US: GDP contracted by 0.5% in the first quarter of 2025 – The decline was larger than expected
Lower than expected consumer spending and exports
Greece in the top 3 of the most powerful shipping nations with a fleet worth $183 billion
China and Japan in the top two positions - US follows as an emerging power, based on cruise
IKEA: Where it cuts its prices by 50% – Gives away free meals and opens 58 new stores
The Swedish company is investing in affordable luxury and bucking the trend as a number of Western companies such as Nike, Costco and Walmart have warned of price increases, passing on to consumers some of the higher cost of import duties in the U.S.
