Baltimore sees first population growth in a decade, aided by sanctuary policies, immigration
BALTIMORE, MD — Baltimore’s population has increased for the first time since 2014, according to new estimates released by the U.S. Census Bureau. The city’s population grew from 565,271 in 2023 to…
Shopify merchant growth falters as weak consumer spending hits businesses
By Nivedita Balu (Reuters) – Businesses stung by rising costs and lower consumer spending are shying away from Shopify’s platform, creating a roadblock in its plan to fix past missteps in overestimating…
Deutsche Post reports double-digit Q2 earnings growth
BERLIN -German logistics company Deutsche Post reported double-digit growth in revenue and earnings on Friday and confirmed its outlook for 2022, as its flourishing freight and express business built on an already-strong…
China July export growth seen cooling, imports likely to rise: Reuters poll
BEIJING – China’s export growth is expected to have slowed in July, adding to signs of weakening global demand, while imports likely picked up slightly, a Reuters poll showed on Friday. Exports…
Beiersdorf posts 10.5% organic sales growth in H1, affirms outlook
BERLIN – Nivea owner Beiersdorf posted 10.5% organic sales growth in the first half of the year, it said on Thursday, affirming its guidance for the full year. First-half sales grew to…
Irish services growth picks up, bucking euro zone trend – PMI
DUBLIN – Growth in Ireland’s services sector accelerated for the first time in four months in July, a survey showed on Thursday, bucking the deteriorating trend seen across the euro zone as…
French services growth slowed less than first forecast in July -final PMI
PARIS – Growth in France’s services sector weakened by less than initially expected in July, yet inflationary pressures were likely to weigh in the near-term on the euro zone’s second-biggest economy, a…
Spanish services sector growth slows slightly in July -PMI
MADRID – Activity in Spain’s services sector grew in July at the slowest pace since March, with companies increasingly concerned about the impact of high inflation on businesses and the economy, a…
Russian services sector records fastest output growth in over a year -PMI
MOSCOW – Russia’s services sector expanded in July at its fastest pace in more than a year, a business survey showed on Wednesday, as strong domestic demand outweighed slumping export orders for…
Swiss PMI dips slightly but industry stays in growth mode
ZURICH – The Swiss purchasing managers’ (PMI) index fell by 1.1 points in July, according to data published on Tuesday, but remained in positive territory despite concerns about rising energy prices and…
Thai GDP growth seen at 3.3% this year – PM
BANGKOK – Thailand’s economy is expected to grow 3.3% this year and 4.2% next year, helped by increased tourism, the prime minister said on Tuesday. The economy in the second quarter showed…
China leaders say 5.5% GDP growth is guidance, not hard target – Bloomberg News
(Reuters) – Chinese leaders told the government that this year’s economic growth of about 5.5% is a guidance and not a hard target in a meeting last week, Bloomberg News reported on…
Global thematic funds see big outflows as growth stocks falter
By Patturaja Murugaboopathy (Reuters) – Global thematic funds are facing heavy outflows this year as investors’ fascination fade with such assets, most of which are closely correlated with economic growth. Investors had…
Japan’s July factory activity growth slows as output, new orders contract
TOKYO – Japan’s manufacturing activity expanded at the weakest rate in 10 months in July, as pressure from rising prices and supply disruptions hurt output and new orders, suggesting a solid post-pandemic…
Euro zone Q2 growth accelerates, defies expectations of slowdown
BRUSSELS – Euro zone economic growth accelerated quarter-on-quarter in the second quarter, preliminary data showed on Friday, defying expectations of a slowdown, thanks to a much stronger than forecast performance in Spain,…
Spain’s second-quarter GDP growth of 1.1% tops estimates
(Reuters) – Spain’s second-quarter economy expanded 1.1% over the previous three months to top growth estimates on robust overseas demand for the country’s goods and services, preliminary data showed on Friday. Analysts…
China Hints At Missing Economic Growth Target Amid Banking Crisis, Declining Population
China Hints At Missing Economic Growth Target Amid Banking Crisis, Declining Population Micaela Burrow on July 28, 2022 Chinese leaders muted expectations of economic growth in the second half of 2022, all…
S.Korean exports retain single-digit growth in July; inflation at 24-yr high – Reuters poll
By Jihoon Lee SEOUL – South Korean export growth rate likely rebounded in July, but remained in the single-digit level, a Reuters poll showed on Thursday, while consumer inflation is seen accelerating…
Taiwan chipmaker UMC sees further growth for sector into 2023
By Sarah Wu TAIPEI – Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday it sees continued growth for the industry into next year, even as soaring inflation and recession fears cool…
Gartner forecasts chip sales growth to slow down in 2022, fall next year
By Supantha Mukherjee STOCKHOLM – IT research firm Gartner said on Wednesday it expects global semiconductor sales growth to slow down in 2022 and fall 2.5% next year, hurt by weak sales…
Italy’s Fincantieri reports 16% growth in H1 revenues
MILAN – Italian shipbuilder Fincantieri reported on Tuesday 16% growth in revenues to 3.5 billion euros ($3.54 billion) in the first half of this year compared with the year-ago period, driven by…
Spain raises inflation forecast for 2022, lowers GDP growth target for 2023
MADRID – Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in Ukraine for…
Japan slashes fiscal year GDP growth f’cast to 2.0% on global demand slump
By Daniel Leussink TOKYO – Japan’s government slashed its economic growth forecast for this fiscal year largely due to slowing overseas demand, highlighting the impact of Russia’s war in Ukraine, China’s strict…
Germany faces slower growth and new spike in inflation, Bundesbank says
FRANKFURT – The German economy is likely to have grown less than expected this quarter and may face a new spike in inflation in September as government subsidies expire, the Bundesbank said…
Japan’s July factory activity growth slows to 10-month low – flash PMI
TOKYO – Japan’s manufacturing activity grew at the slowest pace in 10 months in July as output and new orders contracted, boding ill for an economy struggling to stage a convincing post-pandemic…
France sees slower growth stalling deficit reduction in 2023
PARIS – French economic growth will slow sharply next year in the face of mounting geopolitical risks, pushing back improvement in the public sector budget deficit until afterwards, the Finance Ministry said…
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