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.
Established pursuant to Decision No. 04 of 2002, DMCC is dedicated to enhancing the flow of commodity trade through Dubai. According to the new Law, the Dubai Multi Commodities Centre Authority will be responsible for supervising DMCC.
The Federal Tax Authority (FTA) has ramped up its preparations ahead of implementing the ban on importing any type of waterpipe tobacco (known in Arabic as ‘Mu’assel’) and electrically heated cigarette plugs unless they carry the ‘Digital Tax Stamps (DTS)’ as of March 1, 2020.
The United Arab Emirates and the Kingdom of Saudi Arabia strengthen their economic partnership to enhance the trade and create opportunities for the businesses and people in both the countries.
Warren Buffett’s Berkshire Hathaway Inc posted a 23 per cent decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings.