US growth turns negative as Fed prepares for series of interest rate increases
US President Joe Biden in the Roosevelt Room at the White House yesterday. Photo: Andrew Harnik/AP
Lucia Mutikani
The United States economy unexpectedly contracted in the first quarter amid a resurgence in Covid-19 cases and drop in pandemic relief money from the government.
Latest World Business
Chinese minister tells Elon Musk Beijing and Washington need mutual respect
UK supermarket Asda to buy petrol stations operator EG Group
Markets lift on confidence US deal will avert crisis
Irish MEP Frances Fitzgerald calls for greater access by British banks to EU markets
Swedish landlord may put itself up for sale
US seals a debt deal with just days to go and averts the risk of ruinous default
UK to ask supermarkets to cap prices of basic food items - Telegraph report
Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous default
Kevin McCarthy reports ‘progress’ in efforts to strike US debt deal
Wholesale gas prices now below pre-Ukraine invasion levels
Top Stories
‘We won by one vote’ — the LGBTQ+ pioneers who led the fight to decriminalise homosexuality in Ireland 30 years ago
The Indo Daily: A convicted fraudster, 40 cousins and a will worth millions
Tax older workers more so younger people don’t pay for pension timebomb – watchdog
Simon Harris accused of ‘taking shortcuts’ in last-ditch bid to pass facial tech laws for gardaí
Latest NewsMore
-
How virtual reality is being harnessed in the fight against chronic pain and anxiety
Canary Wharf landlord’s downgrade shows office market strain
Top 50 Irish albums of all time, numbers 30-21: featuring Róisín Murphy, Fight Like Apes and Ash
The Gallows Pole: Shane Meadows was never going to give us cosy period drama – instead he delivers a fascinating true story with a twist
Dependable Mike Haley relishing in finally ending Munster’s trophy drought
-
‘We won by one vote’ — the LGBTQ+ pioneers who led the fight to decriminalise homosexuality in Ireland 30 years ago
-
20 sizzling summer dresses to suit all body shapes and budgets
-
Aoife Barry: It’s scary some Irish women still have to travel abroad to get an abortion
Amid welcome employment news, a chance to avoid mistakes of past
Refugee crisis throws up challenges, but lateral thinking and unity can tackle them
