This suppressed spending on travel, restaurants and leisure activities. A spokeswoman for China’s statistics bureau Liu Aihua told reporters the economy should continue its recovery. China was the only major economy last year to report positive growth, with an expansion of 2.3%.
- The Australian share market has given up its early gains to finish basically unchanged after central bankers across the ditch pushed back the timing of interest rate cuts.
- This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.
- The system showed its shortcomings during the pandemic, when a record surge of jobless claims resulted in processing delays.
This material may not be published, broadcast, rewritten, or redistributed. A separate survey from the British Chambers of Commerce suggested, however, that Brexit and COVID-related problems were continuing for exporters, with 41% of firms reporting lower sales in the first quarter. The Deloitte poll, carried out last month, surveyed finance directors from 100 companies including 69 listed firms with a combined market value of £547bn.
Emirates Integrated Telecommunications Company posts 63% rise in first quarter net profit
Surge in commodity prices drives growth in Indonesia Statistics Indonesia reported Friday the country’s economic growth was recorded at 3.51 percent, slower than the previous quarter and below government expectation. The impact began to weigh on prospects for the U.S. economy, adding to negative sentiment in markets. Goldman Sachs said in a research note that it would scale back its projected growth for the economy next year and now expected 2 percent growth in the first quarter, down from 3 percent. Researchers at the bank said Congress could pass some version of the bill, with a focus on manufacturing and supply chain issues.
- The food service company plans to take a greater share of New Zealand’s online food market.
- Economists say the prospect for a year-end rise in the stock market is marred because of news on the Omicron variant.
- May 21, 2024 • With a few clicks of AI software, anyone can conjure the voice or visual likeness of a dead celebrity — or really anyone.
- That has dented U.S. economic growth and led to soaring inflation in the United States.
- Bank of Montreal appointed Blake Jespersen as head of debt capital markets, with Richard Sibthorpe stepping down at the end of June after a decade leading the unit, according to people familiar with the matter.
May 18, 2024 • Disneyland employees in California, including those who perform as characters from Mickey Mouse to Moana, have voted to unionize. May 20, 2024 • Homes are not just where we eat and sleep, but one of the primary ways people build generational wealth in the U.S. But with home shortages and harsh climates, rural America’s path to building that wealth looks a little different than other parts of the country. Today on the show, we focus in on housing challenges in Alabama’s Black Belt and one innovative solution to preserving generational wealth. May 22, 2024 • The Consumer Financial Protection Bureau is requiring buy-now, pay-later lenders to provide the same protections to shoppers as credit card companies do. May 23, 2024 • With IT systems down, staff at Ascension have to use manual processes they left behind some 20 years ago.