World Bank sees Saudi economy contracting in 2023, MENA growth sharply lower
By Rachna Uppal DUBAI (Reuters) – The World Bank expects Saudi Arabia’s economy to contract by 0.9% in 2023, it said in a report on Thursday, revising its growth forecast for the…
Biden Admin ‘Beginning Contracting Process’ For Long-Term Ukraine Aid In $2.6 Billion Weapons Package
Biden Admin ‘Beginning Contracting Process’ For Long-Term Ukraine Aid In $2.6 Billion Weapons Package Micaela Burrow on April 4, 2023 The Biden administration announced $2.6 billion in security assistance for Ukraine, $2.1…
Taiwan exports seen contracting for fifth straight month in January: Reuters poll
TAIPEI (Reuters) – Taiwan’s exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID…
Russia to hold rates in Feb, economy seen contracting again in 2023- Reuters poll
By Alexander Marrow (Reuters) – The Bank of Russia will keep interest rates on hold at 7.5% next week as inflation remains above target, pushing the country’s economy to a second year…
Taiwan export orders seen contracting at faster pace in Dec: Reuters poll
TAIPEI (Reuters) – Taiwan’s export orders likely contracted again in December and at a faster clip than the previous month, a Reuters poll showed on Monday, as global demand for the island’s…
Taiwan’s export orders seen contracting at faster pace in Nov- Reuters poll
TAIPEI (Reuters) – Taiwan’s export orders likely contracted again in November, a Reuters poll showed on Monday, as global demand for the island’s technology-related goods cools and at a faster clip than…
Lebanon’s economy still contracting but at slower pace, World Bank says
BEIRUT (Reuters) – Lebanon’s economy, hit by one of the world’s most severe crises, continues to contract although the pace of that contraction has somewhat slowed, the World Bank said in a…
Owner Of Farm Labor Contracting Company Pleads Guilty In Racketeering Conspiracy Involving The Forced Labor Of Mexican Workers
WASHINGTON —Bladimir Moreno, 55, pleaded guilty in federal court in Tampa, Florida, to charges of conspiracy under the Racketeer Influenced and Corrupt Organizations (RICO) Act and conspiracy to commit forced labor. A…
Canada’s Ivey PMI shows activity contracting in July
TORONTO – Canadian economic activity contracted in July for the first time this year as employment growth slowed and prices cooled, Ivey Purchasing Managers Index (PMI) data showed on Friday. The seasonally…
Former Contracting Officer for the Department of Defense to Plead Guilty in Conspiracy to Defraud the Government
BOSTON – An Uxbridge man has agreed to plead guilty to his role in a conspiracy to defraud the government of thousands of dollars from 2014 to 2018. Thomas Bouchard, 59, of…
High prices, volatility driving more long-term contracting of U.S. LNG – Cheniere
HOUSTON – U.S. liquefied natural gas producer Cheniere Energy Inc. on Thursday said high prices and an “extremely volatile” global market are driving more long-term contracts of LNG volumes. The company, which…
Owners and Employees of Summit Contracting, Inc., Indicted on Fraud and Conspiracy Charges
United States Attorney Richard G. Frohling of the Eastern District of Wisconsin announced that on February 1, 2022, a federal grand jury returned a ten-count indictment against Chad M. Schampers (age: 38)…
Lawrence Man Sentenced for Defense Contracting Fraud
BOSTON – A Lawrence man was sentenced yesterday in connection with a scheme to defraud the U.S. Navy relating to glove liners purchased for use on nuclear submarines. Adrian Urena, 40, was…
General Contracting Company Sentenced for Causing Death of Employee who Fell Off Roof During Residential Roof Installation
NEWARK, N.J. – A general contracting company based in Newark was sentenced today to five years’ probation for violating Occupational Safety and Health Administration (OSHA) standards, leading to the death of an…
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