US Fed Chair warns new tariffs will likely raise inflation, retard growth

US President Donald Trump’s tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said on Friday. “It is...

Job losses

Unemployment

US job growth slows in January; unemployment rate at 4 per cent

US job growth slowed more than expected in January after robust gains in the prior two months, but a 4.0% unemployment rate probably will give the Federal Reserve cover...

Spain raises GDP growth target and unemployment at lowest since 2008

The Spanish Economy Ministry is set on Tuesday to raise its gross domestic product growth target for this year above the current 2.4 per cent, Economy Minister Carlos Cuerpo...

Global stocks wobble ahead of US jobs data; bonds in the spotlight

Global stocks were under pressure on Friday ahead of a US jobs report later on that could exacerbate or ease the sell-off in the global bond market, while the...

Italian firms bridge skills gap with own schooling

Giulia Segreti, Reuters After years of informal work as a farm labourer, Federico Olivieri, 29, could not believe it when a huge building site appeared next to his home...

South African social security at a crossroads

South Africa’s African National Congress (ANC), fighting to extend its 30-year grip on power in elections this month, would like to cast the government programmes that support Dalene Raiters...

US employment boom leaves factory workers behind

Dan Ariens laid off workers, cut shifts, and halted nearly all hiring last summer after sales slumped at his company, best known for making bright orange snow blowers and lawnmowers...

Stocks at record peak as US data leaves June Fed rate cut bet intact

Stocks hit new peaks on Friday as mixed US jobs data did little to shake markets’ conviction that the Federal Reserve will begin cutting interest rates in June. Central bankers...