U.S. employers see signs of labor market slowdown

June 30 (Reuters) – People entered Paul Centenari’s cardboard box factory outside Baltimore asking for jobs, something he hasn’t seen in more than a year. “We hadn’t seen this a month ago,” said Centenari, chief executive of Atlas Container Corp. He said just six months ago, Atlas turned to a social services group that places … Read more

Analysis: Market crash exposes Europe’s divisions

Market rout highlights Europe’s Achilles heel ECB tries to restore confidence dampened by soaring prices Ministers are deadlocked over a decade-old plan to support banks LONDON, June 16 (Reuters) – A market sell-off has revived memories of the eurozone debt crisis more than a decade ago, illuminating the divisions that have undermined the currency bloc’s … Read more

Malaysian companies refuse orders due to shortage of migrant labor

KUALA LUMPUR, June 13 (Reuters) – Malaysian companies from palm oil plantations to semiconductor makers are refusing orders and forgoing billions in sales, hampered by a shortage of more than a million workers which threatens the country’s economic recovery. Despite the lifting of the COVID-19 freeze on the recruitment of foreign workers in February, Malaysia … Read more

White House weighs oil profits tax to fund consumer refund

WASHINGTON, June 2 (Reuters) – The White House is considering proposals from Congress that could tax the profits of oil and gas producers to benefit consumers struggling with rising energy prices, an official said on Thursday. American. “There are a variety of interesting proposals and design choices for a windfall tax,” Bharat Ramamurti, deputy director … Read more

Test makers target monkeypox market as cases rise

Test tubes labeled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register LONDON, June 3 (Reuters) – Diagnostics companies are racing to develop tests for monkeypox, hoping to tap into a new market as governments step up efforts … Read more

Analysis: Russians feel little economic hardship now, long-term outlook darkens

Government support eases sanctions pressure for now Minister sees ‘demand crisis’ as spending plunges Military campaign in Ukraine requires ‘enormous resources’ Economists see bleak long-term outlook for Russian economy LONDON, May 30 (Reuters) – As hair salon chain owner Oleg Kechin predicts Russia will be plunged into its deepest economic crisis in a generation that … Read more

Analysis: Russia’s ‘political’ default sets precedent for emerging markets

Russia says it paid $100m in interest due May 27 The country was rated investment grade in early 2022 A default drives up borrowing costs for issuers NEW YORK/LONDON, May 27 (Reuters) – Russia is on the cusp of a unique kind of debt crisis that investors say is the first time a major emerging … Read more

US labor market is hot, but falling profits cast a shadow over the economy

People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud/File Photo Join now for FREE unlimited access to Reuters.com Register Weekly jobless claims fall from 8,000 to 210,000 Continuing claims rise by 31,000 to 1.346 million First quarter GDP decline revised to 1.5% from 1.4% … Read more

Germany and Italy approved Russian gas payments after nod from Brussels – sources

A model of the natural gas pipeline is seen in front of the word displayed the colors of the EU and Russia flag in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Some EU states refuse to comply with Russian payment demands Others approve Russian payments … Read more

US job market in spotlight as weekly jobless claims hit 4-month high

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York, U.S., September 3, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register Weekly jobless claims increase from 21,000 to 218,000 Continuing claims drop 25,000 to 1.317 million Mid-Atlantic factory activity slows … Read more