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Economic News
China will not accept U.S. ‘theft’ of TikTok: China Daily
SHANGHAI (Reuters) - China will not accept the "theft" of a Chinese technology company and is able to respond to Washington's move to push…
German business morale brightens further in July: Ifo
BERLIN (Reuters) - German business morale improved further in July after posting a record increase in June, a survey showed on Monday,…
U.S. new home sales shine in June; business activity picks up
By Lucia MutikaniWASHINGTON (Reuters) - Sales of new U.S. single-family homes rose to a near 13-year high in June as the housing market…
U.S. weekly jobless claims rise; labor market recovery stalling
By Lucia MutikaniWASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose last week for the first time in…
Russia’s economy contracted 4.2% in first half 2020: Ifax cites economy minister
MOSCOW (Reuters) - Russia's gross domestic product (GDP) declined 4.2% in the first half of 2020, Economy Minister Maxim (NASDAQ:MXIM)…
Japan’s core consumer prices flat, deflation risks remain
TOKYO (Reuters) - Japan's core consumer prices snapped two straight months of declines in June but risks remain for a prolonged economic…
Australia retail sales see record surge in May as economy reopens
SYDNEY (Reuters) - Australian retail sales saw a record surge in May, official data showed on Friday, as a wide scale easing in coronavirus…
German economic rebound from coronavirus gathering pace, data suggests
By Joseph NasrBERLIN (Reuters) - German retail sales rebounded sharply in May and unemployment rose less than expected in June, data…
Japan’s June factory activity extends declines for 14th month: PMI
TOKYO (Reuters) - Japan's factory activity shrank for a 14th straight month in June on sharp reductions in output and new orders, pointing…
Macy’s to lay off 3,900 employees
(Reuters) - Macy's Inc (N:M) said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen…