
Japan's factory activity shrinks, service sector growth slows in Sept - PMI
TOKYO Japan's factory activity contracted for the fourth straight month and the service sector growth slipped to an
2023-09-22 08:48

Sinfield's England 'in awe' of South Africa's quarter-final win
England defence coach Kevin Sinfield said on Tuesday his side were "in awe" of South Africa's Rugby World Cup quarter-final performance before the teams meet...
2023-10-18 00:28

China's defense minister warns against 'playing with fire' on Taiwan during Russia meeting
China's defense minister Li Shangfu on Tuesday warned against "playing with fire" when it comes to Taiwan in a veiled jab at the United States as he addressed a security conference in Russia.
2023-08-16 13:22

US economy adds 209,000 jobs, unemployment rate stays the same
The US economy added 209,000 jobs in the month of June, far lower than expectations, though wage growth remained resilient, the Bureau of Labor Statistics reported. The number comes a day after ADP said that the economy added 497,000 jobs last month, far higher than the actual number reported by the US government. In addition, the BLS revised the jobs report from April from 294,000 jobs added down to 217,000 jobs and 339,000 jobs added in May down to 306,000 jobs. The unemployment rate ticked down from 3.7 per cent in May to 3.6 per cent in June. At the same time, hourly earnings remained robust, increasing 0.4 per cent in June and 4.4 per cent in the past 12 months. Unemployment for white people ticked down slightly from 3.3 per cent in May to 3.1 per cent in June. But jobless rates for other major groups including adult men, adult women, teenagers, Black, Asian and Hispanic workers remained unchanged. President Joe Biden, who has in recent days been touting his economic record with a series of appearances across the US, said in a statement that the continued job growth represents “Bidenomics in action” and pointed out that the 13.2 million jobs added to the US economy since the start of his term is more than any president has overseen in a full four-year term. “The unemployment rate has now remained below 4 percent for 17 months in a row—the longest stretch since the 1960s. The share of working-age Americans who have jobs is at the highest level in over 20 years. Inflation has come down by more than half. We are seeing stable and steady growth,” he said. “That’s Bidenomics—growing the economy by creating jobs, lowering costs for hardworking families, and making smart investments in America”. The news comes despite the fact that the Federal Reserve paused raising interest rates last month after it had consistently done so to cool down a hot labour market as a way to ease inflation. Increased jobs typically coincide with higher inflation given that employed consumers have more demand in the economy. Employment in government led the job increases, adding 60,000 jobs during June followed by health care, which added 41,000 jobs and social assistance, which added 24,000 jobs. But retail trade employment shed 11,000 jobs, while building material and garden equipment and supplies dealers lost 10,000 jobs. Furniture, home furnishings, electronics, and appliance retailers lost 5,000 jobs. The decidedly mixed jobs report comes as Mr Biden has attempted to tout his economic record, adopting the term “Bidenomics” to describe his policies such as the bipartisan infrastructure bill and the Inflation Reduction Act, which passed last year. On Thursday, he visited South Carolina to talk about his record and tout the fact that the United States attracted almost half a billion dollar private investment in manufacturing. “It’s historic, and it’s Bidenomics in action,” he said. “Instead of exporting jobs to cheaper labor costs -- what we did for decades -- we’re creating jobs here and exporting American product.” Read More Biden touts his economic record in fiery speech: ‘Guess what – Bidenomics is working’ Watch: Antony Blinken visits China for high-stakes meeting after ‘spy balloon’ Biden administration says judge's social media order could cause 'grave harm' Trump’s ex-press sec’y says there’s ‘no way’ White House cocaine is Hunter Biden’s NATO leaders set to offer Ukraine major support package but membership is off the table for now The US will provide cluster munitions to Ukraine as part of a new military aid package: AP sources
2023-07-07 22:45

Russia fines Reddit for first time over 'banned content,' RIA says
(Reuters) -Russia on Tuesday fined social media site Reddit for the first time for not deleting "banned content" that it
2023-08-16 03:52

UAW plans raise specter of strikes at Detroit Three automakers
(Reuters) -United Auto Workers members are planning to vote next week to authorize possible strikes at the Detroit Three automakers
2023-08-16 05:50

Explainer-What is the 'Basel III endgame' and why are banks worked up about it?
By Pete Schroeder WASHINGTON U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital
2023-07-24 18:18

Westpac acknowledges legal proceedings on financial hardships negligence
Australia's Westpac Banking Corp on Tuesday said it was aware of legal proceedings launched by the country's corporate
2023-09-05 03:51

Who is Joey Sanchez? 'Very violent' Texas man admits to killing estranged wife whose body was never found
Joey Sanchez's admission has provided investigators with the information required to locate her body
2023-10-11 02:15

Mario Kart 8 Deluxe offers even more with final expansion wave.
'Mario Kart 8 Deluxe' has introduced its sixth and final wave of new courses and other add-ons.
2023-12-01 19:21

Biden maintains edge over Trump in 2024 US election -Reuters/Ipsos poll
By Jason Lange and James Oliphant WASHINGTON President Joe Biden continues to hold an edge over potential Republican
2023-05-16 18:22

What happened to Nadia Nakai and AKA? 'Young, Famous & African' couple's love story cut short by murder
AKA's death brought an end to a heartfelt romance with his girlfriend Nadia Nakai
2023-05-19 19:23
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