Why did the unemployment rate and jobs rise in tandem?
A hiring sign is pictured at a McDonald’s restaurant in Garden Grove, California on July 8, 2022. Robyn Beck | Afp | Getty Images This report is from today’s CNBC …
Economic events
Europe can avoid a recession, EU’s Gentiloni says
Europe is facing the impact of a “double crisis,” but the region can avoid a recession, Paolo Gentiloni, the European Commissioner for economic affairs, told CNBC on Saturday. “I think …
China says the best way to ‘de-risk’ is to restore stability with the U.S.
U.S. President Joe Biden having a virtual meeting with his Chinese counterpart Xi Jinping from the Roosevelt Room of the White House in Washington, DC, on November 15, 2021. Mandel …
Global growth to slow, but India, Indonesia may be bright spots: Moody’s
An aerial view shows the Central Bank of India building, in Mumbai, India, 28 September, 2022. (Photo by Niharika Kulkarni/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images The …
Stock Markets: Fewer jobs, higher stocks
A “Now Hiring” sign at an Advance Auto Parts store in San Leandro, California, US, on Tuesday, Aug. 15, 2023. David Paul Morris | Bloomberg | Getty Images This report …
Indonesia’s China-backed high-speed train sparks concerns of debt trap
Indonesia is starting trial runs for its first high-speed train, which will connect the capital Jakarta to a neighboring city of Bandung, after years of delays and cost overruns plagued …
Factory activity in August shrinks for a fifth month
People walk through a gate in the Forbidden City in Beijing, capital of China, March 27, 2023. Xinhua News Agency | Xinhua News Agency | Getty Images China’s factory activity …
Europeans hit out at banks for not passing on higher rates
A customer exits a Piraeus Bank SA bank branch in Thessaloniki, Greece. Bloomberg | Bloomberg | Getty Images “They just want profits, they don’t think about people.” Those words from …
China says drop in trade with U.S. is direct consequence of U.S. moves
Relations between Washington and Beijing are at their lowest in decades amid disputes over trade, technology, human rights and China’s increasingly aggressive approach toward its territorial claims involving self-governing Taiwan …
Bank of England bond losses to cost government £20B more than expected
A member of the public walks through heavy rain near the Bank of England in May 2023. Dan Kitwood | Getty Images News | Getty Images The Bank of England’s …