Labor Market Shifts Into Reverse as Employers Balk at Hiring
A spring surge rapidly faded as the summer brought higher prices and more uncertainty for businesses, even as they avoided layoffs.
Weak Jobs Report Does Not Eliminate Prospects of Interest Rate Rise
Officials at the Federal Reserve are chiefly focused on the trajectory of inflation after five years of overshooting the central bank’s 2 percent target.
The typical gig worker is changing – and struggling more than ever to make ends meet
The number of gig workers on public benefits has surged in recent years. AP Photo/John MinchilloThe next time you call an Uber ride or order food delivery with an app, there’s a good chance that the gig worker you meet is getting government benefits.
UK housing market in ‘suspended animation’
Lloyds’ data shows house prices were unchanged in July as higher mortgage rates stretch affordability
Trade deficit continues to drop, falling by 5% in H1
Greece’s trade deficit continued its sharp decline in June with an 18.1 percent year-on-year (YoY) drop, after a fall of 15.7 percent in May, according to data released by ELSTAT on Friday.
CPI slows to 3.4% YoY in July as energy effects moderate
Greece’s Consumer Price Index (CPI) growth further decelerated in July with a rise of 3.4 percent year-on-year (YoY), from 4.4 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
UK manages record share of assets on behalf of overseas clients
New data helps dispel worries over London’s status as a world-leading financial centre
MFS collapse prompts UK watchdog to crack down on financial crime
FCA demanding more information around fraud risks from unregulated entities in wake of mortgage lender scandal
Cyprus faces critical August test as UN pushes for diplomatic results in peace talks
August is traditionally considered a quiet month for diplomacy in Europe. In Cyprus, however, the coming weeks could determine whether the renewed international mobilisation around the island develops into the first serious attempt in years to restart negotiations — or ends as yet another diplomatic exercise without substantive results.
Government seeks fiscal leeway over energy investments, launches farming subsidy app
Greece has formally requested to activate the EU’s energy escape clause, while the government also launched on Thursday the MyAgro platform, which Prime Minister Kyriakos Mitsotakis presented as a decisive break with the opaque practices exposed in the OPEKEPE scandal.
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