By Alexander Marrow and Darya Korsunskaya (Reuters) – Russia’s unemployment rate dropped to a record low 3.3% in April, data showed on Wednesday, highlighting the labour shortage that is s[...]
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May 31, 2023
Food-loving French tighten belts as supermarket prices soar
By Leigh Thomas PARIS (Reuters) – France prides itself on taking its food seriously, but many consumers are now tightening their belts or skimping on quality, hit by a record inflation rate that[...]
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U.S. banks saw record deposit declines in Q1 as profits remained steady: FDIC
By Pete Schroeder WASHINGTON (Reuters) – U.S. banks saw total deposits decline by a record 2.5% in the first quarter of 2023, and industry-wide profits were relatively flat after taking into acc[...]
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Column-U.S. banks tighten lending standards to small business and consumers: Kemp
By John Kemp LONDON (Reuters) – U.S. domestic banks reported a widespread tightening of lending standards by the end of the first quarter of 2023 – even before the full impact of the regio[...]
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German inflation drops to lowest level in more than a year
By Maria Martinez BERLIN (Reuters) -Germany on Wednesday joined a list of major euro zone economies reporting a bigger than expected drop in inflation, suggesting that price growth may be falling more[...]
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Default wave imminent, will peak in 2024- Deutsche Bank
LONDON (Reuters) – A wave of debt defaults by companies in the United States and Europe is imminent, due in part to the fastest monetary tightening cycle in 15 years, Deutsche Bank said in its a[...]
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U.S. job openings rise to 10.103 million in April
May 31 (Reuters) – U.S. Labor Department report of job openings and labor turnover, seasonally adjusted. Rates (percent) Apr 2023 Mar 2023 Apr 2022 Job openings (1) 6.1 5.9 (r) 7.2 Hires (2) 3.9[...]
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Debt ceiling bill will pass, No. 3 U.S. House Republican says
(Corrects to describe bill as bipartisan, not Republican) WASHINGTON (Reuters) – The U.S. House of Representatives will have the votes needed to pass a bipartisan debt ceiling bill later on Wedn[...]
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Turkish central bank signals to banks it may soften measures -bankers
By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank signalled at a meeting with senior bankers that it would respond positively to the banks’ requests to soften some measur[...]
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