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Economic News

'Nobody’s going to believe him': Trump’s Greenland 'deal' sparks relief — and confusion

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22 January 2026
Trump said he had the "concept of a deal" on Greenland, but didn't share details of the agreement — or who agreed to it.
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US Unemployment Claims Increase Marginally

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22 January 2026
The number of Americans filing new applications for unemployment benefits increased less than expected ⁠last week, suggesting the labor market maintained a steady pace of job growth in January.
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US Energy Secretary Urges Doubling Global Oil Output

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22 January 2026
The world needs to more than double oil production, U.S. Energy Secretary Chris Wright said Thursday, while criticizing the European Union and the U.S. state of California for wasting money on what he described as inefficient green energy.
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New Global Trade Map Takes Shape in Davos

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22 January 2026
President Donald Trump's use of tariffs as a foreign policy tool added fresh impetus in Davos this week to efforts to boost global trade beyond the ⁠U.S., with frustration palpable among many of Washington's top trading partners.
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