US economy

Pearson to axe 3,000 jobs after slump at main US business

Cost-cutting move aims to save educational publisher about 300m a year with 10% cut in global staff after biggest loss in history in 2016 Pearson is to cut 3,000 jobs as the embattled company looks to slash costs after a slump at its US higher education business. The worlds largest […]

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US launches probe into aluminium imports, citing security concerns

Trumps commerce chief Wilbur Ross invokes cold war law aimed at protecting high-grade smelting for defence industry The Trump administration has launched an investigation into whether a flood of aluminium imports from China and elsewhere is compromising US national security, a step that could lead to broad import restrictions on […]

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Is business starting to get spooked about Donald Trump? | Larry Elliott

After his U-turns at home and Dr Strangelove-style antics abroad, markets and investors are supposing that the president is making it up as he goes along China is not gaining an unfair trade advantage through the manipulation of its currency. The kindest interpretation of this latest flip-flop is that Trump […]

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