Switzerland’s unemployment rate inched up to 2.6% in September, marking a slight but noticeable rise from the previous month’s rate of 2.5%, according to a report released by the State Secretariat for Economic Affairs (SECO). The increase was higher than expected, reflecting a rise in the number of unemployed individuals…
The UK construction sector saw substantial growth in September, with the Construction Purchasing Managers’ Index (PMI) rising to 57.2—the highest in 29 months, according to a report by S&P Global and the Chartered Institute of Purchasing & Supply (CIPS). This figure exceeded analysts’ expectations and marked the seventh consecutive month…
The European Commission on Friday announced that it had garnered sufficient backing in a vote among EU members to implement tariffs as high as 45% on imports of electric vehicles manufactured in China, marking the bloc’s most significant trade case and provoking the possibility of retaliation from Beijing. The Commission,…
In a landmark move for Colombia’s financial sector, Banco Caja Social has announced its intention to acquire a 51% stake in Banco W. This significant transaction, which has been reported to the Superintendencia Financiera de Colombia, involves three organizations affiliated with Fundación Grupo Social and is poised to enhance the…
Evgo Inc (NASDAQ: EVGO) is up about 50% on Thursday after a JPMorgan analyst issued a super bullish note in its favour. Bill Peterson upgraded the electric vehicle charging company to “overweight” this morning and said its shares could climb to $7, which translates to about an 80% upside on…
The upcoming September jobs report is anticipated to provide further evidence of a labor market that has cooled in 2024. However, the slowdown is unlikely to be severe enough to prompt a significant interest rate cut from the Federal Reserve in November. Scheduled for release by the Bureau of Labor…
With the holiday season fast approaching, major retailers in the US are preparing for the busiest shopping period of the year. However, despite the usual ramp-up in hiring, there’s a noticeable pullback in the number of seasonal workers being taken on for in-store assistance and online order fulfillment compared to…
The Reserve Bank of India (RBI) is anticipated to keep the repo rate unchanged at 6.5% in its upcoming October 2024 meeting, despite the recent interest rate cut by the US Federal Reserve. The Fed reduced its policy rate by 50 basis points (bps), bringing it down to 4.75-5% for…
Global oil markets are on edge as Goldman Sachs cautions that crude prices could skyrocket by $20 per barrel if Iranian oil production suffers from potential Israeli retaliation following heightened regional tensions. US crude futures surged by 5% on Thursday, with continued upward momentum on Friday, driven by concerns that…
The International Monetary Fund (IMF) has once again urged El Salvador to revisit its approach to Bitcoin and tighten its regulatory framework for the digital currency. During an October 3 press conference, IMF representatives reiterated their concerns about the nation’s decision to make Bitcoin legal tender, calling for reforms in…