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,…
Dem Rep Says Fellow Party Members Aren’t Patting Biden On The Back Enough For ‘Turning Around’ Economy
Dem Rep Says Fellow Party Members Aren’t Patting Biden On The Back Enough For ‘Turning Around’ Economy Harold Hutchison on January 25, 2024 Democratic Rep. Debbie Dingell of Michigan claimed Thursday that…
Global economy outlook at odds with aggressive rate cut bets: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global growth is set to stay resilient this year and only pick up pace a bit in 2025, according to a Reuters poll of economists, a…
German economy limps into 2024 as business sentiment falls
By Rachel More and Rene Wagner BERLIN (Reuters) – German business morale unexpectedly worsened in January, declining for the second month in a row as Europe’s largest economy struggles to shake off…
Vietnam says US ‘non-market economy’ label is bad for bilateral ties
WASHINGTON (Reuters) – Vietnam’s ambassador to the United States on Tuesday urged Washington to end its “non-market economy” label on Hanoi, warning that maintaining the resulting punitive duties on Vietnamese goods is…
Burundi economy to expand 4.3% in 2024 vs 2.7% last year – IMF
NAIROBI (Reuters) – Burundi’s economy is projected to expand 4.3% this year from 2.7% in 2023, helped by improved performance in the agriculture sector, the International Monetary Fund said. With a population…
South Korea’s economy likely grew at slightly slower pace in Q4: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – South Korea’s economy expanded at a slightly slower pace in the final three months of 2023 compared to Q3 as elevated interest rates held…
Brazil’s economy to cool this year amid fiscal tug of war – Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s economy is set to cool this year, a Reuters survey found, amid an intensifying tug of war between the government and some lawmakers over…
Beijing sets 2024 growth target higher despite slowing economy
BEIJING (Reuters) – China’s capital city Beijing has set a growth target of around 5% for 2024, surpassing last year’s target of above 4.5%, despite expectations of slower growth for the national…
Germany Went All In On The Green Transition. Now, Its Economy Is Crumbling
Germany Went All In On The Green Transition. Now, Its Economy Is Crumbling Nick Pope on January 21, 2024 Germany fully bought into the green energy transition, but its economy is now…
Explainer-What does Red Sea disruption mean for Europe’s economy?
By Mark John (Reuters) – Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and…
Suez Canal diversions pile pressure on Egypt’s distressed economy
By Patrick Werr CAIRO (Reuters) – A sharp downturn in revenue after sea attacks by Yemen’s Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to…
For many in China, the economy feels like it is in recession
By Casey Hall SHANGHAI (Reuters) – The night before China’s civil service exam, Melody Zhang anxiously paced up and down the corridor of her dormitory, rehearsing her answers. Only when she got…
Goldman Sachs CEO says US economy looks constructive but cautions on inflation
By Megan Davies DAVOS, Switzerland (Reuters) – Goldman Sachs CEO David Solomon expects the U.S. economy to avoid a big slowdown this year, but warned that inflation could remain more stubborn than…
Bank CEOs, huddled in private in Davos, worry about competition, economy – sources
By Stefania Spezzati and Megan Davies DAVOS (Reuters) – Bank CEOs meeting in private at the World Economic Forum on Wednesday aired concerns about the competitive risks from fintech firms and private…
German CEOs warn of far-right threat to economy
By Sarah Marsh and Hakan Ersen BERLIN/FRANKFURT (Reuters) – The leaders of German companies from chip manufacturer Infineon to chemicals maker Evonik have warned about the threat of far-right extremism to Europe’s…
Davos – Chinese premier Li: China economy growth estimated at 5.2% in 2023
DAVOS, Switzerland (Reuters) – Chinese Premier Li Qiang said on Tuesday the Chinese economy had rebounded and moved upward, and was estimated to have grown around 5.2% in 2023, above the official…
Venezuela economy grew 5% in 2023, will reach 8% this year-Maduro
By Mayela Armas CARACAS (Reuters) – Venezuela’s economy grew more than 5% in 2023 and growth will reach 8% this year, President Nicolas Maduro said on Monday during his annual address to…
Peru’s economy grows in November for first time since April
LIMA (Reuters) – Peru’s GDP saw positive growth in November after six months in the red, the government said on Monday, beating analyst forecasts and bringing some hope that the country could…
Biden Admin’s Latest Labor Rule Poised To Upend Key Sector Of The Economy
Biden Admin’s Latest Labor Rule Poised To Upend Key Sector Of The Economy Will Kessler on January 14, 2024 The Biden administration’s new labor rule will likely increase costs for employers and…
German tech sector expected to outperform ailing economy in 2024 -study
BERLIN (Reuters) – Germany’s IT and telecommunication (ITC) sector is expected to speed up its growth this year and clearly outperform Germany’s ailing economy, a study by German digital association Bitkom showed…
Explainer-Why is Germany’s economy struggling in 2024?
By Maria Martinez BERLIN (Reuters) – Germany’s ailing economy is experiencing a bumpy start to the year with farmers launching nationwide protests against government plans to cut diesel subsidies and train drivers…
No money? Next UK government’s budget is hostage to economy
By William Schomberg LONDON (Reuters) – Britain’s next government will have little room to cut taxes or increase spending – at least according to bleak forecasts from the country’s budget office. But…
Consumers Are Right To Think Biden’s Economy Is In Bad Shape, Experts Say
Consumers Are Right To Think Biden’s Economy Is In Bad Shape, Experts Say Will Kessler on January 6, 2024 The Biden administration and the media insist that the economy is doing well,…
Japanese firms rush to resume production as earthquake disrupts local economy
By Kantaro Komiya TOKYO (Reuters) – Japanese manufacturers rushed to resume production four days after a magnitude 7.6 earthquake killed at least 94 and disrupted infrastructures in the country’s west coast, as…
Canadian service economy shrinks for seventh straight month
By Fergal Smith TORONTO (Reuters) – Activity in Canada’s service sector deteriorated for a seventh consecutive month in December as elevated borrowing costs weighed on the housing market, S&P Global Canada services…
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