Job seekers and recruiters gather at TechFair in Los Angeles, California. Reuters
US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.
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.
Venezuelan security forces fired tear gas on Saturday to disperse demonstrators who turned out in Caracas to protest massive power outages that have kept much of the country in darkness since early March. AFP journalists on the scene said the security forces blocked opposition protesters from concentrating at certain points in the western side of the city.
Britain’s vast finance industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top financial centres, ministers in Prime Minister Theresa May’s government said on Monday. Since Britain voted to leave the European Union nearly three years ago,
European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade.
The UAE-based Grandweld Shipyards has launched its sixth pilot boat for Kuwait Oil Company (KOC). As per the contract signed in May 2017, the ‘MESKAN’ is the final boat of ten – four crew transport boats and six pilot boats – that Grandweld was required to build for KOC’s fleet.
China’s central bank (CB) will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank’s thinking said. “At present, rest assured they will certainly not let it break 7,” a source told Reuters.