Tag Archives: Economy

The number of Americans seeking unemployment benefits has hit a staggering 15 million as the coronavirus pandemic has brought the United States to a halt. The country recorded 5.250 million claims for state unemployment benefits for the week ended April 4, according to a Reuters survey of economists. The data …

World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again. Equity investors were encouraged as the death toll from the virus slowed across major European nations including …

A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that’s all but shut down the U.S. economy. The unemployment rate jumped to 4.4% from a 50-year low of 3.5%. Last month’s actual job loss …

European stock markets sank on Friday, erasing meager gains for the week, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day’s gains on hopes of a global supply cut. With virus-fighting lockdowns raising the risk of a prolonged global downturn, …

The number of Americans filing for unemployment has surged to a record high as the economy goes into lockdown due to the coronavirus pandemic. Nearly 3.3 million people registered to claim jobless benefits for the week ended 21 March, according to the Department of Labor data. That is nearly five …

Global stocks and US futures plunged again on Monday as governments worldwide lockdown their cities and the United States stalls on a massive stimulus package meant to help Americans handle the coronavirus pandemic. Dow (INDU) futures fell more than 900 points at one point, hitting a 5% decline that triggered …

The world’s billionaires have doubled in the past decade and are richer than 60 percent of the global population, the charity Oxfam said Monday. It said poor women and girls were at the bottom of the scale, putting in “12.5 billion hours of unpaid care work each and every day,” …

Baghdad International Fair, which was due to start next Friday, has reportedly been postponed for 10 days. It is now scheduled to run from 11th to 20th November. The postponement comes as protests continue to cause disruption in Baghdad and throughout the country.

US-based economists Abhijit Banerjee, Esther Duflo, and Michael Kremer have won the 2019 Nobel Economics Prize for their work in fighting poverty that has helped millions of children around the world. French-American Duflo becomes only the second female economics winner in the prize’s 50-year history, as well as the youngest …

An Iraqi delegation headed by Prime Minister Adil Abdul Mahdi signed eight Memorandum of Understanding (MoU) on Monday with China to develop economic and trade ties between the two countries. The delegation consisted of 55 high-ranking individuals, including ministers, officials, and provincial governors. During the visit, the delegates signed eight …

U.S. President Donald Trump on Friday said he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, throwing a new twist into the bitter trade war between the world’s two largest economies. Trump said on Twitter he will issue a response …

The US government says the economy grew more slowly in 2018 than it previously estimated, downgrading its estimate from 3% to 2.5%. US President Donald Trump had frequently boasted of the 3% growth figure as evidence that his policies invigorated the economy. The US Commerce Department lowered its estimate of …

In Singapore, buses have been given the green light to find new ways to reduce emissions and improve the air quality of their services. Last month, GWS Living Art, a company specialized in urban green structures installed green roofs on 10 public buses. While a bus might not seem like …

Up to 20 million manufacturing jobs around the world could be replaced by robots by 2030, according to analysis firm Oxford Economics. People displaced from those jobs are likely to find that comparable roles in the services sector have also been squeezed by automation, the firm said. However, increasing automation …

Amid the ongoing trade war with the US, China appears to be “rolling out the red carpet for the rest of the world,” reducing tariffs on countries competing with the US, an international economics think tank says. Beijing is not sitting idly by, waiting to see who can outlast the …

China is not an enemy. It is a nation trying to raise its living standards through education, international trade, infrastructure investment, and improved technologies. In short, it is doing what any country should do when confronted with the historical reality of being poor and far behind more powerful countries. Yet …

US President Donald Trump threatened to hit China with tariffs on “at least” another $300 billion worth of Chinese goods but said he thought both China and Mexico wanted to make deals in their trade disputes with the United States. Tensions between the world’s two largest economies have risen sharply …

US private employers added 27,000 jobs in May, well below economists’ expectations and the smallest monthly gain in more than nine years, a report by a payrolls processor showed on Wednesday. Economists surveyed had forecast the ADP National Employment Report would show a gain of 180,000 jobs, with estimates ranging …

Nearly 20,000 women have signed an online petition demanding the government ban companies from requiring female employees to wear high heels on the job – an example of gender discrimination, says Yumi Ishikawa, who started the drive. The #KuToo campaign is a play on the word for shoes, or “kutsu” …

U.S. economic growth accelerated in the first quarter, but the burst in growth was driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, temporary boosters that are seen weighing on the economy later this year. The surge in growth reported by the Commerce Department …