Still a fast-growing import in 2021 are protective, non-surgical rubber or latex gloves. Universal Images Group via Getty Images Three of the four biggest months for U.S. trade ever are the latest three months, according to my analysis of government data released Friday. Three months in 2021 rank among the top 15 ever — the...Read More
Sometimes it’s possible to simplify something too much. More than a decade ago Ben Bernanke, then chair of the Federal Reserve’s Board of Governors, sat down for an interview with 60 Minutes, the television show that important Americans call when they have important things to say. Bernanke was explaining how the Fed had responded to the...Read More
Empty cubicles are seen as the first phase of FMC Corporation employees return to work in the office in Philadelphia, Pennsylvania, U.S., June 14, 2021. REUTERS/Hannah Beier/File Photo July 2 (Reuters) – No major U.S. industry has regained its pre-recession level of employment in the 16 months since COVID-19 torpedoed the labor market, a sobering...Read More
The disproportionate economic harm that the pandemic has done to women—what some are calling the “shecession”—seems to have taken many people by surprise. But longstanding inequities made women especially vulnerable. The Gates Foundation has released new findings from the Eurasia Group and the International Labour Organisation, in conjunction with UN Women’s Generation Equality Forum, documenting why women...Read More
* Energy stocks lead gains on ASX * IDP Education surges over 20% * NZX 50 ends 0.2% higher (Updates to close) July 2 (Reuters) – Australian shares closed higher on Friday, boosted by the country’s four-phase plan to reopen the economy from virus-led lockdowns, though they ended the turbulent week flat. The S&P/ASX 200...Read More
A man counts U.S. dollar banknotes at a currency exchange shop in Beirut, Lebanon, June 11, 2021. REUTERS/Mohamed Azakir https://apac1.apps.cp.thomsonreuters.com/Apps/fx-polls poll data Reuters poll graphic on the EUR/USD and U.S. 10-year Treasury yield outlook: https://tmsnrt.rs/3jxxC8T Reuters poll graphic on currency market outlook: https://tmsnrt.rs/3jy062o BENGALURU, July 2 (Reuters) – Near-term bets in favour of the dollar...Read More
WASHINGTON – Claims for jobless benefits dropped sharply in the U.S. last week, the Labor Department reported Thursday, as the world’s biggest economy continues to recover from the coronavirus pandemic. A total of 364,000 unemployed workers sought government compensation, down 51,000 from the revised figure of the week before, the agency said. It was the...Read More
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Japanese car giant Nissan has unveiled plans for the UK’s first “gigafactory” producing batteries for electric vehicles, in a £1bn investment plan that secures the future of its Sunderland car plant. The move is a boost...Read More
The United States faces enormous opportunity to launch a clean energy-driven economic recovery that supports millions of well-paying union jobs, confronts environmental injustice, and prevents the worst impacts of climate change. On March 31, President Joe Biden released the American Jobs Plan calling for major job-creating public investments in clean energy industries, clean infrastructure, and...Read More
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