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,…
Thai economy improving but household debt a problem – Finance Minister
BANGKOK (Reuters) – Thailand’s economy is improving but the country is facing issues with people’s debt and the government will seek to ease problems in the longer term, Finance Minister Arkhom Termpittayapaisith…
Germany must utilize fiscal policy to support economy – Habeck
BERLIN (Reuters) – Germany must fully utilize its fiscal policy to preserve the economy and keep business and industry investments, Economy Minister Robert Habeck said on Thursday. Habeck said the ability of…
Bleaker economy could sour airline industry’s bet on cargo planes
By Jamie Freed SINGAPORE (Reuters) – The airline industry’s record-breaking scramble to convert older passenger jets to freighters during the travel-starved years of the coronavirus pandemic threatens to bring a glut of…
Printing the future: New factory tech reshapes the U.S. industrial economy
By Timothy Aeppel DEVENS, Mass. (Reuters) – The giant machines churning out metal parts on this factory floor do not bang or clang – or make any other noise usually associated with…
S.Korea 20-day exports fall on holiday effects, slow global economy
SEOUL (Reuters) – South Korea’s exports fell 8.7% in the first 20 days of September from the same period a year earlier due to holiday effects and amid signs of slowing growth…
Brazil’s economy minister Guedes says salaries can be increased
BRASILIA (Reuters) – Brazilian Economy Minister Paulo Guedes said on Tuesday that efficiency gains by the government will allow for salaries to be increased after years of no meaningful hike in minimum…
WILLIAMS And SCHALK: Biden Pops Champagne Corks While The Economy Pummels Americans
WILLIAMS And SCHALK: Biden Pops Champagne Corks While The Economy Pummels Americans Jonathan Williams And Lee Schalk on September 18, 2022 Americans are not buying the White House spin on the state…
No catastrophe, but sanctions on Moscow are working, says Russian economy veteran
By Darya Korsunskaya MOSCOW (Reuters) – Russia’s economy was on track to expand by 5%-6% in 2022 had Western sanctions not derailed growth for years and ushered in a period of technological…
Frugal is the new cool for young Chinese as economy falters
By Albee Zhang and Tony Munroe BEIJING (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and…
Nearly two-thirds of Argentines see economy getting even worse: poll
BUENOS AIRES (Reuters) – Nearly 64% of Argentines fear the country’s ailing economy will get even worse in the coming months, according to a survey published on Friday, against a backdrop of…
Russian economy will not return to pre-war levels until 2030 – Scope
BERLIN (Reuters) – Russia’s economy is not likely to return to pre-war levels before the end of this decade as the Ukraine war and stricter sanctions worsen long-standing economic deficiencies, Scope Ratings…
S&P 500 futures drop after FedEx stokes fears about economy
By Noel Randewich (Reuters) – S&P 500 futures fell on Thursday, suggesting traders expect Wall Street to open down in its next session, after FedEx withdrew its financial forecast and added to…
The Impending Railroad Strike Could Grind The Entire Economy To A Halt, Experts Warn
The Impending Railroad Strike Could Grind The Entire Economy To A Halt, Experts Warn John Hugh DeMastri on September 14, 2022 An impending railway strike could leave 40% of all long distance…
Global economy may avoid recession as inflation risks ease – J.P. Morgan
(Reuters) – The global economy could avert a recession as data points to a potential soft landing, J.P. Morgan analysts said, while adding that the Federal Reserve might have “over-reacted” with the…
German economy could contract in H2 – economy ministry report
BERLIN (Reuters) – Germany’s outlook has “dramatically worsened” and the economy could stagnate or contract in the second half of the year, an economy ministry report said on Tuesday. A rising number…
Chile launches plan to boost investment to address weakened economy
By Natalia A. Ramos Miranda (Reuters) – Chile’s government launched a plan on Monday to promote investment into 2023 that includes an array of tax breaks for the world’s largest copper producing…
China to roll out more measures to stabilise economy – state media
BEIJING (Reuters) – China will continue to roll out phased policies to stabilise its economy with a focus on reviving consumption and boosting investment, and implement these policies as soon as possible,…
Analysis-This might hurt: tectonic plates of global economy shift
By Mark John LONDON (Reuters) – When the Shannon family announced the closure of their garden centre just off London’s busy South Circular road after 33 years of trading this month, their…
Fed’s Waller: need aggressive rate hikes now while economy can take it
(Reuters) – If the Federal Reserve is able to keep the unemployment rate below 5%, it can be aggressive on bringing down inflation but after that tradeoffs will appear, Fed Governor Christopher…
Russian economy shrinks 4.1% y/y in Q2 as sanctions weigh – revised data
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) – Russia’s economy shrank 4.1% year-on-year in the second quarter of 2022, data…
Yellen Says US Economy Is Stronger Than Before The Pandemic
Yellen Says US Economy Is Stronger Than Before The Pandemic John Hugh DeMastri on September 8, 2022 Treasury Secretary Janet Yellen, speaking at a Ford electric vehicle center in Michigan Thursday, said…
Exclusive-Peru economy can grow target-busting 4.3% next year, finance minister says
By Marcelo Rochabrun and Marco Aquino LIMA (Reuters) – Peru can achieve economic growth of 4.3% in 2023, beating official forecasts that are already optimistic, thanks to a new economic package, Finance…
Exclusive-German economy ministry reviews measures to curb China business
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency…
Fed Unveils Bleak Forecast In Another Troubling Sign For The Economy
Fed Unveils Bleak Forecast In Another Troubling Sign For The Economy John Hugh DeMastri on September 7, 2022 The Federal Reserve released its Beige Book report on the nation’s economic health on…
Thai economy in recovery, fiscal position strong – Dep PM
BANGKOK (Reuters) – Thailand’s economy is gradually recovering from the impact of the pandemic and its fiscal and financial position remains strong, Deputy Prime Minister Supattanapong Punmeechaow told a business seminar on…
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