The US economy is currently in a state of
flux. On the one hand, there are some positive
signs, such as low unemployment and strong job
growth. On the other hand, there are also some
worrying trends, such as rising inflation and
supply chain disruptions.
The unemployment rate is at a 50-year low
of 3.8%.
The economy added 187,000 jobs in August,
slightly below expectations but still a
healthy number.
Wage growth is picking up, with average
hourly earnings rising 5.3% year-over-year
in August.
Consumer spending remains strong,
accounting for 70% of economic activity.
The bad news
Inflation is rising at its fastest pace in
40 years.
The price of goods and services has
increased 5.3% in the past year, the
highest since 1981.
Supply chain disruptions are causing
shortages of goods and driving up prices.
The Federal Reserve is expected to raise
interest rates in an effort to combat
inflation.
The outlook
The outlook for the US economy is uncertain.
The positive signs suggest that the economy is
still growing, but the negative trends could
slow growth or even lead to a recession. The
Federal Reserve is walking a tightrope, trying
to raise interest rates enough to combat
inflation without causing a recession.
It is too early to say for sure what the
future holds for the US economy. However, it
is clear that the economy is facing some
challenges that will need to be addressed.
Here are some things that individuals and
businesses can do to prepare for the economic
uncertainty:
Save money. This will give you a cushion
in case of job loss or other unexpected
expenses.
Pay down debt. This will reduce your
monthly payments and free up more money
for other expenses.
Invest in yourself. This could mean taking
courses to improve your skills or starting
a side hustle.
Be flexible. Be prepared to change your
spending habits or job if necessary.
The economic outlook is uncertain, but there
are steps that individuals and businesses can
take to prepare for whatever the future holds.
Mon, 30 Jun 2025 06:31:00 GMT The US Federal Reserve has a dual mandate to keep both unemployment and inflation low. Even when political decisions are predictable, finding the right balance between the two can be tricky. What ...
Wed, 25 Jun 2025 09:03:00 GMT The Bank of England is sticking to its policy of removing monetary policy restrictiveness in a “careful and gradual” series of rate reductions, which has amounted to one quarter point cut every three ...
Fri, 20 Jun 2025 14:18:09 GMT The close split at the U.S. Federal Reserve over whether to keep hedging against inflation risks or move forward faster with rate cuts came through on Friday in the first public comments from ...
Fri, 20 Jun 2025 06:01:00 GMT In a Reuters interview, Richmond Fed President Tom Barkin took a more tempered view, arguing that with inflation still above the Fed's 2% target after a multi-year battle to contain it, key tariff ...
Press Conference: Ambassador Asim Iftikhar Ahmad, Permanent Representative of Pakistan to the UN, and President of the Security Council in July 2025 on the Programme of Work of the Security Council in July.
Published: 2nd Jul 2025 10:26:46 By: United Nations
United Nations Video: Secretary-General/Financing for Development & other topics - Daily Press Briefing | United Nations
Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.
---------------------------------
Highlights:
Secretary-General / Financing for Development
Deputy Secretary-General
Occupied Palestinian Territory
Syria
Humanitarian Syria
Sudan
Sudan Humanitarian
Democratic Republic of the Congo
Haiti
Briefing
---------------------------------
SECRETARY-GENERAL/ FINANCING FOR DEVELOPMENT
This morning, in Sevilla, Spain, the Secretary-General had a closed meeting with the Heads of the Multilateral Development Banks (MDBs). He then had a bilateral meeting with Juan Manuel Moreno Bonilla, President of the regional government of Andalusia and the First Vice-President of the European Committee of the Regions.
The Secretary-General left Sevilla in the afternoon. We expect to announce his next travel in the coming days.
DEPUTY SECRETARY-GENERAL
The Deputy Secretary-General, Amina Mohammed, was also present at the Fourth International Conference on Financing for Development (FFD4) in Sevilla, where she delivered remarks at the High-Level session of the International Business Forum. She called for a shift from international assistance to investments in sustainable development and underscored the private sector’s role in delivering impact at scale.
She also participated in a G20-Spain high-level special event on debt sustainability in developing countries alongside Prime Minister Pedro Sanchez, and she highlighted the need to break the cycle of debt and welcomed the growing attention from policymakers.
This evening, she will travel to Vienna to address the 68th session of the Committee on the Peaceful Uses of Outer Space, organized by the United Nations Office for Outer Space Affairs (UNOOSA).
During her time, there she will meet with Member States, senior government officials and the UN system. She will then return to Seville on Thursday for the closing of FFD4.
OCCUPIED PALESTINIAN TERRITORY
Turning to the situation in the Gaza Strip, the Israeli military operations have further intensified in northern Gaza since the issuance of the displacement order on Sunday by the Israeli authorities. In the time since that directive was announced, our partners on the ground say that at least 1,500 families have been displaced from North Gaza, as well as eastern parts of Gaza governorate, towards the central and western parts of Gaza governorate.
Over the past 48 hours, five school buildings sheltering displaced families in North Gaza were reportedly hit, with deaths and injuries reported. Initial assessments by partners indicate that many families who fled from the schools that were hit have returned to North Gaza, largely due to the lack of alternatives and limited shelter space elsewhere.
Healthcare also continues to come under attack. The World Health Organization says that in central Gaza yesterday, a tent sheltering displaced people in the courtyard of Al-Aqsa Hospital in Deir al Balah was reportedly hit, injuring five people. The agency added that the hospital’s internal medicine department also sustained some damage, and its oxygen supply line was affected.
Since October 2023, WHO has documented 734 attacks on healthcare in Gaza. WHO reiterated its call for the protection of civilians and healthcare facilities. OCHA reiterates that under international humanitarian law, civilians and civilian infrastructure must be protected, not targeted.
Regarding aid operations on the ground, OCHA tells us that movement restrictions remain a major challenge, preventing partners from predictably and sustainably providing critical services and assistance.
Full Highlights:
https://www.un.org/sg/en/content/ossg/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=01+July+2025
Published: 1st Jul 2025 05:31:08 By: United Nations
United Nations Video: Development financing conference draws business leaders who manage trillions of dollars | #FFD4
How do you generate more investment in sustainable development? Gather business leaders who help to manage trillions of dollars. Right now, they are engaged in discussions with officials from the United Nations and others concerned with achieving progress for people and the planet. UN expert Krishnan Sharma explains the business forum now underway at the International Conference on Financing for Development in Sevilla.
Published: 1st Jul 2025 03:55:33 By: United Nations
United Nations Video: Gaza: "Level of suffering and brutality is unbearable" - Briefing to the UN Security Council
Briefing by Khaled Khiari, Assistant Secretary-General for the Middle East, Asia and the Pacific, on the situation in the Middle East, including the Palestinian question.
Assistant Secretary-General Khaled Khiari today (30 Jun) told the Security Council that “the level of suffering and brutality in Gaza is unbearable,” and “the continued collective punishment of the Palestinian people is unjustifiable.”
Khiari expressed deep concern at “Israeli military operations in Gaza that render large areas of Gaza uninhabitable,” and rejected “the forced displacement of the Palestinian population from any part of the Occupied Palestinian Territory, which would constitute a breach of international law obligations.”
He mourned the United Nations personnel killed in Gaza and “strongly” condemned “the killing of all health and humanitarian personnel and journalists.”
Khiari also condemned “the loss of lives and injuries of Palestinians seeking aid in Gaza” and called for “an immediate and independent investigation into these events and for perpetrators to be held accountable.”
He stressed that the United Nations “will not participate in any aid delivery modality that does not comply with the fundamental humanitarian principles of humanity, impartiality, independence, and neutrality.”
Published: 1st Jul 2025 02:00:38 By: United Nations
United Nations Video: Launch of the Sevilla Platform for Action - UN Chief remarks | #FFD4 | United Nations
Remarks by António Guterres, Secretary-General of the United Nations, at the Launch of the Sevilla Platform for Action - 4th International Conference on Financing for Development FFD4 (Sevilla, Spain).
"Mr. President of the Government of Spain, dear Pedro Sánchez,
Excellencies, ladies and gentlemen,
Thank you for joining this launch of the Sevilla Platform for Action.
Respected President of the Government of Spain — I commend you and your government for your vision and leadership as hosts of the Fourth International Conference on Financing for Development.
We are all here to respond to a global development crisis that threatens people and planet alike.
Our roadmap to a better future — the Sustainable Development Goals — is in danger.
Two-thirds of the targets are not progressing fast enough — or at all.
Solutions depend on financing.
Developing countries need over $4 trillion a year to deliver on the 2030 Agenda.
But they are being battered by limited fiscal space, slowing growth, crushing debt burdens and growing systemic risks.
The Sevilla Commitment document represents a bold plan to get the engine of development revving again:
Through new domestic and global commitments that can channel public and private finance to the areas of greatest need…
By overhauling the world’s approach to debt to make borrowing work in service of sustainable development…
And by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.
But we need all hands on deck.
And that’s why the Sevilla Platform for Action is so critical — and so significant.
In the midst of a world of division, conflict and economic uncertainty, this Platform contains more than 130 specific initiatives that demonstrate what we can achieve by working together.
Governments, private sector partners, international institutions, and civil society groups all together are teaming up to launch high-impact initiatives to bring the Sevilla Commitment to life.
This includes a global hub for debt swaps at the World Bank as part of a broader facility aimed at relieving liquidity constraints and lowering the cost of borrowing.
A debt pause alliance to help countries in times of crisis.
A global coalition to scale-up pre-arranged finance that can be readily deployed when disasters strike.
A blended finance platform to bring public and private finance together in a new and expanded way.
A new tool for Multilateral Development Banks to manage currency risks.
And a commission to explore the future of development cooperation.
In December, I appointed a group of experts on debt who today are announcing 11 immediately actionable proposals to help resolve the debt crisis.
This includes the commitment to establish a borrowers forum for countries to learn from one another and coordinate their approaches in debt management and restructuring.
I look forward to working closely with Member States — including the G20 — to bring this forum to life, to empower borrower countries, and create a fairer system.
Excellencies, ladies and gentlemen,
The Sevilla Platform for Action offers an ambitious, action-oriented response to the global financing challenge.
It provides a springboard toward a more just, inclusive, and sustainable world for all countries.
And above all, it proves that progress and change are possible if we work together.
I hope the Platform inspires countries to work as one to tackle other challenges facing our world today.
Once again, I thank Prime Minister Sánchez and all of you for your leadership.
Thank you".
Published: 1st Jul 2025 01:01:12 By: United Nations
CNN Video: Fireworks warehouse explodes in California
Fire crews responded to a large explosion at a fireworks warehouse in California on July 1st. Several explosions could be seen from the building, which sparked additional spot fires. The sheriff's office said a one-mile evacuation order was put in place around the area where the fire was burning.
Former USAID administrator Samantha Power says the gutting of the agency, with deep funding cuts to life-saving programs will have "devastating" consequences, potentially causing millions of deaths globally.
Published: 2nd Jul 2025 03:12:23 By: CNN
CNN Video: Families mourn after dozens killed in Israel strike on Gaza cafe
Former USAID administrator Samantha Power says the gutting of the agency, with deep funding cuts to life-saving programs will have "devastating" consequences, potentially causing millions of deaths globally. #CNN #News
Published: 2nd Jul 2025 03:00:00 By: CNN
CNN Video: Thai PM suspended by constitutional court
Thailand’s prime minister has been suspended over a leaked phone call she had with a former Cambodian leader. The phone call sparked protests and calls for her resignation. #cnn #news #thailand
Published: 2nd Jul 2025 02:01:30 By: CNN
BBC News Video: Tesla shares down after Elon Musk row with Donald Trump | BBC News
US President Donald Trump has threatened to cut off billions of dollars in subsidies that Elon Musk's companies receive from the federal government.
Shares in Tesla were down nearly 5.5% on Tuesday after the latest escalation in the war of words between the president and the Tesla boss.
Musk, the world’s richest man, criticised Trump’s 'big, beautiful' bill, which would make permanent large tax cuts, and cut spending in a wide range of programmes, including food subsidies and healthcare for lower-income Americans.
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#US #BBCNews
Published: 2nd Jul 2025 10:30:06 By: BBC News
BBC News Video: US President Trump says Israel has agreed to conditions for 60-day Gaza ceasefire | BBC News
Israel has agreed to the "necessary conditions" to finalise a 60-day ceasefire in Gaza, US President Donald Trump has said.
In a post on Truth Social, Trump said that during the proposed ceasefire the US would "work with all parties to end the War".
Israel has not confirmed it has agreed to the conditions of a deal, and there was no immediate comment from Hamas.
Trump's announcement comes before a meeting with Israeli Prime Minister Benjamin Netanyahu scheduled for next week, in which the US president has said he would be "very firm".
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#Israel #Gaza #BBCNews
Published: 2nd Jul 2025 07:29:35 By: BBC News
BBC News Video: Has the UK Prime Minister lost authority after landmark welfare vote? | BBC Newscast
Today, UK members of parliament have narrowly voted in favour of the government’s welfare bill.
The controversial legislation passed after a series of last minute concessions by the UK government, led by Prime Minister Sir Keir Starmer, but 49 Labour MPs still rebelled.
Adam Fleming and Chris Mason discuss what changes were made to the bill, how the government failed to manage the rebellion and the political blow the UK Prime Minister has taken.
Plus, three former senior staff at the hospital where nurse Lucy Letby worked have been arrested on suspicion of gross negligence manslaughter. A seperate investigation was opened into the senior leadership team at the Countess of Chester hospital after Lucy Letby was convicted of murder and attempted murder in 2023.
Adam is joined by BBC Social Affairs Correspondent Michael Buchanan.
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#BBCNews #welfare #disability #legislation #politics #ukpolitics #keirstarmer #chester
Published: 2nd Jul 2025 06:28:24 By: BBC News
BBC News Video: Jury told to keep deliberating after partial verdict in Diddy trial. #DiddyTrial #BBCNews
The jury has reached partial verdicts during the second day of deliberations in Sean "Diddy" Combs's criminal trial.
The jury has reached a verdict on four of the five counts Diddy faces, but are unable to on the fifth - a racketeering conspiracy charge.
Judge Arun Subramanian has asked the jury to continue deliberating on the final charge.
If convicted on the racketeering charge, Combs faces up to life in jail.
Jane Hill presents BBC News at Ten reporting by John Sudworth.
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#BBCNews
Published: 1st Jul 2025 09:42:40 By: BBC News
ODN Video: Strike on Gaza Internet Cafe Sparks Outcry Over Civilian Targets
Devastating scene shows the aftermath of Israel’s latest strike on Gaza.
On Monday afternoon, a busy seafront café was hit by a missile, killing at least 30 people.
The Al-Baqa Cafeteria was one of the few spaces left with internet... and had become a hub for journalists, activists, and locals.
Footage on X, shows the moment a missile hit, with scenes of destruction and scattered bodies.
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Published: 1st Jul 2025 02:05:17 By: On Demand News
ODN Video: Serbian Police Disperse Protesters and Tear Down Barricades in Belgrade
Serbian police have begun removing street blockades in Belgrade after crowds used metal fences and garbage containers to barricade roads on Sunday evening.
Their anger was fuelled by the arrest of anti-government protesters who clashed with police at a massive rally over the weekend.
Footage shared online appears to show police cars driving at high speed through a blockade on one street in the capital, causing bystanders to flee in panic.
Demonstrations, mainly led by university students, have persisted for eight months.
They were initially sparked by the fatal collapse of a train station roof in Novi Sad last November, which killed 16 people.
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Published: 30th Jun 2025 03:49:29 By: On Demand News
ODN Video: Ambush in Idaho: Firefighters Shot Responding to Blaze
Two US firefighters have been killed, and a third badly injured, in what officials describe as a “total ambush” in Idaho.
The attack began on Sunday afternoon after emergency crews responded to a wildfire on Canfield Mountain near Coeur d'Alene.
Authorities say a man, acting alone, intentionally started the fire and then opened fire on first responders.
The gunman used sniper fire, shooting at both firefighters and police.
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Published: 30th Jun 2025 03:02:26 By: On Demand News
ODN Video: Serbian Protesters Clash With Police in HUGE Anti-Government Protest
This was what the streets of Serbia’s capital, Belgrade, looked like on Saturday, as protestors clashed with riot police as they dissented against the government.
Here's what we know so far:
On Saturday, around 140,000 protestors gathered as part of one of the largest of recent student-led demonstrations against the populist government.
The demonstrations centered around demanding an early election and an end to President Aleksander Vucic’s 12 year rule. His second term is currently due to end in 2027, when parliamentary elections have been scheduled.
Ahead of the protest, organizers issued an ultimatum for Vucic to announce elections, which he declined.
The key details:
Protestors clashed with police who fired tear gas and detained Several dozens of protestors. At least six officers were also reported injured.
This comes after 5 people were detained on Friday, who according to a statement from Serbia’s Higher Court, were accused of plotting to overthrow the government.
Here's the context:
The protests on Saturday come after almost 8 months of persistent dissent led by university students.
Demonstrations started last December, following the deaths of 16 people on the 1st of November, in the collapse of Novi Sad railway station’s roof - which protestors blamed on corruption and negligence in state infrastructure projects.
The backlash to the incident forced the former Prime Minister, Milos Vucevic, to resign earlier this year, but President Aleksander Vucic still remains in power.
The reaction:
As the protest ended, organizers played a statement to the crowd, urging Serbians to "take freedom into your own hands".
They claimed that “The authorities had all the mechanisms and all the time to meet the demands and prevent an escalation” but “Instead, they chose violence and repression against the citizens. Any radicalisation of the situation is their responsibility.”
President Vucic accused the protestors of wanting to topple Serbia, and he hit back at them today in a News conference, claiming that ”Serbia won. You cannot destroy Serbia with violence as some wanted. Serbia has not and Serbia will never stop.” He also praised the Serbian police force for their professionalism.
Report by Sophia Liversidge
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Published: 29th Jun 2025 04:31:34 By: On Demand News
ODN Video: Iran Holds State Funeral for Top Military Leaders Killed in War with Israel
Hundreds of thousands of mourners lined the streets of Tehran to pay their respects to slain military leaders.
A state funeral took place in Iran for about 60 people, including military commanders and nuclear scientists, killed during the 12 day-conflict with Israel.
Coffins draped in the Iranian flag, with portraits of the slain commanders passed by crowds in the square.
Crowds chanted ‘Death to America’ and ‘Death to Israel’ as the trucks with the caskets drove along the capital’s Azadi Street.
Report by Tony Farag
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Published: 28th Jun 2025 01:04:14 By: On Demand News
Fireworks in Ottawa as people across the country celebrate Canada Day.
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Published: 2nd Jul 2025 03:04:41 By: CBC News
CBC Video: Celebrating our Canada, loud and proud | Canada Day 2025 concert
Celebrate Canada Day with a special live concert in Ottawa, featuring performances by Sarah McLachlan, Cœur de pirate, Aasiva, Josh Ross, Tom Cochrane, Mitsou, Amanda Marshall, Roch Voisine, Randy Bachman and more. Hosted by Isabelle Racicot, the Canada Day evening show features live musical performances from Ottawa, along with Vancouver, Yellowknife and Summerside, P.E.I.
Ahead of the show, join Adrienne Arsenault and Elamin Abdelmahmoud for interviews with performers and highlights on how Canadians are standing up for Canada.
#CanadaDay #Concert #Live
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For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
Published: 2nd Jul 2025 02:23:24 By: CBC News
CBC Video: ‘I just had to not talk for 3 or 4 months’: Sarah McLachlan talks about her recovery
‘I think it makes me recognize the fragility of it and how much I relied on it for my sense of self-worth and purpose in this world,’ the Canadian singer-songwriter said. McLachlan was forced to cancel some Canadian shows late last year and go on vocal rest due to acute laryngitis. She is performing on Tuesday for Ottawa’s Canada Day concert.
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For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
Published: 2nd Jul 2025 01:21:19 By: CBC News
CBC Video: Canada Day 2025: Celebrate from coast-to-coast | CBC News Special
Mark Canada’s 158th birthday with live coverage hosted by Heather Hiscox in Charlottetown, before joining Adrienne Arsenault in Ottawa’s LeBreton Flats Park.
Canadians came together in a united front against Donald Trump’s tariffs, but where do we go next? Join Saroja Coelho at 2 p.m. ET as she hosts a live call-in show on what it means to be Canadian in 2025. Then at 4 p.m. ET, David Common and Aarti Pole host live coverage as they connect with Canadians from coast-to-coast.
#CanadaDay #Live
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Published: 1st Jul 2025 11:40:28 By: CBC News
CBC Video: Ryan Reynolds invested into the Order of Canada
The Vancouver-born actor was among other Canadians who also received the country's highest civilian honour on Canada Day in Ottawa.
CORRECTION: This video previously said Reynolds was appointed to the Order of Canada. In fact, he was already appointed and was invested today.
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Published: 1st Jul 2025 08:36:21 By: CBC News
International Video: US Senate narrowly passes Trump’s ‘big, beautiful, budget bill’
Across the Atlantic, a divided Senate has approved Donald Trump's flagship domestic policy bill by the narrowest of margins - which came down to a tie breaking vote cast by Vice President JD Vance.
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After 24 hours of heated debate - three Republicans crossed the floor to join Democrats opposing the bill - including sweeping cuts to taxes and welfare programmes. It now needs to be approved by the House of Representatives, where it could face more opposition.
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At least 24 people were killed in Gaza yesterday when an Israeli airstrike hit a beachside cafe in Gaza City. Witnesses described horrific scenes as the missile hit - saying the popular cafe had been full of families at the time.
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The IDF says it is now "reviewing" the strike, claiming it had been targeting "several Hamas terrorists". We tell the stories of some of those killed.
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Russia claims to have taken control of more territory in eastern Ukraine as it continues with a large offensive. [Subscribe: https://bit.ly/C4_News_Subscribe]
It says Luhansk is now under complete control for the first time since its invasion in 2022, with around 70 per cent of the Donetsk, Kherson and Zaporizhzhya areas also in the grasp of Russian forces.
Ukrainian President Volodymyr Zelenskyy says in this latest offensive, Russia has fired over 1,000 drones.
0:00 - Main story
5:20 - Alina Frolova
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The French capital Paris has been put on red alert as temperatures soar above 40 Celsius. More than a thousand schools will be closed along with landmarks like the Eiffel Tower.
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Two people have died during extreme heat in Italy, which has triggered landslides and violent storms - while Barcelona has recorded its hottest June since records began more than a century ago.
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Bob Vylan’s Glastonbury performance has dominated headlines and sparked a huge debate. The punk duo chanted “death to the IDF” to a live crowd of thousands, and millions more watched at home, as their set aired live on the BBC.
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The backlash was swift - some called it a bold act of protest, while others condemned it as deeply offensive and antisemitic. On-screen warnings issued by the BBC about discriminatory language were deemed “not good enough”, and both the festival and the BBC have since condemned the performance, issuing public apologies.
In this episode of The Fourcast, Matt Frei is joined by journalist and founder of the Free Speech Union Lord Toby Young, and political activist Ash Sarkar - who was at the performance - to unpack the controversy. They discuss the reaction to Bob Vylan’s set, the BBC’s decision to broadcast it, and what this means for free speech and creative freedom in today’s media landscape.
This episode of The Fourcast contains language that some may find offensive.
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