By Ismail Shakil OTTAWA (Reuters) -Canada’s economy added far more jobs than expected in April and the jobless rate stayed near a record low for a fifth consecutive month in a show of continued labor market resilience despite signs of an economic slowdown, data showed on Friday. The economy gained a net 41,400 jobs in…
By Hilary Russ NEW YORK (Reuters) – More job seekers are filling out applications to sling Big Macs at McDonald’s, and Starbucks baristas are staying in their jobs longer, as a cooling economy sends workers back to low-wage restaurant gigs and keeps them there. “We’re seeing the labor situations improving,” McDonald’s Chief Executive Chris Kempczinski…
MOSCOW (Reuters) – Residents of Moscow reported problems using satellite navigation in cars and on mobile devices this week, as the Kremlin stepped up security for the annual Victory Day parade on Red Square on May 9. Maps from the GPSJam website showed a “high level” of Global Positioning System interference across Moscow on Wednesday…
(Reuters) – Republic First Bancorp said on Friday it cut jobs in its commercial lending unit as the lender prepares to exit its mortgage origination business. The Philadelphia-based regional bank said high costs of running a mortgage origination platform were not allowing it to improve its profitability and sharpen focus on core businesses. The layoffs…
By Mike Stone WASHINGTON (Reuters) – The drones that crashed over the Kremlin earlier this week probably evaded an extensive number of defenses in and around Moscow, suggesting they might have been launched from inside Russia, U.S.-based drones experts said. Footage of the unmanned aircraft has sent governments and open source intelligence analysts on a…
NAIROBI (Reuters) -Kenyan President William Ruto on Friday appointed a commission of inquiry into the deaths of more than 100 people believed to have starved themselves to death, while a court ordered that their alleged cult leader remain in prison. Kenyan authorities say the dead were members of the Good News International Church led by Paul…
ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time in a year, but is still some 20% down on a record high hit in March 2022 following Russia’s invasion of Ukraine. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food…
SYDNEY (Reuters) – Australia’s government is set to cut its forecasts for inflation while also predicting lower unemployment for longer in 2023/24 budget next week, a mix that it hopes will generate much-needed growth in real wages. Treasurer Jim Chalmers will now forecast unemployment of 3.5% for the June quarter of this year and 4.25%…
SYDNEY (Reuters) – Australia’s government is set to cut its forecasts for inflation while also predicting lower unemployment for longer in 2023/24 budget next week, a mix that it hopes will generate much-needed growth in real wages. Treasurer Jim Chalmers will now forecast unemployment of 3.5% for the June quarter of this year and 4.25%…
By Felix Light, Caleb Davis and Andrew Osborn (Reuters) -Yevgeny Prigozhin, leader of Russia’s Wagner Group mercenary force, said in a dramatic announcement on Friday that his forces would pull out of the Ukrainian city of Bakhmut that they have been trying to capture since last summer. Prigozhin said they would withdraw on May 10…
