DUBLIN (Reuters) – Ireland’s central bank pushed up its 2023 inflation projections and revised down its forecast for economic growth for the third quarter in row, but expects the drag …
Economic
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US and World News
Peru proposes ‘new approach’ to mining to combat economic disparities, conflicts
by Reutersby ReutersLIMA (Reuters) – Peru’s government proposed on Friday “a new approach” for mining companies to end social gaps and avoid conflicts in the sector, a measure taken after several conflicts …
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US and World News
U.S. adds Moscow Aviation Institute, airplane repair plants to economic blacklist
by Reutersby ReutersWASHINGTON (Reuters) – The U.S. Commerce Department on Friday added more than 50 Russian entities to an economic blacklist, including the Moscow Aviation Institute and a number of aviation repair …
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US and World News
U.S. economic growth revised up; gap between GDP and GDI narrows sharply
by Reutersby ReutersBy Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy’s recovery from the COVID-19 pandemic was much stronger than initially thought amid massive fiscal stimulus, according to revisions on Thursday, which …
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US and World News
Euro zone economic sentiment falls sharply as inflation expectations rise
by Reutersby ReutersBRUSSELS (Reuters) – Euro zone economic sentiment fell sharply and by more than expected in September, data showed on Thursday, as confidence dropped among companies and consumers, who are also …
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US and World News
German economic institutes see 2023 contraction as gas crisis hits
by Reutersby ReutersBERLIN (Reuters) – Four leading German economic institutes have almost halved their spring economic growth forecast for Europe’s largest economy this year and slashed their 2023 projection to -0.4% from …
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US and World News
UK’s Truss presses on with ‘controversial’ economic plan, says it’s the right course
by Reutersby ReutersLONDON (Reuters) -British Prime Minister Liz Truss defended her economic plan that has roiled financial markets, saying on Thursday she was willing to take “controversial” steps to reignite growth and …
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US and World News
Argentina’s economic crisis draws protests even as poverty rate eases
by Reutersby ReutersBUENOS AIRES (Reuters) – Argentina’s deep economic slump drew thousands to the streets on Wednesday, as protesters demanded action to counter sky-high inflation and help the country’s poor, even as …
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US and World News
Russian unemployment rate hits record low, economic data paints mixed picture
by Reutersby ReutersMOSCOW (Reuters) – Russia’s unemployment rate fell to a record low of 3.8% in August, but average nominal wages earned by Russians fell in month-on-month terms and weekly inflation returned, …
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US and World News
White House’s Deese, asked about UK economic plans, stresses ‘fiscal prudence’
by Reutersby ReutersBy Andrea Shalal WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Tuesday he was not surprised by the negative reaction of financial markets to Britain’s fiscal plans and …
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US and World News
Factbox-Companies cut jobs, freeze hiring to prepare for economic slowdown
by Reutersby Reuters(Reuters) – Technology companies, crypto exchanges and financial firms are cutting jobs and slowing hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy …
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US and World News
IMF urges caution as oil-rich Guyana’s economic growth nears 60%
by Reutersby Reuters(Reuters) – Guyana’s economic growth could reach close to 60% this year, the International Monetary Fund said in a statement on Tuesday, urging cautious policies even as the tiny South …
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US and World News
J.P. Morgan ups Mexican economic growth forecast on manufacturing boost
by Reutersby ReutersMEXICO CITY (Reuters) – J.P. Morgan analysts raised their economic growth forecast for Mexico’s third quarter gross domestic product (GDP), as well as for 2022, after August trade data signaled …
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Department of Justice Press Releases
Somerset County Woman Admits $1 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme
by DOJ Pressby DOJ PressNEWARK, N.J. – A Somerset County, New Jersey, woman today admitted fraudulently obtaining over $1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL), U.S. …
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Department of Justice Press Releases
Somerset County Woman Admits $1 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme
by DOJ Pressby DOJ PressNEWARK, N.J. – A Somerset County, New Jersey, woman today admitted fraudulently obtaining over $1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL), U.S. …
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US and World News
Banks in the euro zone will have to raise provisions to cope with economic slowdown
by Reutersby ReutersMADRID (Reuters) – Banks in the euro zone will have to raise provisions to cope with the consequences of the economic slowdown due to the fallout from Russia’s war in …
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Agreement Focuses on Economic Development Opportunities Between Maryland and Japan ANNAPOLIS, MD—Governor Larry Hogan today announced that Japan’s Kanagawa Science Park business incubator will become the latest partner of Maryland’s Global …
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Conservative TimesPoliticsUS and World News
SHEFFIELD: Powell Won’t Admit How America Got Into Such Dire Economic Straits In The First Place
SHEFFIELD: Powell Won’t Admit How America Got Into Such Dire Economic Straits In The First Place Carrie Sheffield on September 22, 2022 The Federal Reserve’s decision to raise target interest …
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KUALA LUMPUR (Reuters) – Malaysia’s economy will grow at a slower pace in 2023 compared to this year, finance minister Tengku Zafrul Aziz said in a statement on Wednesday. Zafrul …
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US and World News
India economic growth to be sustained by consumer spending rebound, says govt review
by Reutersby ReutersMUMBAI (Reuters) – A sharp rebound in consumer spending and rising employment will sustain economic growth in India in the months ahead, the government said in its monthly economic review …
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US and World News
Invesco raises $5.4 billion in China investments in first half; flags economic risks
by Reutersby Reuters(Corrects 10th paragraph to show company plans to increase holding in joint venture, not that it has no such plans) By Selena Li HONG KONG (Reuters) -U.S. asset manager Invesco’s …
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US and World News
Brazil’s economic activity index beats forecast with 1.2% growth in July
by Reutersby ReutersBRASILIA (Reuters) – Economic activity in Brazil rose much higher than expected in July, a central bank index showed on Thursday, reinforcing forecasts for a more robust expansion this year, …
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BEIRUT (Reuters) – Savers held up two banks in Lebanon on Wednesday to demand access to their own deposits frozen in the country’s paralysed financial system, underlining desperation among citizens …
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Financial News
China seen holding medium-term rate steady despite growing economic gloom
by Reutersby ReutersSHANGHAI (Reuters) – China’s central bank is widely expected to pause its monetary easing efforts and keep the medium-term policy rate steady this month, a Reuters survey showed, as widening …
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Conservative TimesPoliticsUS and World News
ANTONI: Biden’s Economic Claims Would Make Orwell’s Ministry Of Truth Proud
ANTONI: Biden’s Economic Claims Would Make Orwell’s Ministry Of Truth Proud E.J. Antoni on September 12, 2022 While many presidential administrations play it fast and loose with the truth, none …