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Top StoriesAfter fleeing war, ukrainians struggle to settle around Europe
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Top StoriesStocks seesaw, oil up as investors await jobs report
Top StoriesEuropean shares retreat on recession fears; focus on U.S. jobs data
Italy forecasts recession as meloni seeks economy minister
Date: October 3, 2022
By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s economy probably shrank in the third quarter and will keep contracting until mid-2023, according to Treasury forecasts that will make grim reading for Giorgia Meloni, the rightist leader expected to be named prime minister this month. The forecasts indicate the euro zone’s third-largest economy, hit by...
Greek economic rebound to slow next year as energy costs curb growth- draft budget
Date: October 3, 2022
By Lefteris Papadimas and Renee Maltezou ATHENS (Reuters) -Greece’s economy is projected to grow at a slower pace next year after a strong rebound this year thanks to tourism, as soaring energy costs and inflation are expected to curb domestic demand and exports. The country’s economic output is seen increasing by 2.1% next year from...
UK job vacancies fall to post-pandemic levels, REC says
Date: September 30, 2022
LONDON (Reuters) – British job vacancies dropped to the lowest level since the COVID-19 pandemic last week, a sign of a further weakening in the labour market that has been cooling since July, according to data from the Recruitment & Employment Confederation (REC). There were 143,000 new job postings in the week of Sept. 19-25,...
Factbox-Companies cut jobs, freeze hiring to prepare for economic slowdown
Date: September 28, 2022
(Reuters) – Technology companies, crypto exchanges and financial firms are cutting jobs and slowing hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe. In a sign of a tough second half of the year, growth in the world’s largest economy, the United States, shrank for...
Fed delivers another big rate hike; powell vows to ‘keep at it’
Date: September 22, 2022
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell vowed on Wednesday that he and his fellow policymakers would “keep at” their battle to beat down inflation, as the U.S. central bank hiked interest rates by three-quarters of a percentage point for a third straight time and signaled that borrowing costs...
UK long-term sickness rate rises to highest since 2005
Date: September 13, 2022
By David Milliken LONDON (Reuters) – The proportion of Britain’s workforce too sick to work has jumped to its highest since 2005, which economists say is likely due to a mix of long COVID and greater difficulty in accessing health care since the start of the pandemic. A record 2.464 million people aged 16-64 gave...