US labour market still tight as unemployment hits 10-month high
The number of Americans filing new claims for jobless benefits increased moderately last week, pointing to a still-tight and strong labour market despite growing fears of a…
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Financial Markets
US sues to block Microsoft buying ‘Call of Duty’ maker Activision
Antitrust regulator FTC said Microsoft had a record of buying valuable gaming content and using it to suppress competitionThe United States trade regulator has filed a complaint…
World’s biggest mutual fund manager quits Net Zero effort
Top investors including Vanguard, face pressure from Republican US politicians over use of ESG factors in investments.Vanguard Group Inc is pulling out of a leading…
EU ruling restricts Meta’s targeted ad model: Report
The ruling could limit the data Meta may access to sell personalised ads based on users’ digital activity, The Wall Street Journal reports.European Union regulators have ruled Meta…
Ghana approves 2023 budget in middle of deep economic woes
Ghana is in talks with the International Monetary Fund for a support package to help relieve its debt distress.Ghana’s parliament has narrowly approved the proposed 2023 budget,…
Indian billionaire Adani is now NDTV’s biggest shareholder
The news network’s takeover has raised fears that one of the country’s last bastions of free press is under threat.Indian billionaire Gautam Adani’s conglomerate has raised its…
US consumers step up spending in October as inflation cooled
United States consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it faces rising…
US revises up last quarter’s economic growth to 2.9 percent
Wednesday’s data shows that last quarter’s GDP uptick was led by solid gains in exports and consumer spending.Despite high interest rates and chronic inflation, the United States…
India GDP halves in September quarter as COVID distortions fade
Economists warned that growth momentum may ease in the December quarter due to higher interest rates, slowing exports.India has posted annual economic growth of 6.3 percent in its…
With inflation high, US consumer confidence down for second month
November’s figure is the lowest since July and indicates that Americans are taking a more gloomy view of the economy.US consumer confidence fell for the second straight month in…