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Trump Says Economy Has ‘Public Relations’ Problem Amid High Prices and Slow Hiring
Oct 3, 2026

Trump Says Economy Has ‘Public Relations’ Problem Amid High Prices and Slow Hiring

The president, who had hoped to tout a growing economy on the campaign trail, has found it hard to break through as workers’ wages fail to keep up.


Suppliers pile pressure on government over energy bills
Oct 3, 2026

Suppliers pile pressure on government over energy bills

Immediate action is needed to help households struggling with bills this winter, says trade body Energy UK.


America Wants to Make More Generic Drugs. India Shows Why That’s Hard.
Oct 3, 2026

America Wants to Make More Generic Drugs. India Shows Why That’s Hard.

Cheap labor and global supply chains are among the obstacles to President Trump’s plan to bring generic drug manufacturing back home.


New baby bank 'open to everybody'
Oct 3, 2026

New baby bank 'open to everybody'

The facility offers essential items for free, including clothes for babies and small children.


Rising energy costs add to cost of living for Northern Ireland's consumers
Oct 3, 2026

Rising energy costs add to cost of living for Northern Ireland's consumers

Households across Northern Ireland face increasing pressure on the cost of living as energy price hikes have come into effect.


G7 to release millions of barrels of oil and diesel after Trump threat
Oct 3, 2026

G7 to release millions of barrels of oil and diesel after Trump threat

The co-ordinated release is aimed at heading off further price spikes and avoiding a ban on US diesel exports.


White House Filing Claims President Has Authority to Bar News Outlets
Oct 3, 2026

White House Filing Claims President Has Authority to Bar News Outlets

The Trump administration again defended the decision to bar CNN, MS NOW and Politico from the White House and to exclude journalists from the pool that covers the president in small spaces.


Oct 3, 2026

US jobs data comes in lower than expected

Employment in the United States grew by 29,000 jobs in September, missing analysts' expectations significantly, with the unemployment rate rising slightly to 4.2 percent, government data showed on Friday. Adding to the weak data, the Bureau of Labor Statistics (BLS) also revised down job figures for July and August by a combined 60,000 jobs, the department said in a statement. The revision to July's data showed that the world's largest economy lost jobs that month, as opposed to posting a gain of 21,000 as previously reported. The data comes ahead of key midterm elections in November where US President Donald Trump's Republican Party is facing a stern test over his handling of the economy. Analysts polled by Dow Jones Newswires and the Wall Street Journal had expected the US economy to add 84,000 jobs in September. Employment in most major sectors was largely unchanged, the BLS reported, with health care posting notable gains of 17,000. The sector has propped up the labour market in the United States in the last year, as an ageing population requires more care in hospitals and at home. Still, September's gains in the sector were slower than its average monthly gain of 33,000 over the last year. The financial sector continued its downward slide, losing 7,000 jobs in September and bringing its overall slump from a recent peak in May 2025 to 129,000. Most of the losses in that sector have been among insurance companies. Average hourly earnings for all employees were up 3.0 percent, the BLS said, with wages continuing to lag behind stubbornly high inflation -- meaning most workers are seeing real wage losses. Democratic Senator Elizabeth Warren seized on the data to criticize Trump's performance since taking office last year. "Paychecks are growing at their slowest rate in nearly seven years, outside of the Covid-19 pandemic," she said in a statement. "Since the start of Trump's war, real wages have fallen 0.7 percent as his failed agenda keeps pushing prices up," she said, referring to the US war against Iran launched in late February. The conflict has plunged the Middle East into violence and sent global energy prices skyrocketing, as Tehran's retaliatory action has targeted Washington's regional allies and choked a key trading route. The data comes after the US Federal Reserve -- which has a dual mandate to maintain inflation at a long-term two-percent target while ensuring maximum employment -- raised interest rates last month to address high prices. (AFP) Edited by Robert Kemp


Federal Watchdog Investigates Adam Kinzinger for Kalshi Bets on His Pardon
Oct 3, 2026

Federal Watchdog Investigates Adam Kinzinger for Kalshi Bets on His Pardon

The inquiry by the Commodity Futures Trading Commission centers on bets the former congressman made on Kalshi in the weeks before he was pardoned in January 2025.


US Sanctions A7, a Russia Firm That Helps Sidestep Economic Restrictions
Oct 3, 2026

US Sanctions A7, a Russia Firm That Helps Sidestep Economic Restrictions

The move followed reports detailing how A7, a Moscow firm, uses shell companies around the world to move funds for clients who are themselves subject to sanctions.



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.