Reuters US Economy

Israel to let more Palestinians work in manufacturing to fill labour shortage

26 Jun 2022

By Steven Scheer JERUSALEM (Reuters) – Israel’s cabinet approved issuing 3,500 additional permits for Palestinian workers in Israel’s manufacturing and services sectors, increasing the number to 12,000 to help relieve a shortage of skilled staff, the Economy Ministry said on Sunday. Workers from the West Bank and Gaza Strip, territories which Israel captured in the …

Israel to let more Palestinians work in manufacturing to fill labour shortage Read More »

Spain approves $9.5 billion aid package for vulnerable families

25 Jun 2022

MADRID (Reuters) – Spain announced a 9 billion euro ($9.50 billion) package of measures on Saturday to help its most vulnerable households cope with soaring energy prices and inflation, including subsidies for transport and a 80% reduction in energy bill taxes. The announcement of the measures came after the government agreed the package of 5.5 …

Spain approves $9.5 billion aid package for vulnerable families Read More »

IMF board concludes reviews for Ecuador, unlocking $1 billion

25 Jun 2022

(Reuters) -The International Monetary Fund executive board said Friday it had concluded its fourth and fifth reviews for Ecuador’s 27-month Extended Fund Facility (EFF), allowing for the immediate disbursement of about $1 billion. The board said Ecuadorian authorities planned to use the funds for budget support. The announcement comes after nearly two weeks of sometimes-violent …

IMF board concludes reviews for Ecuador, unlocking $1 billion Read More »

Take Five: Goodbye turbulent H1

25 Jun 2022

Angst is running high over global recession risks as the year’s mid-point approaches. So economic data and central bank talk will bear watching more than usual, and there’s plenty of that coming up. The European Central Bank will host a forum in Portugal, while a Chinese business activity survey and a closely followed U.S. inflation …

Take Five: Goodbye turbulent H1 Read More »

IMF slashes U.S. growth forecast, sees ‘narrowing path’ to avoid recession

25 Jun 2022

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund on Friday slashed its U.S. economic growth forecast as aggressive Federal Reserve interest rate hikes cool demand but predicted that the United States would “narrowly” avoid a recession. In an annual assessment of U.S. economic policies, the IMF said it now expects U.S. …

IMF slashes U.S. growth forecast, sees ‘narrowing path’ to avoid recession Read More »

Honduras enacts month-long gasoline price freeze in inflation fight

24 Jun 2022

TEGUCIGALPA (Reuters) – The Honduran government passed a month-long freeze on increases in gasoline and diesel prices on Friday, the country’s energy minister announced, making the Central American nation the latest to intervene as inflation causes gas prices to skyrocket worldwide. Inflation in the 12 months through May reached 9.09% and accumulated inflation for the …

Honduras enacts month-long gasoline price freeze in inflation fight Read More »

U.S. congressional panel calls for crackdown after ‘meme-stock’ saga

24 Jun 2022

By Katanga Johnson and John McCrank WASHINGTON (Reuters) -Wall Street regulators must do more to address market risks highlighted by the “meme-stock” trading frenzy of January 2021 that pitted individual GameStop Corp investors against powerful hedge funds, a congressional report said Friday. Meme stock trading — where companies see their value fueled more by social …

U.S. congressional panel calls for crackdown after ‘meme-stock’ saga Read More »

Close Bitnami banner
Bitnami