U.S. new home sales beat expectations in August

FILE PHOTO: A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood near the Space Needle in Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen DuceyWASHINGTON (Reuters) – Sales of new U.S. single-family homes rose more than expected in August, but there are signs that housing market momentum is slowing as… Continue reading U.S. new home sales beat expectations in August

U.S. business borrowing for equipment rises 21% in August – ELFA

FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon(Reuters) – Borrowings by U.S. companies for capital investments rose 21% in August from a year earlier, the Equipment Leasing and… Continue reading U.S. business borrowing for equipment rises 21% in August – ELFA

BOJ keeps policy steady, offers gloomier view on exports and output

FILE PHOTO: A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO (Reuters) – The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and factory output, as… Continue reading BOJ keeps policy steady, offers gloomier view on exports and output

‘Wake up call!’ German minister demands EU learn from Brexit Britain’s Aukus deal

AUKUS deal: Macron ‘looks ridiculous’ says Nigel Farage We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info European Affairs Minister Michael Roth said that… Continue reading ‘Wake up call!’ German minister demands EU learn from Brexit Britain’s Aukus deal

Not worth it! Enraged Macron treats UK with ‘contempt’ in ‘deliberate slight’ over US row

French ambassadorial recall discussed by Mark Urban We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The French President was reportedly incandescent with rage… Continue reading Not worth it! Enraged Macron treats UK with ‘contempt’ in ‘deliberate slight’ over US row

Brexit LIVE: Remainer uproar as imperial units return – ‘No idea what anything weighs!’

Who is in Boris Johnson’s new cabinet? We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Pubs will also be permitted to sell pints… Continue reading Brexit LIVE: Remainer uproar as imperial units return – ‘No idea what anything weighs!’

Brexit triumph as Lord Frost delivers ‘best news of the year’ – but there is a catch

David Frost explains importance of ‘having control’ on rules We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info However, the peer also suggested there… Continue reading Brexit triumph as Lord Frost delivers ‘best news of the year’ – but there is a catch

Merkel Leaves the German Economy With Trouble Under the Hood

During her 16 years as Germany’s chancellor, Angela Merkel has become an international avatar of calm, reason and democratic values for the way she handled crises that included a near financial meltdown of the eurozone, the arrival of more than a million migrants and a pandemic. Today Germany is an economic colossus, the engine of… Continue reading Merkel Leaves the German Economy With Trouble Under the Hood

Buying.com (BUY) Lists on P2PB2B Exchange on September 22

eCommerce is one of the most rapidly expanding sectors within the global economy with a forecasted growth of 25% CAGR over the next five years. The desired sub-industry in the sector is hyperlocal last mile delivery. This is essentially localized home delivery in less than 60 minutes. Buying.com operates in 22 states and is growing… Continue reading Buying.com (BUY) Lists on P2PB2B Exchange on September 22

Canada's annual inflation rate in August hits highest in nearly two decades

TORONTO (Reuters) – Canada’s annual inflation rate accelerated to 4.1% in August, the highest since 2003, up from a year-over-year increase of 3.7% in July, Statistics Canada said on Wednesday.FILE PHOTO: A shopper exits a store holding multiple shopping bags in Sherway Gardens mall during the stage two reopening from coronavirus disease (COVID-19) restrictions in… Continue reading Canada's annual inflation rate in August hits highest in nearly two decades

White House welcomes inflation data, still concerned about U.S. housing prices

WASHINGTON (Reuters) – The Biden administration on Tuesday welcomed data showing that consumer prices increased at their slowest pace in six months in August as evidence that inflation would be transitory, citing a drop in auto prices and a deceleration in food price increases.FILE PHOTO: A general view of the White House in Washington, U.S.… Continue reading White House welcomes inflation data, still concerned about U.S. housing prices

From zippers to glass, shortages of basic goods hobble U.S. economy

FLETCHER, N.C. (Reuters) – For Lauren Rash, it’s the little things that have snarled production at her tent factory here, like the many shades of black Velcro.Diamond Brand COO Lauren Rash stands in an aisle of shelves with stockpiled parts as the ‘lean’ supply management has been upended by global shortages and bottlenecks, at Diamond… Continue reading From zippers to glass, shortages of basic goods hobble U.S. economy

Enough! Sefcovic ignores Biden Brexit warning with ‘disruptive’ demands – MP hits out

Brexit: Lord Trimble on his fears over hard Irish border We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info David Jones MP, deputy chairman… Continue reading Enough! Sefcovic ignores Biden Brexit warning with ‘disruptive’ demands – MP hits out

U.S. applications to start a business fall in August

A shopkeeper works inside his retail store as the phase one reopening of New York City continues during the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of New York City, New York, U.S. June 9, 2020. REUTERS/Shannon Stapleton(Reuters) – Applications to start new U.S. businesses declined in August for just the third… Continue reading U.S. applications to start a business fall in August

China's factory inflation hits 13-year high as materials costs soar

BEIJING (Reuters) -China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy.FILE PHOTO: Employees work on the production line of American infant product and toy manufacturer Kids II Inc. at a factory in… Continue reading China's factory inflation hits 13-year high as materials costs soar

US economy not headed for ‘massive slowdown,' portfolio manager says

US consumers sitting on a ‘ton’ of cash: Portfolio manager Federated Hermes portfolio manager Steve Chiavarone argues the U.S. economy is not headed for a ‘massive slowdown’ because consumers are sitting on a ‘ton’ of cash and are ready to spend it. The U.S. economy is not at risk of a recession, or a "massive… Continue reading US economy not headed for ‘massive slowdown,' portfolio manager says

China will maintain prudent monetary policy, says central bank official

FILE PHOTO: Pan Gongsheng, vice governor of the People’s Bank of China (PBOC), attends a news conference during the ongoing session of the National People’s Congress (NPC) in Beijing, China March 10, 2019. REUTERS/Jason LeeBEIJING (Reuters) -China will maintain prudent monetary policy and not resort to flood-like stimulus, said Pan Gongsheng, vice governor of the… Continue reading China will maintain prudent monetary policy, says central bank official

UPDATE 1-Australia's central bank sticks to tapering, but extends timeline

(Adds detail, background, reaction) * RBA keeps rates at 0.1%, to trim bond buying as planned * In dovish twist, extends bond buying programme to February * Expects economy to recover once lockdowns ease SYDNEY, Sept 7 (Reuters) – Australia’s central bank on Tuesday confirmed plans to trim its massive bond buying programme, counting on… Continue reading UPDATE 1-Australia's central bank sticks to tapering, but extends timeline

Relax immigration rules to fix jobs squeeze, companies urge UK

LONDON (Reuters) – Britain must relax its new immigration rules to allow in more foreign workers and ease labour shortages caused by the coronavirus pandemic and Brexit, a leading employers group, the Confederation of British Industry, said on Monday.FILE PHOTO: People walk during the morning rush hour in the financial district of Canary Wharf amid… Continue reading Relax immigration rules to fix jobs squeeze, companies urge UK

Sensex jumps over 200 pts to cross 57K mark in early trade

In tandem, the broader NSE Nifty was trading a tad below the crucial 17,000-mark. Equity benchmark Sensex crossed the 57,000-mark for the very first time, as it jumped over 200 points in early trade on Tuesday, tracking gains in index heavyweights Infosys, HDFC Bank and TCS amid fresh foreign fund inflows. In tandem, the broader… Continue reading Sensex jumps over 200 pts to cross 57K mark in early trade

German inflation hits fresh 13-year high in August

BERLIN (Reuters) -Germany’s annual consumer price inflation accelerated to a fresh 13-year high in August, data showed on Monday, underlining growing price pressures as Europe’s largest economy recovers from the pandemic and companies struggle with supply shortages.FILE PHOTO: Shoppers wear mask and fill Cologne’s main shopping street Hohe Strasse (High Street) in Cologne, Germany, 12,… Continue reading German inflation hits fresh 13-year high in August

U.S. consumer sentiment plummets to near-decade low

FILE PHOTO: A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. REUTERS/Lucy Nicholson/File Photo/File Photo(Reuters) -U.S. consumer sentiment plunged to its lowest level in nearly a decade in August as consumers’ views of their personal financial… Continue reading U.S. consumer sentiment plummets to near-decade low

A race against Covid: How Moderna and Pfizer-BioNTech developed vaccines in record time

Developing a vaccine in less than a year for a novel pathogen had never been done before Covid-19. Three companies did it using a completely novel technology, messenger RNA. CNBC Digital's documentary tells the behind-the-scenes story of how they did it. In this article 22UA-DE PFE MRNA The decision to pivot an entire business to… Continue reading A race against Covid: How Moderna and Pfizer-BioNTech developed vaccines in record time

U.S. corporate profits soar in second quarter; economic growth raised

WASHINGTON (Reuters) – U.S. corporate profits surged to a fresh record high in the second quarter, boosted by robust demand and higher prices, suggesting that an anticipated slowdown in economic growth this quarter because of soaring COVID-19 cases could be temporary.FILE PHOTO: A banner inviting people to apply for open jobs is seen outside a… Continue reading U.S. corporate profits soar in second quarter; economic growth raised