Today: November 21, 2024
Today: November 21, 2024

Economy

Economy|Finance

New Zealand Treasury likely to cut economic and fiscal forecasts, official says

New Zealand's Treasury said on Thursday it would likely cut its economic and fiscal forecasts because of a sustained productivity slowdown in the economy.

New Zealand Treasury likely to cut economic and fiscal forecasts, official says
Economy|Food|US

Lower turkey costs set table for cheaper US Thanksgiving feast this year

Inflation-weary consumers should see the cost of their classic Thanksgiving dinner gobble less of their paychecks this year, largely because Americans are

Lower turkey costs set table for cheaper US Thanksgiving feast this year
Business|Economy|Environment|US

FEMA head sounds the alarm over disaster funding after double hurricanes

The head of the Federal Emergency Management Agency says money available to help communities hit by disasters has shrunk after back-to-back hurricanes Helene and Milton

FEMA head sounds the alarm over disaster funding after double hurricanes
Asia|Business|Economy|Finance

Korea Zinc takeover battle tests Seoul's resolve on tackling 'Korea discount'

A takeover battle over Korea Zinc is adding pressure on Seoul to pass legislative reforms to ensure better protections for all investors in a

Korea Zinc takeover battle tests Seoul's resolve on tackling 'Korea discount'
Business|Economy|Finance|US

Boeing gives lay off notices to nearly 700 in Missouri

SEATTLE - Boeing issued lay off notices to 692 workers in Missouri, home to the company's Defense, Space & Security division, according to a federally-required filing posted on Wednesday, as part of

Boeing gives lay off notices to nearly 700 in Missouri
Economy|Finance

IMF mission concludes visit to Egypt for the fourth review of loan programme

The International Monetary Fund said on Wednesday that its mission had concluded a visit to Egypt and made substantial progress on policy discussions toward the completion of the

IMF mission concludes visit to Egypt for the fourth review of loan programme
Americas|Business|Economy|Finance|US

Canada's provincial leaders want a free trade deal with the US that excludes Mexico

The leader of Canada’s most populous province says all of the country’s provincial and territorial premiers want Prime Minister Justin Trudeau's federal government to negotiate a bilateral trade deal with the United States that excludes Mexico

Canada's provincial leaders want a free trade deal with the US that excludes Mexico
Asia|Business|Economy|Finance

Nvidia beats, but fails to provide spark

A look at the day ahead in Asian markets. 

Nvidia beats, but fails to provide spark
Business|Crime|Economy|Finance|US

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

Indian businessman Gautam Adani, one of the world’s richest people, has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
Business|Crime|Economy|Finance|US

Billionaire Gautam Adani indicted in New York on bribery charges

Billionaire Gautam Adani indicted in New York on bribery charges

Billionaire Gautam Adani indicted in New York on bribery charges
Business|Economy|Lifestyle|Technology|US

Workers at Kentucky electric vehicle battery production complex start drive to unionize

Workers hired for an electric vehicle battery production complex in Kentucky have launched a campaign to join the United Auto Workers

Workers at Kentucky electric vehicle battery production complex start drive to unionize
Business|Economy|Finance|Political|US|World

Biden administration moves to forgive $4.7 billion of loans to Ukraine

The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller said

Biden administration moves to forgive $4.7 billion of loans to Ukraine
Economy|US

Senators ask Biden administration to back higher pilot retirement age

A bipartisan group of five U.S. senators including incoming Senate Majority Leader John Thune urged President Joe Biden's administration on Wednesday to back

Senators ask Biden administration to back higher pilot retirement age
Business|Economy|Finance|US

Non-recessionary rate-cutting cycle should support credit, Pinebridge says

Asset manager PineBridge Investments said in a report that it is seeing the start of a rare non-recessionary interest rate-cutting cycle that should support

Non-recessionary rate-cutting cycle should support credit, Pinebridge says
Economy|Finance|US

Fed's Bowman says rate cuts are concerning

Federal Reserve Governor Michelle Bowman on Wednesday expressed discomfort with the U.S. central bank cutting interest rates while inflation continues to run above the Fed's

Fed's Bowman says rate cuts are concerning
Economy|Environment|Lifestyle|Technology

NYCHA shows off new state-of-the-art vacuum-powered trash system in Harlem

NYCHA shows off new state-of-the-art vacuum-powered trash system in Harlem

NYCHA shows off new state-of-the-art vacuum-powered trash system in Harlem
Economy|Finance|US

Fed's Bowman calls for cautious approach on interest rates

Federal Reserve Governor Michelle Bowman, among the U.S. central bank's most hawkish policymakers, on Wednesday called for a cautious approach to any further interest rate cuts, noting

Fed's Bowman calls for cautious approach on interest rates
Business|Economy|Finance|US

PIMCO bullish on stocks on US soft landing hopes, cautious on inflation

An optimistic outlook on the U.S. economy is prompting U.S. bond giant PIMCO to favor stocks and some other risk assets, while seeking protection against

PIMCO bullish on stocks on US soft landing hopes, cautious on inflation
Business|Economy|Finance

Russian inflation jumps 0.37% in latest week

Russian consumer prices rose 0.37% in the latest week, up from 0.3% in the previous week, data showed, driven by price growth for butter, sunflower oil, dairy products and potatoes,

Russian inflation jumps 0.37% in latest week
Business|Economy|Finance

UK inflation could undershoot forecasts, requiring faster rate cuts, BoE's Ramsden says

British inflation is at least as likely to undershoot the Bank of England's latest forecasts as it is to match them, potentially requiring faster rate cuts, Deputy

UK inflation could undershoot forecasts, requiring faster rate cuts, BoE's Ramsden says
Business|Economy

OPEC+ may stick with deep oil cuts for longer due to weak demand

OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of

OPEC+ may stick with deep oil cuts for longer due to weak demand
Business|Economy|Europe|Finance|Stock Markets|US

Ford to cut 4,000 jobs in Europe

Ford to cut 4,000 jobs in Europe

Ford to cut 4,000 jobs in Europe
Asia|Business|Economy|Finance|World

India's Q3 growth to pick up after festive boost, cenbank says in bulletin

India's economic growth is expected to pick up in the current quarter after a slowdown in July-September, the country's central bank said in its monthly bulletin on Wednesday, citing a

India's Q3 growth to pick up after festive boost, cenbank says in bulletin
Business|Economy|Finance|US

Delta CEO says the Trump administration will reverse government 'overreach' seen under Biden

The chief executive of Delta Air Lines says the incoming Trump administration will be a “breath of fresh air” for airlines after what he called government “overreach” under President Joe Biden

Delta CEO says the Trump administration will reverse government 'overreach' seen under Biden
Business|Economy|Health

Which health insurance plan may be right for you?

Experts say people shopping for health insurance right now should look beyond price when searching for coverage for next year

Which health insurance plan may be right for you?
Business|Economy|Europe|Technology|US

Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe

Ford is cutting its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of electric cars

Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Business|Economy|Finance|Lifestyle|US

Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target

Retailers are in for a mixed holiday season this year ahead of Black Friday and Christmas, marked by watchful consumers keeping big spending on a

Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target
Business|Economy|Finance|US

3 urgent tasks awaiting Trump’s pick for Treasury secretary

3 urgent tasks awaiting Trump’s pick for Treasury secretary

3 urgent tasks awaiting Trump’s pick for Treasury secretary
Economy|US

Young families are leaving many large US cities − here’s why that matters

Although many US cities have recovered from economic downturns during the COVID-19 pandemic, they still are losing young families in large numbers. Here’s how that trend degrades urban life.

Young families are leaving many large US cities − here’s why that matters
Business|Economy|Environment|US

Companies are still committing to net-zero emissions, even if it’s a bumpy road – here’s what the data show

Microsoft, Walmart and a few other high-profile companies made news for scaling back their public climate commitments. However, a closer look at the numbers shows commitments are still booming.

Companies are still committing to net-zero emissions, even if it’s a bumpy road – here’s what the data show
Business|Economy|Finance

Legal complications await if OpenAI tries to shake off control by the nonprofit that owns the rapidly growing tech company

When for-profit companies are spun out of nonprofits, there is no easy way out of the legal consequences.

Legal complications await if OpenAI tries to shake off control by the nonprofit that owns the rapidly growing tech company
Business|Economy|Finance

Sheetz is slashing gas prices by 40 cents a gallon

Sheetz is slashing gas prices by 40 cents a gallon

Sheetz is slashing gas prices by 40 cents a gallon
Business|Economy|Finance|US

Brokerages see 'uncertain' 2025 on worries over potential Trump tariffs

Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S.

Brokerages see 'uncertain' 2025 on worries over potential Trump tariffs
Business|Economy|Finance

Chile's central bank: Tighter external financing could impact households, businesses

Tighter external financing conditions could impact Chile's households, businesses and mortgages, increasing default risks they might face, the central bank said on Wednesday.

Chile's central bank: Tighter external financing could impact households, businesses
Business|Economy|Environment|Science|Technology

Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says

Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel (SAF), with 43 projects expected to be up and running by 2030,

Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says
Economy|Europe|Health

Italian health workers strike over pay, under-investment

Thousands of Italian doctors and nurses stayed at home on Wednesday to protest over their pay and conditions in the latest sign of malaise in the country's struggling health sector.

Italian health workers strike over pay, under-investment
Africa|Business|Economy|Finance|Stock Markets

Kenya in talks for fresh $750 million from World Bank, $200 million from AfDB, says official

Kenya has secured a $200 million loan from the African Development Bank and is in talks with the World Bank for a new $750 million loan, the finance ministry's head

Kenya in talks for fresh $750 million from World Bank, $200 million from AfDB, says official
Business|Economy|Technology|US

Target sounds the alarm bell on holiday shopping

Target sounds the alarm bell on holiday shopping

Target sounds the alarm bell on holiday shopping
Business|Economy|Finance

India's FY25 capital spending seen 5% below target, top ministry official says

India might undershoot its capex target of 11.1 trillion rupees ($131.72 billion) for fiscal year 2024-25 by around 5%, a top finance ministry official said on Wednesday.

India's FY25 capital spending seen 5% below target, top ministry official says
Africa|Business|Economy|Technology

‘We don’t want to leave anyone behind,’ says Google’s Alex Okosi on the company’s drive to cut data costs in Africa

‘We don’t want to leave anyone behind,’ says Google’s Alex Okosi on the company’s drive to cut data costs in Africa

‘We don’t want to leave anyone behind,’ says Google’s Alex Okosi on the company’s drive to cut data costs in Africa
Business|Economy|Lifestyle

So long, Fifth Avenue. The world’s most expensive shopping street is now in Milan

So long, Fifth Avenue. The world’s most expensive shopping street is now in Milan

So long, Fifth Avenue. The world’s most expensive shopping street is now in Milan
Business|Economy|Europe|Finance

Swiss industry gloomy over prospects as sales and exports slip

Swiss industry is struggling with falling orders and sales as weaker European demand and a strong franc hit exporters, with two surveys showing companies gloomy about

Swiss industry gloomy over prospects as sales and exports slip
Business|Economy|Finance|Stock Markets|US

Delta Air eyes mid single-digit revenue growth in 2025 with premium travel in focus

Delta Air Lines said on Wednesday it expects 2025 revenue to grow by a mid single-digit percentage as it strengthens its bet on premium travel, a major revenue driver for the carrier.

Delta Air eyes mid single-digit revenue growth in 2025 with premium travel in focus
Business|Economy|Finance

A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter

Target has reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items

A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
Business|Economy|Technology

How much of Musk’s wealth comes from tax dollars and government help?

How much of Musk’s wealth comes from tax dollars and government help?

How much of Musk’s wealth comes from tax dollars and government help?
Asia|Economy|Environment|World

Indonesia can reach net zero emissions before 2050, president says

Indonesia is optimistic it can reach net zero emissions before 2050, a decade earlier than previously targeted, President Prabowo Subianto told a G20 forum, Prabowo also said

Indonesia can reach net zero emissions before 2050, president says
Business|Economy|Finance|US

Senator Warren urges Fed to keep Wells Fargo asset cap

The Federal Reserve must not remove Wells Fargo's $1.95 trillion asset cap until the bank has fixed its risk management and compliance issues, top Democratic

Senator Warren urges Fed to keep Wells Fargo asset cap
Asia|Business|Economy|Finance

Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say

Sinochem Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources

Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say
Economy|Europe|Finance|World

Turkey's Erdogan cites inflation forecast when asked about minimum wage hike

President Tayyip Erdogan on Wednesday cited the central bank's year-end inflation forecast of 44% and said Turkey will not let inflation crush people when asked about an expected

Turkey's Erdogan cites inflation forecast when asked about minimum wage hike

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