Job seekers and recruiters gather at TechFair in Los Angeles, California. Reuters
US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
New orders for US-made capital goods increased by the most in eight months in March, hitting their highest level on record and brightening the outlook for manufacturing and the economy.
US job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labour market,
The UAE’s non-oil foreign trade amounted to Dhs527.5 billion by the end of Q1-2022, Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, revealed.
DUBAI: DP World, a leading global end-to-end logistics provider, announced the creation of DPMETAWORLD, a new initiative aimed at bringing cutting edge virtual solutions to real-world supply chain challenges.
Cash-strapped Sri Lanka took delivery on Saturday of Russian oil -- which could soon be subject to a European embargo -- to restart operations at the country’s only refinery, the energy minister said.