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.
Dubai Chamber of Commerce and Industry has announced that it has signed a memorandum of understanding (MoU) with Emirates NBD, a leading bank in the region, under which the bank
India’s retail inflation rose close to the central bank’s medium-term target of 4% in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive interest rate cut in December.
The Dubai hospitality sector is on solid growth track and is marching ahead bucking the global trends. Today, we are on the brink of a full-house occupancy at the hotel with 90 per cent occupancy rate that is expected to reach 100 per cent