Economy

Economy News

Myanmar lost 1.6 million jobs in 2021 amid COVID, coup: ILO

International Labour Organization says Southeast Asian country’s labour market remains fragile after tumultuous year. Myanmar lost about 1.6 million jobs in 2021 amid the combined shocks of the COVID-19 pandemic.

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Economy News

Locking down homes, Hong Kong takes COVID lesson from Beijing

Residents in the city prevented from leaving apartments as authorities race to halt spread of Omicron. By Rachel Cheung Hong Kong, China – Collecting sewage samples, mandatory mass-testing and sealing off residential.

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Economy News

“Zero capitulation in equity positioning” despite selloff -BofA

LONDON (Reuters) – Investors are undeterred by the recent selloff on Wall Street and have continued to snap up stocks, BofA commented in its weekly flow show report which showed.

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Economy News

S&P 500 flirts with correction for fifth time on rate hike worries

By Devik Jain and Bansari Mayur Kamdar (Reuters) – The S&P 500 index was closing in on a correction on Friday for the fifth time this week on worries about a series.

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Economy News

Brazil rates set to soar further as US Fed prepares for lift-off: Reuters poll

By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank is set to deliver a third consecutive 150 basis point rate rise on Wednesday in a bid to minimize risks.

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Economy News

Argentina strikes breakthrough deal with IMF in $45 billion debt talks

By Agustin Geist, Nicolás Misculin and Adam Jourdan BUENOS AIRES (Reuters) – Argentina has struck an agreement in principle with the International Monetary Fund over a new $44.5 billion standby.

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Economy News Technology

Tesla posts record earnings, sees supply chain issues ahead

Shares of the electric vehicle company fell 2.7 percent in after-hours trading. Tesla Inc on Wednesday expected supply chain issues to continue through this year, after posting record quarterly revenue that.

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Economy News

Prepare for liftoff: Fed signals March interest rate hike

The US Federal Reserve left interest rates unchanged, but Powell said the Fed is ‘of a mind’ to raise them in March. By Patricia Sabga The steward of the United States.

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Economy News Technology

South Korea puts CEOs on notice with contentious work safety law

Legislation holding management liable for accidents has been praised by unions and criticised by business groups. By Steven Borowiec Seoul, South Korea – In South Korea, “business as usual” is set to.

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Economy News

Q4 GDP; Apple, Tesla Earnings; Dollar Surges – What’s Moving Markets

By Geoffrey Smith  Investing.com — Global markets steady after initially falling in response to the Federal Reserve’s press conference on Wednesday. U.S. fourth-quarter GDP and weekly jobless claims numbers are.

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