Job applicants line up during a recruitment fair in New York on Friday. Associated Press
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.
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.
Activity is contracting in the US manufacturing sector but the number of Americans filing applications for unemployment benefits fell last week, signs that factories are suffering from a global slowdown even as the broader labour market remains healthy.
US job growth accelerated in November as striking workers returned to General Motors’ (GM) payrolls. According to financial analysts, the country’s economy remained on a moderate expansion track despite a prolonged manufacturing slump.
A rising number of central banks (CBs) are likely to issue their own digital currencies in the next few years, research by the Bank for International Settlements (BIS) showed, as interest in the technology heats up.
A number of officials, specialists and experts have stressed that the discovery of a new gas field in Sharjah will significantly enhance the Emirate’s economic resources and support the economic development and goals of the Emirate.
Emirates NBD has announced that it delivered a strong set of results with net profit up 44% year-on-year to Dhs14.5 billion in 2019. According to a press statement issued by the Bank on Monday,