Knicks end 53-year wait for NBA title
The New York Knicks defeated the San Antonio Spurs 94-90 to close out the series 4-1 and claim their first NBA championship since 1973, sparking celeb...
While the White House touts strong job gains as the “Trump effect,” economists caution that aggressive immigration enforcement may undermine labour supply and long-term economic growth.
President Donald Trump’s $150 billion “Big, Beautiful Bill” to enhance border enforcement and deportations is drawing fresh concern from economists who warn it may weaken the labour market by shrinking the supply of foreign-born workers.
The foreign-born workforce declined for a third consecutive month in June, despite employers adding 147,000 jobs overall. Economists say this trend could mark the early economic impact of Trump’s immigration crackdown — a core element of his second-term agenda.
While White House officials argue that the megabill will bring more native-born Americans into the labour force, many economists disagree. Federal Reserve Chair Jerome Powell recently warned that slowing labour force growth, including due to declining immigration, could hamper the U.S. economy’s expansion.
Glassdoor’s lead economist Daniel Zhao noted that a slowdown in hiring could signal slower economic growth ahead. The Congressional Budget Office and private institutions such as Deutsche Bank and the American Enterprise Institute have similarly warned that reduced immigration could lower GDP and strain industries dependent on foreign-born workers.
Trump administration officials, including Council of Economic Advisers chair Stephen Miran, argue that the U.S. has an underutilised domestic workforce — particularly among young and part-time workers — and that tax incentives and stricter benefit requirements will encourage them to take available jobs.
Miran rejected claims that the U.S. lacks a domestic labour substitute for immigrants, stating that the right incentives can mobilise native-born workers. However, he acknowledged that policy uncertainty might result in weaker employment numbers in the short term.
Meanwhile, law enforcement encounters with migrants at the U.S. southern border have fallen sharply, signalling a broader decline in undocumented immigration — a factor previously linked to increased labour availability.
Despite political support for tighter immigration, Trump has also admitted concern about how the policies might impact sectors such as agriculture and hospitality, which rely heavily on migrant workers.
As the U.S. faces an ageing population and declining population growth, economists continue to emphasise the importance of immigration in sustaining long-term workforce expansion.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
The New York Knicks defeated the San Antonio Spurs 94-90 to close out the series 4-1 and claim their first NBA championship since 1973, sparking celebrations across New York City.
In the runup to the G7 summit, hosted by France in Évian-les-Bains on Monday, 15 June, China has addressed global economic balances in a videoconference hosted by French President Emmanuel Macron. It is a rarity for Beijing to engage directly with the group.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Romania's centrist President Nicușor Dan on Sunday designated Adrian Veștea, a member of the liberal party, as prime minister, after independent candidate Eugen Tomac withdrew.
North Korea said on Sunday, 14 June, that denuclearisation is a matter that is irreversibly terminated, in a condemnation of recent nuclear deterrence talks between the U.S. and South Korea.
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