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,…
Chile’s economy stagnant in most optimistic scenario for 2023 -cenbank
SANTIAGO (Reuters) -Chile’s central bank on Wednesday lowered the top end of its estimate for the country’s economic performance in 2023, saying it now forecasts gross domestic product (GDP) to show no…
Israeli ban on Gaza exports deals blow to long-suffering economy
By Nidal al-Mughrabi GAZA (Reuters) – Palestinians demanded on Tuesday that Israel lift a ban on exports from the Gaza Strip imposed over what Israel called an attempt to smuggle explosives, saying…
Australia economy gets a boost from visitors, infrastructure splurge
By Wayne Cole SYDNEY (Reuters) – Australia’s export volumes jumped in the June quarter as foreign visitors swarmed the country, data showed on Tuesday, offsetting softness in household consumption and providing a…
Swiss economy stagnates during second quarter
ZURICH (Reuters) – The Swiss economy stagnated during the second quarter of 2023, the government said on Monday, with zero growth reported as the slowdown abroad hit the country’s manufacturing sector and…
Kazakhstan names former economy minister Suleimenov as central bank chief
(Reuters) – Kazakhstan appointed former economy minister Timur Suleimenov as its central bank governor on Monday, as the upper house of parliament in the oil-rich Central Asian nation approved his nomination to…
China’s state planner to set up special bureau to support private economy
BEIJING (Reuters) – China’s central government has approved setting up a special bureau within the National Development and Reform Commission (NDRC) to promote the development and growth of the private economy, the…
President Biden Exits Podium Amid Questions on Economy and Corruption Scandal
Washington, D.C. — President Joe Biden abruptly left the podium on Friday, avoiding questions from reporters about ongoing economic issues and a corruption scandal. The walk-off came ahead of the Labor Day…
Full impact of Fed hikes still to be seen in real economy, ex-vice chair Blinder says
By Lisa Pauline Mattackal (Reuters) – The full impact of the U.S. Federal Reserve’s interest rate hikes that began in March 2022 has still not been completely transmitted to the real economy,…
Factbox-China’s measures to shore up a faltering economy, more support expected
BEIJING (Reuters) – China has rolled out a series of policy measures in recent months to revive a stumbling economy after its post-pandemic recovery fell away quickly, and more steps are expected.…
Explainer-Why is China’s economy slowing down and could it get worse?
HONG KONG (Reuters) – China’s economic growth is slowing down as policymakers try to fix a property market downturn, with troubles at major developer Country Garden in focus. Concerns are mounting over…
Yellen to attend India G20 summit, focus on economy, climate, Ukraine -US Treasury
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to New Delhi to participate in the G20 leaders summit from Sept. 7-10, making her fourth visit to India…
Fed can stop hiking rates if economy slows at current pace, Rosengren says
By Lisa Pauline Mattackal (Reuters) – The Federal Reserve can end its interest rate hiking cycle if the labor market and economic growth continue to slow at the current gradual pace, the…
Analysis-Europe’s weaker economy limits fallout of US bond rout
By Yoruk Bahceli (Reuters) – A big selloff that pushed U.S. borrowing costs to 15-year highs left euro zone bonds relatively unscathed in August, reflecting investor bets the bloc’s economic growth and…
Government spending, macro headwinds threaten Brazil’s economy: ex-central bank chief Fraga
By Lisa Pauline Mattackal (Reuters) – Insufficient government spending cuts, rising global interest rates and tighter liquidity place Brazil in a risky fiscal situation, a former governor of the central bank said…
Sweden’s economy shrinks in Q2, but less than feared
STOCKHOLM (Reuters) – The Swedish economy shrank in the second quarter, primarily due to slower exports and decreased trade inventories, though the contraction was smaller than expected, data from the Statistics Office…
China new home prices growth likely flat in 2023, dragging on economy – Reuters poll
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will likely show no growth this year, according to a Reuters poll, highlighting the intense pressure in the crisis-hit…
Thailand’s employment growth drops in Q2 as economy slows
BANGKOK (Reuters) – Thailand’s employment in the second quarter rose 1.7% from a year earlier, slowing from a 2.4% increase in the previous three months, the state planning agency said on Monday,…
Australia economy to slow, govt spending to rise as population ages-report
SYDNEY (Reuters) – Australia faces decades of slower economic growth as its population gets older which will pressure the budget and lift national debt, a government report projected on Thursday, while taxation…
Analysis-After limbo, Thailand’s new prime minister faces weakened economy
By Orathai Sriring and Devjyot Ghoshal BANGKOK (Reuters) – On the campaign trail, Thailand’s new prime minister promised to kick-start the pandemic-hit economy, bolster household incomes, support small businesses and bridge gnawing…
Trump’s universal tariffs would stifle economy, fuel inflation – White House
By Nandita Bose WASHINGTON (Reuters) – The White House said on Wednesday former President Donald Trump’s proposal to impose new tariffs on all foreign imports would hurt America’s working families, damage the…
US economy near stalling point as consumer demand weakens, survey says
By Safiyah Riddle (Reuters) – U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted.…
Italian tourists flock to Albania in key boost for economy
By Fatos Bytyci and Florion Goga SARANDA, Albania (Reuters) – A waiter in an Albanian restaurant in the coastal resort town of Saranda apologised to newly arriving customers that little or nothing…
Blue State Gov Seizes On Devastating Wildfires To Say America Should ‘Decarbonize Our Economy’
Blue State Gov Seizes On Devastating Wildfires To Say America Should ‘Decarbonize Our Economy’ Harold Hutchison on August 21, 2023 Democratic Gov. Jay Inslee of Washington called for the United States to…
As Cuba takes leap towards ‘cashless’ economy, entrepreneurs brace for impact
By Nelson Acosta and Anett Rios HAVANA (Reuters) – When Cuba in early August announced it was taking a major step towards electronic banking and a “cashless” society, the offices of fledgling…
Fed’s long-term GDP outlook is dismal; the economy hasn’t got the message yet
By Howard Schneider WASHINGTON (Reuters) – After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the Federal Reserve had a reckoning at its policy meeting in September of…
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