Last week, by a vote of 364 to 194, France’s parliament threw out prime minister Francois Bayrou after he was unable to bring political factions together to solve the country’s €3.4-trillion debt crisis.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Thousands of U.S. oil and gas jobs have been cut this year, and more cuts are likely amid a downturn caused by price volatility, rising costs and tariff uncertainty.
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U.S. CONSUMER SENTIMENT SINKS TO FOUR-MONTH LOW
U.S. consumers’ view of the country’s economy slipped lower for a second consecutive month and bottomed at its lowest level in four months, according to the initial September survey of consumer sentiment by the University of Michigan.
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BLS BEGINS INTERNAL REVIEW UNDER WHITE HOUSE PRESSURE
The U.S. Labor Department has begun an internal investigation into the way its Bureau of Labor Statistics (BLS) collects data on inflation and job creation after Trump administration officials have raised questions about the authenticity of the BLS’s reports.
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BUSINESS HEALTH INSURANCE COSTS SKYROCKET
In 2026, businesses will see their costs for employee health insurance plans jump by an average of more than 9 percent, the biggest leap since 2010. A survey by business insurance firm Aon put the rise at 9.5 percent; a poll by WTW, also a business insurance provider, set the increase at about 9.2 percent.
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HOMEBUYERS GRAB LOWEST INTEREST RATE IN 11 MONTHS
During the week ending 5 September, homebuyers jumped into the market to take advantage of the lowest mortgage interest rates since October 2024.
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INVESTORS FLEE U.S. STOCK FUNDS
U.S. investors cashed out a net $10.44 billion from U.S. equity funds in the week ending 10 September.
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INFLATION ATE WORKERS’ WAGE GAINS IN 2024
All but the richest U.S. households saw their incomes remain virtually flat during 2024, the census bureau said in a report released last week.
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AS FORECAST: ‘INTERACTIVE U’ TAKES CENTER STAGE AS AI CHIEFS CURRY FAVOR WITH TRUMP
Last week, U.S. President Donald Trump met with some of the country’s top tech executives at the White House to discuss AI and the future or technology, and one of the central themes during the conversations was just how the next generation of Americans will be trained on these systems to keep the advancements coming.