Shares of Nokia Corp. (NOK) were losing around 6 percent in the morning trading in Finland after the Finnish critical networks and communications company Thursday maintained its fiscal 2022 outlook for net sales in constant currency, as well as comparable operating margin towards the mid-point of expected range. In its […]

At the once-every-five-year Communist Party congress this month, where President Xi Jinping is set to secure rule until at least 2027, policies on the table will help determine how quickly China surpasses the US economy, or whether it ever will. Bloomberg Economics has sketched out four scenarios for China’s economy […]

The UK jobless rate eased unexpectedly to the lowest since 1974 and more people dropped out of workforce making it difficult for businesses to find employees to fill vacancies, official data showed Tuesday. The jobless rate fell to 3.5 percent in three months to August from 3.6 percent in three […]

Many economists believe that the issue about a recession in America is not if one will start but when. JPMorgan CEO Jamie Dimon predicts the downturn will start as soon as six months from now. Former Treasury Secretary Larry Summers forecasted it would happen sooner. Summers also says U.S. unemployment […]

The Albanese government’s proposed change on franking credits, if it becomes law, will raise only $10 million a year. This leads to the question; why bother, given Labor’s proposed changes to franking credits were one of the reasons it lost the 2019 election? The draft legislation released by Treasury for […]

For several months, the two most prominent news headlines about jobs were the decline in unemployment and how hard it has been for companies to find workers at reasonable compensation rates. People could quit their jobs and find better ones elsewhere. People resigned at the highest pace in Georgia, and […]

Consumer sentiment in the U.S. improved by less than initially estimated in the month of September, according to revised data released by the University of Michigan on Friday. The University of Michigan said the consumer sentiment index for September was downwardly revised to 58.6 from the preliminary estimate of 59.5. […]

Illinois has now started to send out income and property tax rebates to eligible taxpayers. About six million residents are estimated to receive the Illinois tax rebates, but it could take some time for the authorities to send the payment to all eligible taxpayers. In the meantime, eligible taxpayers can […]

Next Plc (NXT.L) said it had a good first half, with overall sales ahead of expectations, driven by the over-performance of Retail stores and a strong performance from the formal parts of clothing ranges. Sales were stronger than anticipated and they delivered better than expected profits, the Group noted. Profit […]

It’s an outstanding feature of the modern economy: the multitude of people who could do a far better job of running interest rates than the fool they’ve got doing it at the moment. Welcome to the inquiry into the performance of the Reserve Bank. One small problem. About half governor […]