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Top StoriesIrish domestic economy returns to growth in first quarter
Top StoriesStocks surge in asia as US averts default, fed pause bets rise
Top StoriesLow unemployment amongst young driving demand, says JD sports boss
Top StoriesVolvo cars to axe 1,300 jobs as it steps up cost cuts
German economy likely grew in Q1, beating expectations – bundesbank
Date: April 24, 2023
German economy likely grew in Q1, beating expectations – Bundesbank FRANKFURT (Reuters) – The German economy is likely to have expanded in the last quarter on a rebound in industrial production, the Bundesbank said in a monthly report on Monday, revising its previous prediction of a small contraction. The euro zone’s biggest economy has struggled...
UK unemployment edges up but pay growth beats forecasts
Date: April 18, 2023
UK unemployment edges up but pay growth beats forecasts By David Milliken LONDON (Reuters) -Britain’s unemployment rate rose unexpectedly in the three months to February but pay growth stayed higher than forecast, highlighting the dilemma for the Bank of England (BoE) as it judges whether to raise interest rates further. The Office for National Statistics...
Euro zone consumers more optimistic on inflation, ECB survey shows
Date: April 4, 2023
FRANKFURT (Reuters) – Euro zone consumers cut their inflation expectations in February and also took a more optimistic view on growth and unemployment, a fresh survey by the European Central Bank showed on Tuesday. Euro zone inflation has started to edge down from record highs around the turn of the year and further big falls...
Meta plans to cut thousands of jobs as soon as this week – Bloomberg news
Date: March 7, 2023
(Reuters) -Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce. The new round of job cuts is being driven by financial targets and is separate...
Italy jan jobless rate edges up to 7.9%, with 35,000 jobs created
Date: March 2, 2023
ROME (Reuters) – Italy’s unemployment rate rose slightly to 7.9% in January from an unrevised 7.8% the month before, national statistics bureau ISTAT said on Thursday. A Reuters survey of analysts had forecast a jobless rate of 7.8%. In January the youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 22.9%...
Nike, adidas shoe supplier pou chen to slash 6,000 jobs in Vietnam -sources
Date: February 21, 2023
HANOI (Reuters) -Taiwan’s Pou Chen Corp, the world’s largest maker of branded sports footwear, plans to cut around 6,000 jobs at its Ho Chi Minh City plant in Vietnam due to weak demand, two local officials familiar with the company’s plans said on Tuesday. The firm’s Pouyuen Vietnam factory will cut 3,000 jobs this month...