US Companies Added 324,000 Jobs in July, ADP Says
US companies added more jobs in July than expected, highlighting the persistent strength of the labor market.
Bloomberg Business
Ferrari Drops After Outlook Upgrade Falls Short
Ferrari NV fell after investors took a dim view of revised guidance that brought the company’s outlook in line with expectations.
NatWest Must Pay Banker It Fired After Cancer Surgery
NatWest Group Plc was ordered to pay an ex-compliance manager £88,000 ($112,440) after she was unfairly dismissed by the bank days after getting surgery for cancer.
Kenya Eurobonds Plunge as Moody’s Warns Buyback May Constitute Default
Kenya’s eurobonds plunged after Moody’s Investors Service said it may treat a planned buyback of some of the debt as a default.
Dubai Office Market Defies Global Slump With Influx of Tenants
Dubai continues to defy a slump in the commercial real estate market that’s battered occupancy rates and rental yields around the world.
What Analysts Say About US Credit Downgrade by Fitch
The unexpected downgrade of US government debt sent shockwaves across the economic and political landscapes. In financial markets, the move was met with what amounts to a shrug.
Eskom Slaps Conditions on Emergency Bidders to Stop Grid Hogging
Eskom Holdings SOC Ltd. has imposed conditions to access the national grid on 1,850 megawatts worth of projects in South Africa that developers including Karpowership and Electricite de France SA have struggled to complete since they were awarded in March 2021.
Beijing’s Deadly Storms Brought Heaviest Rainfall on Record
The deluge of rain that triggered floods and killed at least 20 people in northern China this week was the heaviest to hit Beijing since record-keeping began in the 19th century.
Tensions Simmer Around India’s Capital After Religious Clashes
Thousands of security forces patrolled neighboring towns of New Delhi after religious clashes killed six people just weeks before a summit of the Group of 20 nations in India’s capital.
BofA Joins Fed in Reversing Recession Call Amid Growing Optimism
Economists at Bank of America Corp. scrapped their forecast for a recession in the US, becoming the first large Wall Street bank to officially reverse its call amid growing optimism about the economic outlook.
