Newly appointed Governor of Turkish Central Bank, Fatih Karahan is seen in Ankara, Turkey on February 04, 2024. Emin Sansar | Anadolu | Getty ImagesTurkey's newly appointed central bank governor Fatih Karahan has his work cut out for him, named to the job by presidential decree over the weekend after...
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic Co-operation and Development said Monday.The Paris-based group estimates that the recent 100% rise in seaborne freight rates could increase import price inflation across its 38...
President of Turkey Recep Erdogan addresses journalists during the final national press conference during the high level NATO summit in Litexpo Conference Centre in Vilnius, Lithuania on July 12, 2023.Dominika Zarzycka | Nurphoto | Getty ImagesIn January, Turkish inflation logged its biggest monthly jump since August with a 6.7%...
Fs Productions | Tetra Images | Getty ImagesBlack men lost ground in the workforce last month, marking a continuation of the disparities that have permeated the U.S. labor market.Black males who were at least 20 years old saw an unemployment rate of 5.3% in January, up from 4.6% in...
Job growth posted a surprise increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth.Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department's Bureau of Labor Statistics reported Friday....
A UPS driver makes a delivery on January 30, 2024 in Miami Beach, Florida. Joe Raedle | Getty ImagesCompanies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor market that will be in sharp focus this year, according to a...
Patrons at sidewalk tables of Janis bar in Cais do Sodre in Lisbon, Portugal.Horacio Villalobos | Corbis News | Getty ImagesEuro zone headline inflation eased slightly in January, flash figures published by the European Union's statistics agency showed on Thursday, while core figures declined less than expected. Annual headline...
A 7-Eleven convenience store has a sign in the window reading "Now Hiring" in Cambridge, Massachusetts, U.S., July 8, 2022. Brian Snyder | ReutersPrivate payroll growth declined sharply in January, a possible sign that the U.S. labor market is heading for a slowdown this year, ADP reported Wednesday.Companies added 107,000...
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year.Hannah Mckay | ReutersLONDON — The U.K. government should not introduce further tax cuts this year, the International Monetary Fund said Tuesday, as its chief economist argued the national budget needed the...
Buildings in Pudong's Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty ImagesThe International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy and fiscal support measures in China.It now sees global growth in...