Browsing Category
Economy
Euro zone slips into recession after Germany, Ireland revisions
A general view of a fruit and vegetable stand on a weekly market in Berlin, Germany, March 14, 2020. REUTERS/Annegret Hilse20-nation euro zone Q1 and Q4/2022 GDP both cut to -0.1%German, Ireland Q1 figures revised downEmployment growth…
Mortgage repossessions hit highest level since pandemic
China’s total trade with Russia has soared to levels not seen since the beginning of Vladimir Putin’s war in Ukraine, official data showed, as Beijing steps up support for its sanctions-hit ally.Trade…
Euro zone consumers more hopeful on inflation
A shopper pays with a five Euro bank note to buy eggs at a local market in Nice, France, April 26, 2023. REUTERS/Eric GaillardFRANKFURT, June 6 (Reuters) - Euro zone consumers lowered their inflation expectations, a fresh European…
Stock market today: Asian stocks rise after Wall St retreats on concern economy
BEIJING (AP) — Asian stock markets rose Tuesday after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries slowing. Shanghai, Tokyo and Hong Kong rose. Sydney…
Global equity funds suffer seventh straight week of outflows
June 5 (Reuters) - Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on global economic slowdown concerns after weaker readings from China and major European countries.Investors disposed of a net…
Blocked funds threaten airline operations in Pakistan: Iata
The industry’s blocked funds have increased by 47% to $2.27 billion in April 2023. — AFP/File"Rising levels of blocked funds posing threat to airline connectivity."Global airline association urge govts to abide by international pacts.…
Dave Ramsey Faces $150 Million Lawsuit Over Timeshare Exit Promotions
Dave Ramsey offers Bible-based financial advice on his radio show. The Ramsey Show/YouTube Dave Ramsey faces a $150 million lawsuit from listeners over his promotion of a timeshare exit group. Reed Hein offered to get paying…
Joe Biden latest: Inflation claims during Oval Office address come days after
President Joe Biden claimed Friday that inflation has fallen for 10 straight months, just days after the Bureau of Economic Analysis announced that the Federal Reserve's preferred inflation gauge rose in April.…
China, facing debt defaults, weighs bailouts against social instability
Comment on this storyCommentIn the central Chinese city of Wuhan, a full-page newspaper advert called out companies owing money to the city government. There were reports — quickly denied — of an 11th-hour loan to the local authority in…
US mortgage rates climb to their highest level since November
Washington
CNN
—
US mortgage rates jumped higher last week as uncertainty about the debt ceiling standoff sent…