Massive Layoffs At Major New Jersey Corporations a Bad Look for Governor Murphy, Economy Touting Dems
TRENTON, N.J. — Thousands of jobs across New Jersey are set to be eliminated, according to Worker Adjustment and Retraining Notification (WARN) notices filed by major employers in the state. The layoffs,…
UK economy stumbles but price pressures remain high -flash PMI
LONDON (Reuters) – Britain’s economy showed signs of a slowdown this month but inflation pressures stayed high, according to a survey published a day after the Bank of England raised interest rates…
Slowing Chinese economy of more concern to EU firms than geopolitics – survey
By Joe Cash BEIJING (Reuters) – A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and…
China seen cutting key lending benchmarks as economy slows
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up…
Bundesbank sees German economy shrinking this year
FRANKFURT (Reuters) – The German economy, Europe’s biggest, will shrink this year and inflation will stay above 2% at least through 2025, the Bundesbank said on Friday in a biannual update of…
India’s merchandise import jump in may signals stable local economy – economists
By Ira Dugal MUMBAI (Reuters) – A sequential increase in merchandise imports in May that led to the trade deficit widening to a five-month high signalled a stable local economy, economists said.…
IMF says Ghana’s economy showing signs of stabilization
ACCRA (Reuters) – The International Monetary Fund (IMF) said on Thursday that Ghana’s economy is showing signs of stabilization, with softening inflation, an increase in international reserves and a less volatile exchange…
U.S. Bancorp CEO says economy heading for “moderate” recession
(Reuters) – U.S. Bancorp’s Andy Cecere forecast a “moderate” recession that would be short and “not very deep in terms of severity,” CEO of the lender said at a conference on Tuesday.…
New Zealand’s economy likely in recession as rate hikes take hold
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank’s aggressive hiking of the cash rate likely pushed the country into a technical recession in the first quarter, a Reuters poll…
German economy could grow by up to 1.9% in 2024 – econ min
BERLIN (Reuters) – The German economy could grow between 1.6% to 1.9% next year, Economy Minister Robert Habeck said on Monday. “We expected economic growth of 0.4% for this year … In…
World Bank Issues Dire Forecast For Global Economy: ‘Precarious Footing’
World Bank Issues Dire Forecast For Global Economy: ‘Precarious Footing’ Jason Cohen on June 6, 2023 The expansion of the global economy will significantly decelerate in 2023 and 2024, according to a…
Biden Admin Blocks Mine Just One Week After Company Announces Plan To Invest Millions In Local Economy
Biden Admin Blocks Mine Just One Week After Company Announces Plan To Invest Millions In Local Economy John Hugh DeMastri on June 6, 2023 The U.S. Army Corps of Engineers on Tuesday…
Irish domestic economy returns to growth in first quarter
DUBLIN (Reuters) – Ireland’s domestic economy returned to growth in the first three months of the year after a shallow recession, data showed on Friday, and the finance minister said momentum was…
No quick recovery for German economy after winter slump – DIW
BERLIN (Reuters) – There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the DIW economic research institute said on Wednesday, as its monthly indicator declined…
India’s economy likely gained pace in March quarter
By Manoj Kumar NEW DELHI (Reuters) – India is set to release data on Wednesday that is expected to show the economy grew by 5% in the January-March quarter from a year…
Swiss economy grows at faster than expected rate in first quarter
ZURICH (Reuters) – The Swiss economy grew by a faster than expected rate at the start of the year, the government said on Tuesday, supported by robust domestic demand and rising exports.…
Thai economy resilient, on path to full recovery – Finance Minister
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism…
German economy minister’s office receives envelope with white powder
BERLIN (Reuters) -German Economy Minister Robert Habeck’s constituency office said on Thursday it had received an envelope containing a white substance, prompting a large-scale police operation. After a preliminary examination police believe…
Japan raises view on economy for 1st time since July 2022
TOKYO (Reuters) – Japan’s government raised its overall view of the economy for the first time in ten months in May, after recent data showed the country emerged from recession in the…
Macau needs to diversify economy, safeguard national security -Chinese official
HONG KONG (Reuters) – Macau, the world’s biggest gambling hub, needs to diversify its economy and make greater efforts to safeguard national security, the Macau government quoted a top Chinese official as…
Rebounding margins silver lining for US retail firms in uncertain economy
By Aishwarya Venugopal (Reuters) – Lower input costs and inventories, as well as extended price hikes are pushing a quicker-than-expected recovery in margins at U.S. consumer-facing firms including PepsiCo, Kraft Heinz, and…
‘Soft landing’ narrative takes shape in post-pandemic US economy
By Howard Schneider AMELIA ISLAND, Florida (Reuters) – The pummeling taken by bank bond portfolios during more than a year of rising interest rates fueled worries this spring after the collapse of…
Marketmind: US debt ceiling drama aside, world economy looks shaky
A look at the day ahead in U.S. and global markets from Naomi Rovnick Risk appetite has perked up on global markets thanks to optimism that U.S. Democrats and Republicans are nearing…
China’s fiscal revenue growth quickens as economy recovers
BEIJING (Reuters) – China’s fiscal revenue rose 11.9% in the first four months of 2023 from the same period a year earlier, accelerating sharply from a 0.5% rise in January-March, official data…
Dem Dark-Money Group Struggling In Biden’s Economy
Dem Dark-Money Group Struggling In Biden’s Economy Laurel Duggan on May 17, 2023 Arabella Advisors, a massive Democrat-linked consulting firm, recently laid off 10% of its workforce due to the worsening economic…
Russian economy shrank 1.9% in first quarter – stats service
(Reuters) – Russia’s economy shrank 1.9% year-on-year in the first quarter of 2023, data from the Rosstat federal statistics service showed on Wednesday, following growth of 3% in the same period of…
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