Reuters US Economy

BERLIN (Reuters) – Germany’s constitutional court on Tuesday threw out a legal challenge against the European Union’s 750-billion-euro ($786 billion) recovery fund, which saw the bloc take on joint debt to help member states overcome the COVID-19 crisis. The ruling will feed into debate on whether the EU can take on joint debt for other …

German top court dismisses challenge to EU recovery fund Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the economy as it braces for an anticipated recession next year. The survey from the Institute for Supply Management (ISM) on Monday followed on the heels of news last Friday …

U.S. services industry regains steam; factory orders accelerate Read More »

By Anna Mehler Paperny TORONTO (Reuters) -Education workers in Ontario, Canada’s most populous province, have voted to accept a labour deal with the provincial government, union representatives said Monday. The vote comes after about 55,000 education workers represented by the Canadian Union of Public Employees (CUPE) – a group including education assistants and library workers …

Ontario education workers accept labour contract with province Read More »

By Rachna Uppal DUBAI (Reuters) – The United Arab Emirates and Ukraine on Monday announced their intention to start negotiations on a bilateral trade deal, expected to conclude by the middle of next year, the UAE economy ministry said. The UAE state has tried to remain neutral in the Russia-Ukraine war despite Western pressure on …

UAE, Ukraine to start talks on bilateral trade deal Read More »

NAIROBI (Reuters) – Kenya’s private sector activity rose in November after falling a month earlier, helped by improved output in the agriculture and construction sectors, a survey showed on Monday The S&P Global Kenya Purchasing Managers’ Index (PMI) rose to 50.9 in November from 50.2 a month earlier. It stood at 51.7 in September. Readings …

Kenya private sector activity rises in November – PMI Read More »

MOSCOW (Reuters) – Conditions in Russia’s services industry declined for the second month running in November, a business survey published Monday showed, as companies continue to face pressure from Western sanctions, weak consumer demand at home and logistics challenges. The S&P Global Purchasing Managers’ Index (PMI) for Russian services climbed to 48.3 after hitting an …

Russia’s service sector contracts for second month running – PMI Read More »

DUBAI (Reuters) – Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. “Market Makers have to ensure the availability of liquidity for …

Saudi Exchange launches market-making framework to boost liquidity Read More »