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 forecast to contract by 0.2% in 2023
LONDON (Reuters) – Britain’s economy is forecast to contract by 0.2% in 2023, finance minister Jeremy Hunt said on Wednesday, citing the latest projections from the Office for Budget Responsibility (OBR). The…
‘Major Problem’: Investing Guru Raises Serious Concerns Over Future Of American Economy
‘Major Problem’: Investing Guru Raises Serious Concerns Over Future Of American Economy Harold Hutchison on March 14, 2023 Founder of Icahn Enterprises Carl Icahn said that the American economy had a “major…
Rebounding New Zealand tourism is a rare bright spot for its economy
By Lucy Craymer WELLINGTON (Reuters) – When cruises started taking bookings at the end of the COVID-19 pandemic, Australians Eunice and John Rowley quickly made plans for their first ever visit to…
Ukraine’s GDP fall slows to 26% in February – economy ministry
KYIV (Reuters) – Ukraine’s gross domestic product fell by 26% in February after a 32% drop in January, the economy ministry said on Wednesday. Economy Minister Yulia Svyrydenko said in a statement…
Factbox-China moves towards digital economy dream with national data bureau
By Josh Ye and Julie Zhu HONG KONG (Reuters) – China has announced plans for a national data bureau, describing it as part of an effort to coordinate data resources in the…
‘Bring The Economy To Its Knees’: Protestors Blockade Western Nation’s Oil Refineries Over Pension Reform
‘Bring The Economy To Its Knees’: Protestors Blockade Western Nation’s Oil Refineries Over Pension Reform John Hugh DeMastri on March 7, 2023 Striking union workers blockaded all eight oil refineries in France,…
Greek economy expands in Q4 on higher consumer spending, investment
ATHENS (Reuters) – Greece’s economy expanded in October-to-December last year with higher consumer spending and investment more than offsetting lower exports, official data showed on Tuesday. Seasonally-adjusted data showed gross domestic product…
Ukraine economy ministry cuts 2023 GDP growth forecast to 1% – Interfax
KYIV (Reuters) – Ukraine’s economy ministry has lowered its GDP growth forecast for 2023 to 1%, the Interfax Ukraine news agency quoted a deputy minister as saying on Monday. The ministry had…
China’s central bank says will adjust policy in a timely way as economy recovers
By Kevin Yao BEIJING (Reuters) -China’s central bank will adjust monetary policy in a timely and appropriate manner, and cutting banks’ reserve requirements to release long-term liquidity will still be an effective…
Brazilian real’s strength challenged as economy sours: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Strength in Brazil’s real currency will soon be challenged by rising worries about an ongoing downturn in Latin America’s No.1 economy and disagreements among policymakers,…
China’s yuan more flexible, helps stabilise economy: central bank governor
BEIJING (Reuters) – China’s yuan has become more flexible, helping stabilise the economy and the central bank will keep yuan exchange rates stable, the Governor of the People’s Bank of China Yi…
Shore lawmakers eye Murphy’s massive budget surplus for taxpayers, schools, economy
New Jersey lawmakers representing Monmouth and Ocean counties called on Governor Murphy to reinvest the state's budget surplus in response to the Governor's recent budget address.…
‘Could Kill Our Economy’: Dem Senator Sounds The Alarm On Biden Admin Climate Rules
‘Could Kill Our Economy’: Dem Senator Sounds The Alarm On Biden Admin Climate Rules Harold Hutchison on March 1, 2023 Democratic Sen. Joe Manchin of West Virginia said Wednesday that so-called Environmental,…
Peru announces $9 billion injection to boost economy amid protests
LIMA (Reuters) – Peru’s government announced on Tuesday the launch of more than 30 public-private projects worth nearly $9 billion, hoping to revive the economy hit by violent anti-government protests. The projects,…
Canada’s economy unexpectedly stalled in Q4; January rebound likely
TORONTO (Reuters) – The Canadian economy recorded no growth in the final three months of 2022, massively underperforming expectations, though economic activity likely rebounded with a 0.3% increase in January, Statistics Canada…
Portugal economy grows 6.7% in 2022, but slowing down
LISBON (Reuters) – Portugal’s economy grew 6.7% in 2022, its strongest pace in 35 years, fuelled by domestic demand and booming tourism, but inflation put the brakes on private consumption in the…
Turkey’s economy grew 5.6% in 2022, pace to slow after earthquakes
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s economy expanded 5.6% in 2022, official data showed on Tuesday but growth was expected to slow significantly to 2.8% in 2023 after…
Thai economy seen growing 3% to 4% this year, inflation to fall – central bank
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy is seen growing between 3%-4% this year as it follows a sustained recovery path despite a global slowdown, with tourism and…
North Korea’s Kim convenes meeting to improve economy amid fears of food shortages
By Josh Smith SEOUL (Reuters) – North Korean leader Kim Jong Un kicked off a meeting of ruling party officials to discuss improving the country’s economy and agricultural sector, state media reported…
Thai economy to grow 3.8% this year, inflation to ebb – minister
By Orathai Sriring and Satawasin Sta[censored]charnchai BANGKOK (Reuters) – Thailand’s economy is expected to grow 3.8% this year, helped by a rebound in the vital tourism sector, while inflation should cool to…
G20 finance leaders to gauge toll on global economy on Ukraine war’s anniversary
By David Lawder BENGALURU (Reuters) – Global finance leaders will tally the economic damage from Russia’s war in Ukraine on Friday as they meet on the conflict’s first anniversary with some voicing…
Analysis-Russian economy holding up but the road back to prosperity may be long
By Alexander Marrow MOSCOW (Reuters) – Russia’s economy proved unexpectedly resilient in the face of tough Western sanctions last year, but a return to pre-conflict levels of prosperity may be far off…
Markets bracing for ‘no landing’ world economy scenario curb risk appetite
By Naomi Rovnick and Davide Barbuscia LONDON/NEW YORK (Reuters) – Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays higher for longer, are dialling back…
Analysis-Fed’s quandary: Can the economy keep motoring and inflation fall?
By Howard Schneider WASHINGTON (Reuters) – A year into the U.S. Federal Reserve’s most aggressive monetary crackdown since the 1980s the strength of the U.S. economy has befuddled policymakers now faced with…
French economy moves back into growth territory in February -flash PMI
By Sudip Kar-Gupta PARIS (Reuters) – French economic activity grew in February for the first time since October, helped by a slight easing in inflationary pressures and strength in the jobs market,…
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