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,…
Zimbabwe economy could grow 6% this year, finance minister says
HARARE (Reuters) – Zimbabwe’s economy could grow 6% this year, better than a previous forecast for 3.8% growth, thanks to a strong performance by agriculture and easing power shortages, Finance Minister Mthuli…
Argentine peso hits record low in black market as economy creaks
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s peso currency sank in widely used parallel markets on Thursday, hitting a record low against the U.S. dollar as concerns grew about the Latin…
United Airlines warns of macro risks, says ready to act if economy softens further
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday said macroeconomic risks have increased following turmoil in the banking industry last month that led to a sharp, brief…
Burger King looks to viral jingle to lift sales in choppy economy
By Hilary Russ NEW YORK (Reuters) – Burger King is banking on its viral “Whopper Whopper” jingle to lift sales as part of the flagging fast-food chain’s turnaround plan, as broader economic…
UN predicts Afghan economy would contract if aid drops 30%
By Charlotte Greenfield (Reuters) – Afghanistan’s economy will contract, inflation will rise and liquidity will fall if there is a 30% drop in international aid as feared, according to an analysis by…
Marketmind: China’s economy gathers pace but markets unimpressed
A look at the day ahead in European and global markets from Kevin Buckland China’s post-Covid recovery is firmly on track, according to a barrage of data on Tuesday. The economy expanded…
The case for a ‘one and done’ Fed rate hike grows as economy slows
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Economic data has begun to fill in the portrait of a U.S. economy that is losing momentum, with reports over the last seven…
Biden Admin Official Claims Racism Cost US Economy $16 Trillion
Biden Admin Official Claims Racism Cost US Economy $16 Trillion Harold Hutchison on April 12, 2023 A senior Biden administration official claimed Wednesday that racial discrimination against black people cost the U.S.…
China in talks on emerging economy debt workout compromise -WSJ
(Reuters) – China is negotiating a compromise plan with other major creditors that could help break a logjam in debt-relief talks for struggling developing nations, the Wall Street Journal reported on Tuesday.…
Greek economy to grow 2.2% in 2023, prudence pivotal – cenbank chief
ATHENS (Reuters) – Greece’s economy will grow by 2.2% in 2023, its central bank chief said on Friday, urging the country to stick to the path of reform and fiscal prudence as…
Georgieva says downside risks have increased for global economy
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Thursday said the global economy faced increased downside risks following recent bank failures in Switzerland and United States that exposed financial…
IMF says Serbia’s economy resilient, but more reforms needed
BELGRADE (Reuters) – Serbia was largely resilient to higher food and energy prices, lower electricity production, drought, and tightening global financial conditions in 2022, but it must pursue reforms to maintain stability…
Japan’s economy runs below capacity, low rates may stay in place
TOKYO (Reuters) – Japan’s economic output ran below full capacity for the 11th straight quarter in October-December, central bank data showed on Wednesday, suggesting that conditions for ending ultra-low interest rates have…
Marketmind: Jolted markets fret about economy, Fed rate path
A look at the day ahead in European and global markets from Ankur Banerjee Risk sentiment remains fragile as skittish investors fret about a recession after a slew of economic data through…
Near shoring, green economy, good growth options for Latam, Caribbean – World Bank
NEW YORK (Reuters) – Near-shoring and the green economy offer opportunities to Latin America and the Caribbean (LAC) that the region should seize, as current estimated economic growth won’t be enough to…
Analysis-India’s surging services exports may shield economy from external risks
By Siddhi Nayak and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – A surge in India’s services exports, which hit a record high in the October-December quarter, is expected to shield the economy from…
Myanmar economy to remain “severely diminished” amid conflict -World Bank
(Reuters) – Myanmar’s economic growth remains “severely diminished” and GDP is expected to increase just 3% in the fiscal year to September, the World Bank said on Friday, as the country remains…
China needs to step up fiscal policy help for its economy – vice Finance Minister
BEIJING (Reuters) – China needs to step up fiscal policy assistance for its economy, Vice Finance Minister Zhu Zhongming said on Friday, adding the country will move steadily on implementing preferential tax…
Next boss: downturn in UK economy won’t be long lasting
By James Davey LONDON (Reuters) – The boss of British fashion retailer Next said on Wednesday he did not think the downturn in the UK economy would be long lasting and anticipates…
Colombian economy headed to more sustainable growth path, IMF says
(Reuters) -Colombia’s economy is currently undergoing a transition toward a more sustainable growth path, the International Monetary Fund said Thursday, highlighting tightened macroeconomic policies, slowing global growth and higher borrowing costs. A…
German economy heading for contraction in Q1, Bundesbank says
FRANKFURT (Reuters) – Germany’s economy will shrink again in the first quarter of the year and underlying inflation could prove to be stubborn even if overall price growth is likely to slow…
US House Speaker McCarthy says he told Biden lack of debt talks jeopardizes economy
By David Morgan WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy said on Sunday that he confronted President Joe Biden about a lack of negotiations on the $31.4 trillion U.S. debt ceiling…
China Jan-Feb fiscal revenue shrinks despite pick-up in economy
BEIJING (Reuters) – China’s fiscal revenues fell 1.2% in the first two months of 2023 from a year earlier, the finance ministry said on Friday, despite signs that economic activity was starting…
Putin urges business leaders to build new Russian economy
MOSCOW (Reuters) – President Vladimir Putin on Thursday called on Russia’s billionaires and business elite to invest in new technology, production facilities and enterprises to help Russia overcome what he said were…
Peru’s economy shrank in January after nearly two years of growth
(Reuters) – Peru’s gross domestic product contracted 1.12% in January compared with the same month a year before, official data showed on Wednesday, marking the first contraction in 22 months as anti-government…
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