

Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has been at the firm for over three decades.

Swiss machine maker feels heat from auto sector slowdown, Trump's tariffs
Business|Economy|Europe

Cyberattack on car manufacturer hits UK growth in Q3 ahead of crucial budget

Economic growth in the U.K. slowed down to a near standstill in the third quarter of the year

Cyberattack on car manufacturer hits UK growth in Q3 ahead of crucial budget