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The World in Brief from The Economist

America’s cooling jobs market; Trump’s sentencing delayed, and more

The World in Brief from The Economist

The Economist

Daily News, Global News, News, News & Politics

4.11.2K Ratings

🗓️ 7 September 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Toyota became the latest carmaker to scale back its electric-vehicle plans as it battles slowing consumer demand and stiff competition from Chinese rivals

Transcript

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0:00.0

The Economist.

0:04.3

Hello, you're listening to the free edition of the world in brief from The

0:09.9

Economist. As a reminder, if you subscribe to the economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:20.0

If you're already an economist subscriber, visit Economist.com slash Espresso,

0:25.5

or visit our Espresso app to start listening.

0:28.6

Here's today's free edition. This is the world in brief from The Economist.

0:40.0

Our top stories a judge in New York postponed Donald Trump's hush money

0:48.1

sentencing until after America's presidential election in November.

0:53.0

Mr. Trump was convicted of 34 felony counts of falsifying business records in May

0:59.5

and was meant to be sentenced in July.

1:02.0

That date was rescheduled to September 18th

1:05.6

following the Supreme Court's presidential immunity ruling

1:09.0

and appeals from his lawyers.

1:11.7

Mr. Trump, who is expected to appeal against his criminal. his The American economy added 142,000 jobs in August, fewer than analysts expected.

1:28.0

The unemployment rate dropped to 4.2% from 4.3% the previous month.

1:34.0

These figures suggest that companies may be cutting job vacancies

1:38.0

rather than firing workers.

1:40.0

As the labour market calls, the figures will add pressure to the Federal Reserve, the Central Bank, to cut interest rates at its next meeting in September.

1:52.0

Toyota became the latest carmaker to scale back its electric vehicle plans

1:56.7

as it battles slowing consumer demand and stiff competition from Chinese rivals.

2:01.8

The Japanese company cut its production target for 2030 by one-third.

2:08.0

Earlier this week, Volvo, a Swedish brand, dropped ambitions to sell only EVs by 2030.

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