Hospitality Sector Accounts for Half of UK Job Losses, Employers Report
London, The UK hospitality sector has suffered more than half of all job losses since the government’s last budget announcement in October 2024, according to analysis by UKHospitality, the leading trade body representing restaurants, bars, pubs, and hotels. The group, citing data from the Office for National Statistics (ONS), reported that around 89,000 jobs have been cut in the sector,…
Indian Factories Struggle with Worker Payments Amid 50% U.S. Tariffs
India’s major export sectors are reeling after the United States imposed steep tariffs, with rates up to 50%, on a wide range of Indian exports, including garments, gems, jewellery, and seafood. Announced last month and effective from this week, these tariffs are disrupting supply chains, threatening millions of jobs, and putting the country’s trade relationship with its largest partner under…
Korean Air Orders 103 Boeing Jets Amid U.S. Trade Tensions
Seoul/Washington, June 24, 2024 — US aerospace giant Boeing and South Korea’s flag carrier Korean Air announced a landmark agreement Monday for the purchase of 103 new aircraft valued at approximately $36 billion (£24 billion). The deal, which includes a mix of Boeing 787, 777, and 737 passenger jets, comes amid intensified trade discussions between the United States and South…
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New York City
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