Geneva — Global youth unemployment rates fell to 13% in 2023, a 15-year low. But a new study by the International Labor Organization warns the post-COVID economic recovery is uneven, with…
more ...Wall St Week Ahead — Rollercoaster week in US stocks leaves investors braced for bumps ahead
New York — A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence…
more ...Chinese tax collectors descend on companies as budget crunches loom
BEIJING — Chinese authorities are chasing unpaid taxes from companies and individuals dating back decades, as the government moves to plug massive budget shortfalls and address a mounting debt crisis. More…
more ...US stock markets rally; S&P 500 sees best day since 2022
NEW YORK — U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about a slowing economy. The S&P 500 jumped 2.3% for…
more ...Wall Street rallies to bounce back from its worst day in nearly 2 years, as Japanese stocks soar
New York — U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst…
more ...Wall Street steadies after its worst day in nearly 2 years, and stocks are mixed
New York — Some calm is returning to Wall Street, and U.S. stocks are holding steadier after Japan’s market soared earlier Tuesday to bounce back from its worst loss since 1987.…
more ...Japan’s Nikkei 225 soars 10% and other world markets are mixed after the week’s rollercoaster start
Bangkok — Japan’s benchmark Nikkei 225 index soared more than 10% on Tuesday, rebounding after a rollercoaster start to the week that sent markets tumbling in Europe and on Wall Street.…
more ...Official: Iran smuggles ‘5 to 6 million liters’ of oil into Pakistan daily
Islamabad — Pakistan’s military revealed Monday that millions of liters of Iranian oil are being smuggled into the country each day, but rejected long-standing allegations that it is also playing a…
more ...World stocks plunge on fears of US economic slowdown
New York — Stock markets across the globe plunged Monday as investors sold stocks on worries that the U.S. economy, the world’s largest, might be slowing and possibly headed to a…
more ...Dow drops nearly 1,000, and Japanese stocks suffer worst crash since 1987 on US economy fears
New York — Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The…
more ...EU should limit curbs on outbound investment, semiconductor group says
AMSTERDAM — Semiconductor industry group SEMI Europe called on the European Union on Monday to place as few restrictions as possible on outbound investment in foreign computer chip technology by companies…
more ...Wall Street week ahead – Flaring economic worries threaten US stocks rally
New York — Economic fears are roiling Wall Street, as worries grow that the Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S. growth.…
more ...Weak US jobs data pummels stock markets as a global sell-off whips back to Wall Street
New York — U.S. stocks are tumbling Friday on worries about whether the U.S. economy can hold up amid the countdown for a cut to interest rates by the Federal Reserve,…
more ...Markets tumble, led by 5.8% drop in Tokyo following a tech-driven retreat on Wall Street
BANGKOK — Shares in Europe and Asia tumbled Friday, with Japan’s Nikkei 225 index slumping 5.8% as investors panicked over signs of weakness in the U.S. economy. Bracing for a highly…
more ...China’s top leaders vow to support consumers and improve confidence in its slowing economy
BANGKOK — China’s powerful Politburo has endorsed the ruling Communist Party’s long-term strategy for growing the economy by encouraging more consumer spending and weeding out unproductive companies to promote “survival of…
more ...Job losses, protests present difficulties for Chinese Communist Party
Auckland, New Zealand — Job losses and wage cuts from China’s economic downturn are hitting key industries, according to the South China Morning Post, and analysts say the situation could lead…
more ...Global cruise industry sees growing demand, wary of port protests
MADRID — The global cruise industry expects to carry 10% more passengers by 2028 than the 31.7 million who took cruise holidays in 2023, when the sector surpassed pre-pandemic levels, but…
more ...US economic growth increased last quarter to a healthy 2.8% annual rate
Washington — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates. Thursday’s report…
more ...Some US states purge Chinese companies from investments amid tensions with China
JEFFERSON CITY, Mo. — As state treasurer, Vivek Malek pushed Missouri’s main retirement system to pull its investments from Chinese companies, making Missouri among the first nationally to do so. Now…
more ...India to spend billions of dollars on job creation
New Delhi — The government in India will spend $24 billion on boosting employment opportunities for young people, as job creation emerges as the biggest challenge confronting Prime Minister Narendra Modi…
more ...South Africa presses to maintain preferred trade status with US
Johannesburg — Some members of the U.S. Congress have called for South Africa to be excluded from the African Growth and Opportunity Act, a U.S. program that grants duty-free access to…
more ...Iraq to import electricity from Turkey
Baghdad — Iraq said Sunday a new power line will bring electricity from Turkey to its northern provinces as authorities aim to diversify the country’s energy sources to ease chronic power…
more ...Mayor: Barcelona will raise tourist tax for cruise passengers
Madrid — Barcelona will raise the tourist tax for cruise passengers visiting the city for less than 12 hours, the mayor said in an interview published on Sunday. Jaume Collboni said…
more ...African aviation conference ends with pledges to improve travel
Moki Edwin Kindzeka — Participants in Africa-Indian Ocean Aviation Week this week in Libreville, Gabon, say they’ve produced a plan to make continentwide improvements to aviation development and safety. Some 350 representatives from…
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