sector

Private Sector Added 155,000 Jobs in March, Exceeding Expectations

9 hours ago

According to the latest ADP report, the private sector in the United States added 155,000 new jobs in March 2023, surpassing the projected 150,000 vacancies. This significant increase in employment demonstrates a strengthening economy and confidence in the future of the labor market. It's important to note that this growth comes amid uncertainty in other sectors of the economy, particularly in manufacturing, which is facing various challenges, including rising costs and changes in product demand.

Trump Highlights Manufacturing Boom in First Full Jobs Report of His Second Term

26 days ago

Former President Donald Trump expressed confidence in a significant uptick in the manufacturing sector, referencing the data from the first full jobs report released during his second term. In his recent speech, Trump emphasized that employment trends in the country are showing impressive results, pointing to an increase in jobs within the manufacturing industry. He termed these figures a key indicator of economic growth and stability.

Private Sector Adds Just 77,000 Jobs in February, Well Below Expectations

28 days ago

According to a report from ADP, the private sector in the United States added only 77,000 jobs in February, which came as a sharp disappointment compared to analysts’ expectations. Predictions ranged from 120,000 to 200,000 new jobs, and such low growth raises concerns about the overall state of the economy. In January, revised figures showed an addition of 119,000 jobs, also below initial estimates.

India's August Inflation Remains Below Central Bank's Target

7 months ago

In August 2024, inflation levels in India show a positive trend, staying below the central bank's target of 4%. According to official data, inflation stood at 3.99%, which is 0.8% lower than in July, where it was recorded at 4.8%. The decline in inflation is linked to decreasing food prices, indicating stability in the food sector and successful measures to control prices.

Zimbabwe: Mining Giants Seek $182 Million for Solar Projects

7 months ago

Leaders of Zimbabwe's largest mining companies have approached the government for funding of $182 million to implement solar energy projects. These initiatives aim to generate sustainable energy and reduce the country's dependence on traditional energy sources.

Bank of America Raises Minimum Wage to $24 per Hour

7 months ago

Bank of America has announced an increase in its minimum wage to $24 per hour as part of a plan to reach $25 per hour by next year. This significant raise is aimed at attracting and retaining talented employees in the current competitive labor market. Now, over 90% of the bank's employees will earn above this minimum threshold.

Israel Cuts Growth Forecast Due to Gaza Conflict

7 months ago

The Israeli Ministry of Finance has released a new economic growth forecast, revising it in light of the ongoing events related to the conflict in Gaza. According to the updated data, economic growth for the coming year is expected to be significantly lower than previously projected. The primary factors contributing to this drop include economic upheaval caused by military actions, which have led to decreased consumer activity and a slowdown in investments from both domestic and international businesses.

Central Bank Urges UBS to Increase Capital Levels for Financial Stability

7 months ago

The head of the Swiss National Bank (SNB) has stated that UBS should consider increasing its capital reserves. This warning was made in an interview published in the Swiss newspaper Neue Zürcher Zeitung (NZZ). This recommendation comes in light of recent challenges faced by the financial sector following the pandemic and various market turmoil.

ExxonMobil Launches First Carbon Capture Project on the Gulf Coast

7 months ago

ExxonMobil announced its plans to launch its first carbon capture project on the Gulf Coast in 2025. Located in Texas, this project is part of the company's strategy to reduce carbon emissions and combat climate change.

Logitech: Shareholders Confirm Chair Despite Ouster Campaign

7 months ago

Logitech shareholders at a recent meeting affirmed the chairperson's authority despite active efforts to remove her. This situation has sparked discussions within the manufacturing and technology communities, as many investors expressed dissatisfaction regarding the company's strategy and market behavior.