US Jobless Claims Tick Up Slightly, Remain Historically Low
Applications for US unemployment benefits remained historically low last week, highlighting ongoing strength in the labor market.
Bloomberg Business
EU Says Tunisia Is Welcome to Return Aid as Migration Spat Grows
The European Union suggested Tunisia could return €60 million ($63.1 million) that the bloc provided to its southern neighbor’s budget this month as a rift grows over a July deal to stem migration across the Mediterranean.
US Trade Deficit Shrinks to $58.3 Billion, Smallest Since 2020
The US trade deficit shrank to an almost three-year low in August, reflecting a pullback in American demand for foreign merchandise and a pickup in goods shipments overseas.
Chinese Lithium Plunge Has Created Huge Discount to US Prices
Lithium prices are plunging around the world, but the slump is particularly glaring in China, where the key battery metal is trading at a big discount versus the US.
WTO Cuts Global Goods Trade Forecast Citing Broad-Based Slowdown
Global goods trade will grow at less than half the pace predicted six months ago, the World Trade Organization said, citing inflation in the US and Europe, a prolonged war in Ukraine and China’s sluggish recovery.
Metro Bank Bonds, Stock Tumble as Lender Mulls Capital Raise
Metro Bank Holdings Plc shares and bonds dropped Thursday as the lender confirmed it is exploring a potential fundraising.
Turkey Takes Over NATO Kosovo Mission as Serbia Tensions Bubble
Turkey will assume command of the NATO-led force in Kosovo at a critical time as tensions flare between the Balkan nation and neighboring Serbia.
CFA Level II Pass Rate Slumps to 44%, Close to Historic Average
The pass rate for the second level of the chartered financial analyst exam slumped to just below its historic average.
Norway’s Jon Fosse Awarded 2023 Nobel Prize in Literature
Jon Fosse was awarded the Nobel Prize in Literature “for his innovative plays and prose” which explore themes of spirituality, language and the sensory world, often with a philosophical bent.
Thames Can’t Get £2.5 Billion It Needs Unless Rules Change
Thames Water Plc said its £18.7 billion ($22.7 billion) plan to strengthen its finances won’t get funding from investors unless the regulator changes the rules to allow fatter returns.
