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COMMERCE DEPARTMENT BUREAU OF ECONOMIC ANALYSIS
US current account deficit widens 15.7% to $246 billion in Q2 on import surgeIn the second quarter, the US current account deficit increased by $33.4 billion, reaching $246.0 billion. The rise in imports of goods was...- Karnataka to woo Singapore majors; Sats plans expansionKarnataka's industries minister MB Patil is engaging with several companies in Singapore for investment opportunities. The discussions incl...
- US weekly jobless claims decrease as labour market regains footingRecent data reveals that initial claims for unemployment benefits in the US have dipped, signaling a stronger labour market. However, busin...
- China, US reach consensus on multiple economic and trade issues: Chinese Commerce MinistryChina and the US reached consensus on multiple economic and trade issues during their eighth round of consultations in New York, including ...
- US Social Security bill: Lawmaker wants full retirement benefits at 60 for workers in physically demanding rolesRepresentative Haley Stevens introduced a bill to allow workers in physically demanding jobs to retire at 60. Currently, the full retiremen...
- US Department of State launches online portal to report suspected visa fraud and misuseThe US Department of State has introduced an online portal for reporting suspected visa fraud and misuse. This initiative aims to enhance t...
- Hacked FBI data has sensitive information about employees' intelligence rolesIn a statement, the FBI said it was aware of "a cyber-criminal enterprise group claiming a compromise of the FBIJobs.gov portal and alleged...
- Treasury Secretary Bessent may become 'AI czar'Scott Bessent is being considered to take on the role of AI czar amid growing concerns. President Donald Trump has indicated plans to appoi...
- Not source of EU's problems, but a partner: Beijing"China is not the source of the EU's economic and trade problems, but a partner in solving them," Commerce Minister Wang Wentao said in a s...
- Piyush Goyal plans 1,000-strong regional language network to handhold exportersIndia will train one thousand local personnel in regional languages to support exporters. Integrated commerce and industry offices are plan...
- ET Business Growth Summit Chennai: Innovation and R&D key to unlocking MSME potentialThe ET Business Growth Summit in Chennai saw industry leaders emphasising stronger collaboration among businesses, policymakers, and instit...
- US firms laying off Americans and hiring H-1B workers to face closer scrutiny: What Trump's new order meansUS President Donald Trump has directed federal agencies to consider employers' past and planned layoffs when reviewing H-1B visa petitions ...
- Nestle India faces FSSAI action over '5 HMOs', 'easy-to-digest' whey claims in baby foodFSSAI has filed three adjudication cases against Nestlé India concerning infant nutrition products. These cases involve alleged non-complia...
- Piyush Goyal to chair DPIIT workshop on FTAs, ease of doing business on September 22DPIIT to hold workshop on September 22 to discuss ease of doing business, free trade agreements (FTAs) and trade reforms, with industry bod...
- India Post gift offer goes viral on social media, but what is the ‘Dak Seva Gifts’ scheme? PIB respondsA viral image claiming that India Post is distributing gifts under a “Dak Seva Gifts” scheme has been debunked by the PIB Fact Check Unit. ...
- New York homes cost $832,000, so Gen Z is flocking to a city 90 miles away where they can buy nearly 3 houses for the price of oneNew York City is witnessing a mass exodus of young residents, primarily driven by soaring living costs. Many Gen-Zs are flocking to Philade...
- Nestle India shares slip nearly 3% after FSSAI initiates legal action over infant nutrition productsNestle India shares fell on Friday after FSSAI initiated three adjudication cases over alleged violations involving infant nutrition produc...
- In 2008, Virginia began paying fishermen to pull ‘ghost traps’ from Chesapeake Bay; six years of cleanup helped unlock an estimated $21 million in extra crab catchesVirginia's six-year program removed thousands of lost crab pots from Chesapeake Bay. This cleanup effort generated an estimated $21.3 milli...
- India ramps up preparedness for European Union's carbon tax; verifiers begin EU registry accessIndia is taking proactive steps by establishing a committee dedicated to assisting exporters in fulfilling the EU carbon tax requirements. ...
- US wholesale inventories surge in JulyIn July, the United States experienced a notable spike in wholesale inventories, paving the way for anticipated economic growth in the thir...
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