Job-seekers line up at TechFair in Los Angeles. Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 209,000 for the week ended Aug.17. 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.
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,
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.
Emirates Global Aluminium (EGA), the world’s biggest ‘premium aluminium’ producer, supplied 203 thousand tonnes of waste to other industries as feedstock in 2022.
Shares in India’s Adani Group plunged up to 20% on Friday and the company said it was considering legal action against US-based short-selling firm Hindenburg Research for allegations
Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.