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,…
Russia: New EU sanctions will hurt global economy, hopes for food export progress
(Reuters) – Russia’s foreign ministry on Thursday said the latest round of European Union sanctions were illegitimate and would have “devastating consequences” for security and parts of the global economy. European Union…
Cuban economy minister sees gradual recovery despite long lines and blackouts
By Marc Frank HAVANA – Cuba’s economy has begun to recover from the effects of the pandemic and should grow 4% this year, its economy minister said, although most Cubans have seen…
Japan Q3, FY22 growth seen weaker as global economy stutters – Reuters poll
By Kantaro Komiya TOKYO – Japan’s economy is likely to grow at a slower pace than previously thought throughout the rest of the fiscal year, a Reuters poll showed, as growing risks…
India on course to become world’s fastest-growing economy, says RBI
By Swati Bhat MUMBAI – India’s economy has remained resilient in the face of global headwinds and with inflation coming off its recent peak is expected to stay on course to become…
China’s Economy Craters As Severe Lockdowns Continue
China’s Economy Craters As Severe Lockdowns Continue Max Keating on July 15, 2022 China’s economy grew by just 0.4% year-over-year for the second quarter of 2022, according to data released by China’s…
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
MANILA – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an expansion in economic activity early this year,…
China’s fiscal revenue growth quickens as economy recovers
BEIJING -China’s fiscal revenue growth accelerated in January-June from the first five months, the finance ministry said on Thursday, as the economy showed signs of a slow recovery in June after earlier…
Russian cenbank sees signs of stabilisation in economy
MOSCOW – The Russian economy is now showing signs of stabilisation, the central bank’s head of monetary policy said on Tuesday, after taking a hit from unprecedented Western sanctions imposed after Moscow…
Yellen sees U.S. economy as very strong despite inflation – senior official
TOKYO – U.S. Treasury Secretary Janet Yellen will emphasize the strength of the U.S. economy despite high inflation and a 1.6% annualized drop in first quarter gross domestic product when she meets…
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy Micaela Burrow on July 9, 2022 Sri Lanka’s prime minister has agreed to step down after mass protests over the dire…
The DeSantis Boom: Florida Economy Soars As State Records Highest Budget Surplus Ever
The DeSantis Boom: Florida Economy Soars As State Records Highest Budget Surplus Ever Max Keating on July 8, 2022 Florida ran a budget surplus of $21.8 billion in fiscal year 2021-22, the…
US Economy Smashes Jobs Projections Despite Signs Of Recession
US Economy Smashes Jobs Projections Despite Signs Of Recession Max Keating on July 8, 2022 The U.S. economy added 372,000 jobs in June while the unemployment rate held steady at 3.6%, according…
Analysis:’Nobody’s perfect’: German economy, engine of Europe, splutters
By John O’Donnell and Tom Sims FRANKFURT – Long one of the globe’s economic stars, Germany is on a brink of a reversal of fortune which some fear imperils the prosperity built…
Japan’s Shinzo Abe sought to revive economy, fulfil conservative agenda
TOKYO – Shinzo Abe, Japan’s longest-serving prime minister, launched his “Abenomics” policies to lift the economy out of deflation, beefed up Japan’s military and sought to counter China’s growing clout in a…
What next for UK economy as Boris Johnson quits?
By William Schomberg LONDON – The resignation of Prime Minister Boris Johnson deepens the uncertainty hanging over Britain’s economy, already under strain from an inflation rate heading for double digits, the risk…
‘Complete Collapse’: Here’s How ESG Destroyed One Nation’s Economy
‘Complete Collapse’: Here’s How ESG Destroyed One Nation’s Economy Micaela Burrow on July 6, 2022 Sri Lanka has run out of fuel and is facing the worst economic crisis in decades. A…
Spain expects its economy to continue growing in 2023 – minister
MADRID – Spain’s government expects the Spanish economy to continue growing next year despite the impact of rising inflation and the war in Ukraine, Finance Minister Nadia Calvino said in a radio…
Biden Poised To Lift Trump-Era Tariffs On China As US Economy Teeters On Recession: REPORT
Biden Poised To Lift Trump-Era Tariffs On China As US Economy Teeters On Recession: REPORT Max Keating on July 5, 2022 The Biden administration is reportedly planning to lift some tariffs on…
As Their Military Retreats, Ukraine Demands Aid Package Bigger Than Their Entire Pre-War Economy
As Their Military Retreats, Ukraine Demands Aid Package Bigger Than Their Entire Pre-War Economy Micaela Burrow on July 5, 2022 Ukrainian President Volodymyr Zelenskyy proposed a reconstruction aid package larger than the…
Germany Went All In On Green Energy. Now Its Economy Is On The Brink Of Collapse
Germany Went All In On Green Energy. Now Its Economy Is On The Brink Of Collapse Reagan Reese on July 5, 2022 After pouring billions of dollars into green energy, Germany is…
Taiwan says ‘not pessimistic’ about economy as stocks swoon
TAIPEI – Taiwan’s Economy Ministry said on Tuesday it was cautious but “not pessimistic” about the island’s economic prospects in the second half of the year, pointing to strong exports, despite a…
Qatar’s economy grows 2.5% in first quarter
DUBAI – Qatar’s economy grew 2.5% in the first quarter from a year earlier, although the growth fell slightly from the previous quarter, official estimates showed on Tuesday. Qatar’s real gross domestic…
Soaring corporate tax an ‘incredible vulnerability’ for Irish economy – official
By Padraic Halpin DUBLIN – Ireland’s reliance on just 10 multinational firms to pay over half of the country’s soaring corporate tax receipts represents an “incredible level of vulnerability” for the economy,…
Argentina economy minister, IMF deal architect, quits as government crisis builds
By Jorge Otaola BUENOS AIRES -Argentina’s economy minister Martin Guzman, the architect of a recent major debt deal with the International Monetary Fund (IMF), resigned on Saturday as deep splits emerged in…
Consumer Expectations For The Economy Hit Lowest Point In A Decade
Consumer Expectations For The Economy Hit Lowest Point In A Decade Max Keating on June 29, 2022 American consumers’ expectations for the future of the economy have hit their lowest point in…
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