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,…
Fed’s Williams: Making economy inclusive has benefits for overall activity
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York leader John Williams said on Tuesday that the economy does better when everyone gets a shot at participating.…
German economy minister: recession threatening Europe manageable
BERLIN (Reuters) – Germany’s economy minister said that easing gas prices give hope that a recession threatening Europe, and Germany, can be managed and even reduced, and underscored the need to establish…
IMF says fragmentation could cost global economy up to 7% of GDP
WASHINGTON (Reuters) – A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in…
Peru’s economy grows 1.68% year-on-year in November
LIMA (Reuters) – Peru’s economy expanded 1.68% in November compared with the same month a year before, the national statistics institute (INEI) said on Sunday, marking a slight slowdown from the year-on-year…
Big Banks Are Raising A Giant Red Flag For The US Economy
Big Banks Are Raising A Giant Red Flag For The US Economy Laurel Duggan on January 10, 2023 Some of the country’s largest banks are expected to see a 15% decline in…
Green industries could be worth $10.3 trln to economy by 2050 – study
By Juliette Portala (Reuters) – Industries helping the world shift to net-zero emissions could be worth $10.3 trillion to the global economy by 2050, sustainable development consultancy Arup and economics advisory firm…
Greek economy to slow in 2023 as energy costs, Ukraine war hit spending -OECD
ATHENS (Reuters) -Greece’s economic growth is likely to slow to just 1.1% this year from a 5.1% clip in 2022 as soaring energy costs and continued uncertainty about the war in Ukraine…
Economy, energy row and drugs loom at North American summit
By Dave Graham MEXICO CITY (Reuters) – North American leaders aim to give new impetus to strengthening economic ties at a meeting this week, even as a major dispute grinds on over…
Fed’s Bostic: jobs data another sign economy is gradually slowing
By Lindsay Dunsmuir (Reuters) – The latest U.S. jobs figures are another sign that the economy is gradually slowing and should that continue the Federal Reserve can step down to a quarter…
Euro zone economy sentiment rises in Dec, first time since start of Ukraine war
BRUSSELS (Reuters) – Euro zone economic sentiment improved in December for the first time since the start of the war in Ukraine, European Commission data showed on Friday, with more optimism across…
Japan’s output gap closes in positive sign for economy, BOJ
By Leika Kihara TOKYO (Reuters) – Japan’s economic output recovered to near its full capacity for the first time in nearly three years, data showed on Friday, a sign the world’s third-largest…
Biden says U.S. economy headed to ‘new plateau,’ amid recession fears
By Andrea Shalal WASHINGTON (Reuters) – President Joe Biden said on Thursday the U.S. economy was seeing “really bright spots” after a rough few years, and was headed to a “new plateau,”…
Corporate Execs And Insiders Shy Away From Stocks In ‘Warning’ Sign For Economy
Corporate Execs And Insiders Shy Away From Stocks In ‘Warning’ Sign For Economy John Hugh DeMastri on January 5, 2023 Despite crashing stock prices, corporate executives have been shying away from their…
Brazil’s VP says development bank should be strengthened to leverage the economy
BRASILIA (Reuters) – Brazil’s Vice President Geraldo Alckmin said on Wednesday that the state-run development bank BNDES should reduce interest rates to lenders, raising doubts on possible changes to its current policy,…
Taiwan to plough $12 billion in excess tax revenue back into economy in 2023
TAIPEI (Reuters) – Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the island from global economic shocks, including subsidies…
Venezuela economy grew 17.73% y/y through September – central bank
CARACAS (Reuters) – Venezuela’s economy grew 17.73% year-over-year in the first three quarters of 2022, the South American country’s central bank said Friday, following an eight-year economic collapse. The economy plunged into…
China central bank promises more policy support for economy
BEIJING (Reuters) – China’s central bank said on Friday it will step up implementation of its “prudent” monetary policy to support the economy hurt by the COVID-19 pandemic, keeping liquidity reasonably ample…
Thai economy got a boost from tourism in November – finance ministry
BANGKOK (Reuters) – Thailand’s economy in November was supported by tourism while private consumption held steady, and exports weakened following a slowdown in trading partners’ economies, the finance ministry said on Thursday.…
EJ ANTONI: The Economy Of Salvation
EJ ANTONI: The Economy Of Salvation E.J. Antoni on December 25, 2022 Many Americans are struggling to get through this Christmas season because of inflation and the dramatically higher cost of living.…
Thai New Year spending seen at 3-year high as economy rebounds -survey
BANGKOK (Reuters) – Thailand’s consumer spending during the New Year could reach a three-year high of 103 billion baht ($2.97 billion) as the economy continues to recover from the impacts of the…
Swedish think tank NIER predicts economy will contract by 1.1% in 2023
STOCKHOLM (Reuters) – Sweden’s economy will likely contract next year as high inflation and rising interest rates weigh on households and businesses, the National Institute of Economic Research (NIER) forecast on Wednesday.…
Analysis: India’s post-COVID spending boom drives two-speed economy
By Ira Dugal MUMBAI (Reuters) – India is set to be the world’s fastest growing major economy in the year ahead, as a post-pandemic retail boom and recent bank balance-sheet repairs lure…
There should not be any ‘crash’ in French and European economy – ECB’s Villeroy
PARIS (Reuters) – The French and broader European economy should not suffer any “crash” or “hard landing”, European Central Bank (ECB) member and Bank of France head Francois Villeroy de Galhau told…
Ex-BOJ Nakaso sees Japan lagging in exiting stimulus due to weak economy, wages
TOKYO (Reuters) – The Bank of Japan is continuing large-scale monetary stimulus as the economy has not fully recovered from COVID-induced slump and as wage growth has lagged behind price hikes, former…
Italian economy minister says ECB rates hikes worrying for Rome
By Angelo Amante and Giuseppe Fonte ROME (Reuters) -The prospect of subsequent hikes in interest rates by the European Central Bank is worrying for highly indebted countries like Italy, its economy minister…
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