Fort Hood, Tx (FOX44) – A Texas Comptroller’s report on the economic impact of military installations in Texas shows Fort Hood with 160,933 direct and indirect employees contributing $28.9 million to the economy. The report was put together at the request of the Texas Military Preparedness Commission. Overall, these military installations contributed at least $114.1...Read More

Pounds and dollars The pound has fallen to a two-year low against the dollar reflecting traders’ increasing concerns about recession around the world as energy prices continue to soar. But sterling is also weak because markets are worried about future UK economic growth, analysts said. Sterling could fall even further after predictions of economic stagnation...Read More

Cities across China are stepping up Covid-19 restrictions to stamp out the spread of the virus after the discovery of growing clusters of cases. Shanghai, which in late May emerged from a two-month shutdown that disrupted global supply chains and roiled markets, ordered residents in nine of its 16 districts to undergo two rounds of...Read More

Indian textile producers are witnessing initial signs of a demand slowdown as high energy and food prices have weakened demand for products such as curtains and bedspreads in the top export markets of the US and Europe, textiles secretary Upendra Prasad Singh said. “It’s a fact that inventory levels are high at the moment. Due...Read More

With rising construction costs, supply chain disruptions, labor shortages and a rising cost of debt for construction loans all expected to pose strong headwinds to new construction for the rest of 2022 and into 2023, a value-add strategy of buying older multifamily properties and renovating them is proving to be a lower-risk path to solid...Read More

The rupee depreciated 9 paise to 79.04 against the US dollar in opening trade on Tuesday, weighed down by persistent foreign funds outflows. At the interbank foreign exchange, the rupee opened at 79.04 against the US dollar, registering a decline of 9 paise over the last close. On Monday, the rupee had closed at 78.95...Read More

Argentina has appointed a relatively unknown former provincial official as its new economy minister, after the abrupt departure of predecessor Martin Guzmán who negotiated a $44bn debt restructuring deal with the IMF. Silvina Batakis, 53, was set to take over on Monday a day after Guzmán, a close ally of President Alberto Fernández, became the...Read More

The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) increased to 60.9 during the second quarter, from 59.7 in the first quarter, and remains well in negative territory. This is the highest level recorded since the inception of the PUI in 2016. The further elevation in the second-quarter PUI, following on the sharp...Read More

European stock markets started the week on an upbeat note as traders queried central banks’ resolve to keep raising interest rates amid mounting evidence of a global economic slowdown. The regional Stoxx 600 rose 1 per cent in early dealings on Monday, with London’s FTSE 100 adding 0.8 per cent and Germany’s Xetra Dax gaining...Read More

Inflation is coming for McDonald’s dollar drinks. Some McDonald’s Corp. locations are axing the chain’s U.S. deal offering soda and other cold beverages of any size for a buck as restaurant owners try to manage a record spate of inflation. Owners in a number of the chain’s markets recently have voted to ditch the drink...Read More