Browsing: Economy

Rising pay is usually a good thing for workers and the economy, but right now higher wages might be too much of a good thing. Why?…

By Andy Bruce MANCHESTER, England (Reuters) – Sick of customs delays and extra bureaucracy since Britain left the European Union, Farrat, a small manufacturer on the…

President Joe Biden plans to deliver a speech on Wednesday in Lithuania’s capital as a NATO summit there wraps up, said his national-security adviser, Jake Sullivan.…

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is widely expected to loosen monetary policy further on Thursday, following a massive 250-basis-point interest rate…

White House press secretary Karine Jean-Pierre indicated interest Friday in Meta Platforms Inc.’s META, -0.50% Twitter rival, Threads, but she declined to comment on whether there…

Black unemployment in the U.S. rose to its highest in nearly a year in June, almost doubling White joblessness, which ticked down slightly, according to reports. …

By David Milliken LONDON (Reuters) – Britain sold a government bond at auction on Wednesday that will pay investors an annual return of 5.668% – the…

The Biden administration on Friday said that the U.S. will supply cluster munitions to Ukraine in a controversial move defended by a top official. Jake Sullivan,…

BERLIN (Reuters) – German Chancellor Olaf Scholz said on Wednesday that he knew of further plans for large investments in chip production in Germany, a welcome…

A year ago, Gang Hu, an inflation trader at New York hedge fund WinShore Capital Partners, made the prescient call that inflation would be “stickier than…