Hospitals in England cutting staff and services as part of NHS financial overhaul
Hospitals in the UK are gearing up to make significant cuts to staff and services in response to demands for savings from NHS leadership. One rehabilitation center is facing potential closure. Sir Jim McKee, the newly appointed CEO of NHS England, has mandated unprecedented savings as a way to prevent a looming £6.6 billion deficit […]
US Banks Allowed to Provide Crypto Custody and Execution Services, OCC Confirms
The U.S. Secretary of the Currency Office has announced that both the National Bank and the Federal Savings Association can engage in buying and selling cryptocurrency on behalf of clients. This update, shared on Wednesday, builds on prior guidance and eliminates some earlier supervisory obstacles. It highlights a broader acceptance of cryptocurrency activities within the […]
DOJ suggests separating Google’s advertising technology services
The Department of Justice (DOJ) is pushing for Google to divest itself of two advertising products after a judge concluded that the company unlawfully acquired and maintained control over its ad tech division. A late-night filing on Monday urged a federal court in Virginia to require the sale of Google’s ADX Exchange business, and suggested […]
UK services sector contracts for the first time in 17 months due to concerns over Trump’s tariffs | Economics
The UK’s services sector, which had been expanding for 17 months, saw an unexpected downturn in April. This decline was largely due to the uncertainty stemming from Donald Trump’s tariff policies, which affected new orders and exports. A recent survey of purchasing managers indicated that the tariff situation has cooled activity in a sector that […]
U.S. Services Industry Picks Up Speed in April with New Orders and Job Growth
In April, the U.S. services sector showed notable growth, indicating an upturn in this vital component of the economy, as reported by the Institute for Supply Management. The Service PMI increased to 51.6% from 50.8% in March, surpassing predictions for a slight decline. This uptick signals a recovery from the previous month’s weakness, hinting that […]
US Dollar Index stays below 100.00 before ISM Services PMI – FXStreet
The US dollar index is holding steady as speculation around the US trade situation grows. Trump has indicated that trade talks with China are still in progress, though there are no direct discussions planned for this week. Trump also stated he won’t try to replace Federal Reserve Chairman Jerome Powell before his term is up […]
Australian Dollar strengthens as inflation measure increases in April, attention on US ISM Services PMI – FXStreet
The Australian dollar has gained strength following Prime Minister Anthony Albanese’s victory in securing a second three-year term during the 2025 federal elections. Australia’s Judo Bank Combined PMI reported a figure of 51.0 in April, indicating its seventh month of expansion. President Trump has confirmed he will not replace Federal Reserve Chairman Powell before his […]
EUR/USD dips close to 1.1300 as traders wait for US ISM Services PMI – FXStreet
The EUR/USD dropped on Monday amid concerns over potential trade tensions. President Donald Trump revealed plans for 100% tariffs on diplomatic production films, raising alarms about protectionist measures. The eurozone’s harmonized consumer price index held steady at 2.2% year-on-year in April, slightly exceeding the anticipated 2.1%. The EUR/USD hovered around 1.1320 during Monday’s Asian session. […]
NY Attorney General Letitia James intends to take legal action against Trump’s Health and Human Services over reductions in healthcare funding.
New York Attorney General Letitia James announced on Saturday that she intends to collaborate with other Democratic attorneys general nationwide to appeal to the Trump administration’s Department of Health and Human Services regarding potential cuts to health funding. James emphasized at the National Action Network Rally in Harlem that the threats from the White House […]
Leading Republican on Senate Armed Services criticizes Trump’s OMB defense budget
The leading Republicans on the Senate Armed Services Committee recently shared their thoughts on President Trump’s Office of Management and Budget (OMB) after the White House unveiled its government funding proposal for fiscal year 2026. Senator Roger Wicker expressed his concerns, stating, “President Trump has done well with his peace through strength approach, but it […]