Spain and Morocco want to reset their difficult relations at the summit in Rabat

Spain and Morocco want to reset their difficult relations at the summit in Rabat

Spain and Morocco hold their first summit in eight years Relations long strained by the issue of illegal immigration Expected to sign up to 20 trade and investment agreements RABAT, Feb 2 (Reuters) – Spain and Morocco have agreed to put aside their differences, Spanish Prime Minister Pedro Sanchez said on Thursday, as they seek … Read more

US weekly jobless claims fall to nine-month low; productivity speeds up

US weekly jobless claims fall to nine-month low;  productivity speeds up

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month … Read more

Wall Street plunges as Fed decision looms; AMD bolsters chipmakers

Wall Street plunges as Fed decision looms;  AMD bolsters chipmakers

Fed rate decision expected at 2:00 p.m. ET AMD expects a strong second half of 2023 Amgen weighs on Dow as fourth quarter revenue drops slightly EA collapses bookings view and splits slide Indices down: Dow 0.64%, S&P 0.26%, Nasdaq 0.15% Feb 1 (Reuters) – U.S. stock indexes fell on Wednesday ahead of the Federal … Read more

India increases spending in latest budget before election

India increases spending in latest budget before election

NEW DELHI, Feb 1 (Reuters) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year which starts on April 1, with a record capital spending plan while containing the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national vote in 2024, … Read more

UK teachers and civil servants join biggest strikes in years on ‘Walkout Wednesday’

UK teachers and civil servants join biggest strikes in years on ‘Walkout Wednesday’

Up to 500,000 people expected to join UK strikes Government says steep pay rises will fuel inflation Schools will close, most trains will not run More strikes involving health workers planned for next week LONDON, Feb 1 (Reuters) – Up to half a million British teachers, civil servants, train drivers and university professors walked off … Read more

Germany’s economy contracts unexpectedly in the fourth quarter, raising the specter of recession

Germany’s economy contracts unexpectedly in the fourth quarter, raising the specter of recession

Q4 GDP at -0.2% Q/Q vs forecast of 0.0% Decrease mainly due to lower private consumption Economists say a mild recession is likely BERLIN, Jan 30 (Reuters) – Germany’s economy contracted unexpectedly in the fourth quarter, data showed on Monday, a sign that Europe’s biggest economy may be heading into a much-anticipated, albeit less likely, … Read more

Asian stocks turn wary as rates rise and earnings loom

Asian stocks turn wary as rates rise and earnings loom

https://tmsnrt.rs/2zpUAr4 The Fed increased by 25 basis points this week, the ECB and the BOE by 50 basis points Tech giants top earnings results China splits shares as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian stocks turned wary on Monday ahead of a week that is certain to see interest rates rise in … Read more