The reform will raise the retirement age from 62 to 64 Schools, transportation networks and refinery deliveries have been affected Macron: Reform is vital to ensure the continuity of the pension system PARIS (Reuters) – Huge crowds marched across France on Tuesday to say “no” to President Emmanuel Macron’s plan to make people work longer … Read more
Consumer spending fell 0.2% in December personal income increases by 0.2%; The savings rate rose to 3.4%. Core PCE price index rose 0.3%; 4.4% increase year on year WASHINGTON (Reuters) – U.S. consumer spending fell for the second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation … Read more
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corporation (MSFT.O) On Wednesday, it said it would cut 10,000 jobs and charge $1.2 billion in fees, as cloud computing customers reassess their spending and the company prepares for a potential recession. The layoffs, much larger than the cuts Microsoft made last year, are piling up to tens … Read more
DAVOS, Switzerland (Reuters) – Two-thirds of leading public and private economists surveyed by the World Economic Forum expect a global recession in 2023, the organizer of the Davos Forum said on Monday, as business and government leaders gathered. its annual meeting. About 18% considered a global recession “highly likely” — more than double that of … Read more
Nonfarm payrolls elevated 223,000 in December Unemployment fee down to three.5% from 3.6% excessive charges of home staff; Excessive participation fee incomes common hourly earnings of 0.3%; A rise of 4.6% year-on-year WASHINGTON, Jan. 6 (Reuters) – The U.S. financial system added jobs by a robust measure in December, pushing the unemployment fee again to … Read more
