People walk down the iconic Alcalá street on a very hot afternoon in Madrid, Spain. Miguel Pereira | Getty Images News | Getty Images The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union’s statistics agency showed Wednesday. Economists polled by Reuters had expected growth of 0.2%. following the bloc’s 0.3% expansion in the second quarter. Spain saw one of the highest growth
A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. Natalie Behring | Getty Images Retailers are facing a tough equation as they head into the all-important holiday shopping season — this time over DEI initiatives. Companies are bracing for blowback
US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win. Bitcoin also hit an all-time high, following Trump’s election promise to prioritise the volatile crypto currency. Investors were, however, betting that Trump’s plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest
Passers-by walk in the pedestrian zone of the Bavarian capital. Peter Kneffel | Picture Alliance | Getty Images Germany’s inflation surged to 2.4% in October, back above the European Central Bank’s 2% target, even as the country narrowly avoided a technical recession in the third quarter. The preliminary print, announced by German statistics office Destatis, is harmonized across the euro area for comparability. Analysts polled by Reuters had been expecting
Boeing machinists approved a new labor deal Monday, ending a costly seven-week strike that halted most of the company’s aircraft production, worsening its mounting losses. Machinists voted 59% in favor of the new contract, which includes 38% wage increases over four years and other improvements. The approval is a relief for Boeing’s new CEO, Kelly Ortberg, who took the top job in August to steer the company through its safety
Getty Images Last month’s Budget raised the amount employers will pay in National Insurance Contributions Top pub and restaurant bosses have warned the chancellor that tax rises in last month’s Budget will “unquestionably” cause closures and job losses. In a letter, more than 200 signatories have said the hospitality industry is disproportionately impacted by an “unsustainable” hike in the amount employers pay in National Insurance contributions (NICs). It adds that
Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter. Source link
Republican presidential nominee, former U.S. President Donald Trump welcomes Robert F. Kennedy Jr. to the stage at a Turning Point Action campaign rally at the Gas South Arena on October 23, 2024 in Duluth, Georgia. Anna Moneymaker | Getty Images News | Getty Images Donald Trump has made one clear promise about who could help take up the government’s health reins during his second term as president: notorious vaccine skeptic
Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. Trump sees tariffs as a way of growing the US economy, protecting jobs and raising tax revenue. In the past, he has targeted tariffs at individual countries such as
Private job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday. The payrolls processing firm said companies hired 233,000 new workers in the month, better than the upwardly revised 159,000 in September and far ahead of the Dow Jones estimate for 113,000. ADP said it was the best month for job
