WASHINGTON (Reuters) – U.S. worker productivity rebounded less than expected in the third quarter, resulting in continued upward pressure on labor costs that could keep inflation elevated. Nonfarm productivity, which…
WASHINGTON (Reuters) – U.S. construction spending unexpectedly rebounded in September, amid a surge in investment in nonresidential structures that offset a further decline in outlays on single-family homebuilding. The Commerce…
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – Activity in the Russian manufacturing sector increased in August at…
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – The rouble bounced back from more than three-week lows against the…
By Sergio Goncalves LISBON – Tourism is rebounding more quickly in Portugal than in some parts of Europe, but the number of foreign visitors this year is still expected to…
By Michael Erman (Reuters) – More than 2.8 million courses of Pfizer Inc’s COVID-19 oral antiviral treatment Paxlovid have been made available at pharmacies around the United States, with the…
By Koustav Samanta (Reuters) – Global airline capacity has surged to its highest level in 2022 this week because of a rebound in Chinese domestic demand despite extended lockdowns in…
BRUSSELS – Euro zone industrial production rebounded as expected in February from a January slump thanks to stronger output of consumer goods, which offset declines in the output of energy…
By Gavin Jones and Giuseppe Fonte ROME – Italy’s economy grew 6.6% last year following a record contraction of 9.0% in 2020, while the budget deficit and public debt came…
WASHINGTON – U.S. worker productivity rebounded more than expected in the fourth quarter, curbing labor costs growth, but the coronavirus pandemic has distorted the data and prevented a clear trend.…
By David Henry NEW YORK – U.S. banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the U.S. economy expands and…