Heroin and crack seized in Cape May County drug raid
Cape May Court House, NJ – A 48-year-old man from the Villas section of Lower Township was arrested Friday following a multi-agency drug investigation that resulted in the seizure of heroin, crack…
S.Korea May inflation hits near 14-yr high, beats expectations
By Jihoon Lee and Choonsik Yoo SEOUL -South Korea’s consumer inflation picked up more than expected in May to a near 14-year high on a global surge in materials and food costs,…
Sandberg’s exit may not be a big blow for Facebook-parent Meta
By Nivedita Balu (Reuters) – Sheryl Sandberg’s exit from Meta Platforms Inc comes at a crucial time for the Facebook parent as it pivots to “metaverse” in the face of slowing ad…
U.S. tech sector sees highest job cuts in May since Dec. 2020 – report
(Reuters) – U.S. employers in the technology sector cut nearly nine times more jobs in May than in the first four months of the year as rising inflation and slowing demand force…
Aberdeen Crime Report: May 2022
ABERDEEN, NEW JERSEY – The Aberdeen Township Police Department has issued the following police incident reports for the month of May. • On May 2nd, 2022 a 26-year-old male resident of East…
Column-Fed may face yield curve, recession ‘mea culpa’: McGeever
By Jamie McGeever ORLANDO, Fla. – U.S. Treasury Secretary Janet Yellen this week issued a ‘mea culpa’ on getting it wrong on inflation. If the economy tips into recession in the next…
U.S. private payrolls miss expectations in May – ADP
WASHINGTON – U.S. private payrolls increased far less than expected in May, which would suggest demand for labor was starting to slow amid higher interest rates and tightening financial conditions, though job…
Foreigners pull out of Asian equities for fifth straight month in May
By Gaurav Dogra (Reuters) – Asian equities continued to witness foreign outflows for a fifth consecutive month in May, hit by concerns over monetary tightening measures by major central banks and supply…
Indonesia’s inflation inches up in May, stays within central bank target
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA – Indonesia’s inflation rate accelerated slightly in May due to rising food prices and airfares, official data showed on Thursday, roughly in line with market…
China EV startups say May sales up, post-lockdown output constrained
(Reuters) – China’s electric vehicle start-ups reported stronger sales for May and forecast continued gains for June as supply chains and output begin to recover from the disruption of COVID-19 lockdowns in…
South Korea May factory growth slows as output, export orders shrink – PMI
SEOUL – South Korea’s factory activity growth slowed in May, as output and export orders contracted amid supply-chain disruptions due to China’s COVID-19 lockdown measures, a private-sector survey showed on Thursday. The…
Ford may slash ad spending, revamp dealers to boost EV profit, CEO says
By Paul Lienert and Ben Klayman (Reuters) – Ford Motor Co needs to overhaul its century-old business model – from slashing advertising spending to reworking its dealer network – if it is…
Pemberton Police Blotter for May 8-14
PEMBERTON, NJ – The following police incidents were reported by the Pemberton Township Police Department. Today, the department released information about incident during the week of 05/08/2022 through 05/14/2022. Here’s what’s happening…
Unlicensed Driver Charged for Fatal Crash in Middle Township
MIDDLE TOWNSHIP, NJ – A fatal crash in Cape May County took the life of a Franklinville man, Thomas Conroy, 53 on Sunday. The driver who caused the crash Rocio Ortiz-Martinez was…
Strong demand bolsters Canadian factory activity in May
By Fergal Smith TORONTO – Canadian manufacturing activity expanded at a faster pace in May as firms raised output to meet strong demand for their goods and inflation pressures showed some signs…
Spanish factory activity picks up in May, costs rising -PMI
MADRID – Factory activity in Spain picked up some speed in May, a survey showed on Wednesday, although rising production costs and geopolitical uncertainty weighed on sentiment among businesses. S&P Global’s Purchasing…
French manufacturing activity at seven-month low in May -PMI
PARIS – Activity in the French manufacturing sector slowed further last month, reaching a seven-month low, as steep inflation hit new business while continued supply chain and logistics problems slowed production, a…
Russian manufacturing activity returns to growth in May – PMI
(Reuters) – Russian manufacturing activity expanded in May after three months of contraction and price pressures eased notably, but sanctions continued to dent client demand, a survey showed on Wednesday. The S&P…
India’s May factory activity remained strong despite inflation worries
BENGALURU – India’s factory activity expanded at a better-than-expected pace last month as overall demand remained resilient despite persistently high inflation, encouraging firms to hire at the fastest rate since January 2020,…
Japan’s May factory activity growth slows as China lockdowns weigh -PMI
TOKYO – Japan’s manufacturing activity grew at the weakest pace in three months in May, as China’s heavy-handed coronavirus curbs aggravated supply disruptions and raised risks for the economic outlook. Manufacturers reported…
South Korea exports growth accelerates in May, China curbs hurt
By Cynthia Kim SEOUL – South Korea’s exports grew at a faster pace in May than a month earlier as a rise in shipments to Europe and United States more than offset…
Judge hands New York man longer sentence for ISIS support, FBI attack
By Luc Cohen NEW YORK -A federal judge on Tuesday increased her sentence for a New York City man who planned to join Islamic State and attacked an FBI agent to 25…
Wild swings of May not necessarily the end of market turmoil
LONDON – Sell in May? They certainly did, but rather than go away as the old stock market adage suggests, traders returned to aggressively buy the dip, causing some of the wildest…
Thai economy improves in May on easing COVID curbs – central bank
BANGKOK – Thailand’s economic activity in May showed gradual improvement as concerns about the pandemic receded and restrictions eased, the central bank said on Tuesday. Issues to be monitored, however, include an…
German unemployment falls more than expected in May as pandemic curbs ease
BERLIN – German unemployment fell in May, Labour Office figures showed on Tuesday, as trade and services benefited from the end of pandemic restrictions in Europe’s biggest economy despite the war in…
French inflation hits new record of 5.8% in May
PARIS – French inflation rose more than expected in May to a new record, preliminary EU-harmonised data showed on Friday, putting pressure on President Emmanuel Macron ahead of legislative elections this month.…
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