OTTAWA (Reuters) – The Canadian economy added far fewer jobs than expected in April, though the unemployment rate inched down to new record low of 5.2% and the labor market remained very tight, Statistics Canada data showed on Friday. After adding more than 400,000 jobs over the previous two months, Canada added a modest 15,300…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth increased more than expected in April, underscoring the economy’s strong fundamentals despite a contraction in gross domestic product in the first quarter. Nonfarm payrolls rose by 428,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data for March was…
LONDON (AP) — Big tech companies like Google and Facebook parent Meta would have to comply with tough British rules under a new digital watchdog aimed at giving consumers more choice online — or face the threat of big fines. The United Kingdom government on Friday outlined the powers it’s planning for its Digital Markets…
WASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Friday’s jobs report from the Labor Department showed that last month’s hiring kept the unemployment rate at 3.6%, just above the…
(Reuters) -The Russian rouble dropped sharply on Friday, pulling back from a more than two-year high against the euro as the spectre of more sanctions against Moscow hung over markets ahead of a second consecutive long holiday weekend. The European Union’s executive on Wednesday proposed the toughest package of sanctions yet against Russia for its…
MILAN (Reuters) – An Italian appeals court on Friday acquitted all defendants, Deutsche Bank and Nomura over derivative deals that prosecutors say helped Monte dei Paschi di Siena hide losses in one of the country’s biggest financial scandals. The verdict, read in court on Friday by lead judge Angela Scalise, overturned a previous ruling in…
(Reuters) – Under Armour Inc on Friday forecast full-year profit below Wall Street estimates, as the sportswear maker grapples with higher costs related to supply chain disruptions and a hit to its business from renewed COVID-19 curbs in China. Shares of Under Armour were down about 3% in premarket trading after the company reported bleak…
(Reuters) -Russia’s Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country’s top refiner, two traders familiar with the matter told Reuters on Friday. State-owned Rosneft allocated seven 100,000-tonne cargoes loading between May 15 and 31 to IOC, according to the…
SHANGHAI (Reuters) -Tesla is aiming to increase output at its Shanghai plant to 2,600 cars a day from May 16, it said in an internal memo seen by Reuters, as it seeks to restore production to levels before the city locked down to control COVID-19. Tesla, which is now only running one shift, plans to…
By Xie Yu HONG KONG (Reuters) -U.S. regulatory officials have arrived in Beijing seeking to settle a long-running dispute over the auditing compliance of U.S.-listed Chinese firms, three people familiar with the matter told Reuters. The stand-off, if not resolved, could see Chinese firms kicked off New York bourses. This week the U.S. Securities and…
