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30.04.26 - 15:18
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US economic growth rebounds 2% as consumer spending slows amid Iran war (The Guardian)
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First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fearsUS gross domestic product (GDP) accelerated 2% in the first three months of 2026, though consumer spending is slowing as the war with Iran continues to impact energy prices.The last GDP reading for the fourth quarter of 2025 showed that US economic growth slowed to a 0.5% pace, largely due to a contraction in government spending after massive layoffs of federal workers last year. The federal government is down 355,000 workers, or 11.8% of the workforce, since October 2024, according to the Bureau of Labor Statistics. Continue reading......
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30.04.26 - 10:54
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Last Beefeater and Brewers Fayre restaurants to close, with loss of 3,800 jobs, Premier Inn owner says (The Guardian)
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Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic resetPremier Inn owner Whitbread is to cut about 3,800 jobs in the UK and Ireland and shut its remaining Beefeater and Brewers Fayre restaurants as it resets its five-year business strategy, amid tax rises and pressure from a US activist investor.The cuts will affect about 12% of Whitbread's 30,000-strong workforce in the UK and Ireland working in its Beefeater and Brewers Fayre restaurants, which are usually located next to, or inside, Premier Inn hotels. The company said consultations with affected employees would begin immediately. Continue reading......
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