The UK unemployment rate fell from 5.2% to 4.9%, driven more by increased economic inactivity, particularly as fewer students sought work.
Markets could remain sensitive to the developments in the Middle East. Tensions remain elevated in the region amid continued incidents in the Strait of Hormuz and a failed attempt for a second round of talks this week, undermining prospects for a near-term resolution.
Weak performance in several service sectors offset gains in retail and wholesale trade, reinforcing concerns about the pace of economic recovery. Japan relies heavily on oil imports from the Middle East, making it particularly sensitive to disruptions in the region.
For most of the 40 minute long press conference, Taoiseach Micheál Martin watched on as US President Donald Trump fielded questions from the international press, mostly focused on Iran and Nato. But Irish interests did get an airing too, from a potential trip to Doonbeg for the Irish Open to President Catherine Connolly's comments on the Iran war.
U.S. financial markets ended the week on a cautious note as investors weighed strong employment data against growing concerns about the impact of artificial intelligence on traditional business models. Major stock indexes declined, led by technology-heavy shares, reflecting worries that rapid AI developments may disrupt established industries and earnings outlooks. The Nasdaq Composite recorded the steepest losses, while the S&P 500 and Dow Jones Industrial Average also finished lower. Value-oriented stocks continued to outperform growth stocks, extending a trend that has persisted for several weeks.
For years, Anthropic has distinguished itself from peers by embracing a safety-first stance. Its flagship model, Claude, was designed with guardrails that explicitly prohibit use in fully autonomous lethal weapons or domestic surveillance. Those restrictions have been central to the company's identity and its appeal to customers wary of unfettered AI.
Dedicated to culturally resonant, premium video and audio podcasts across platforms. It is founded by three women of color who came together after being laid off in an environment Eaton describes as 'a nationwide pushback on DEI efforts, continued media consolidation, and the looming disruption of AI.' The new effort promises to operate 'at the intersection of creativity, technology, purpose, and intelligence.'
Markets were closed on Monday for Martin Luther King Jr. Day, compressing the week's activity into four sessions. Early in the week, stocks fell sharply after renewed concerns about a potential global trade conflict. Investor sentiment weakened following comments from President Donald Trump about imposing tariffs on certain European nations in connection with negotiations over Greenland. However, midweek optimism returned when the president signalled a softer stance and postponed the planned tariffs.
The tensions between the United States and Iran have pushed oil prices higher, raising fears of energy-driven inflation, which helped support both the dollar and Treasury yields. The 10-year yield has climbed to its highest level in roughly two weeks.
A month after US forces captured former Venezuelan President Nicolás Maduro, some signs of change have emerged. Acting President Delcy Rodríguez has proposed a sweeping amnesty law that could free hundreds of political prisoners, but families and human rights groups remain wary. Also, the son of former Libyan leader Moammar Gadhafi, Seif al-Islam Gadhafi, has been killed.
The US Supreme Court has struck down much of the Trump administration's tariffs on foreign goods, which have been a cornerstone of its trade and foreign policies. Also, Iran prepares for a possible US military strike. And, the International Energy Agency has removed climate change from its list of priorities for the next two years, following threats from the US
