Tag: slows
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US job growth slows but unemployment stays low
Read Latest News Natalie Sherman Business reporter, BBC News Getty Images Job growth in the US slowed last month but unemployment remained low, in a sign of a solid, if more subdued economy. Employers added 143,000 jobs in January, while the unemployment rate slipped to 4% from 4.1%, according to the Labor Department report. The…
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US economic growth slows after sharp trade decline
Read Latest News Charlotte Edwards Business reporter Getty Images Economic growth in the US slowed at the end of last year, as trade declined more sharply than expected and the country was hit by hurricanes and labour strikes. The economy expanded at an annual rate of 2.3% between October and December, down from 3.1% in…
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Euro area cuts rates again as economy slows | Money News
Read Latest News A third successive interest rate cut has been ordered by the European Central Bank (ECB) to help arrest a slowdown across the euro area. The Bank’s governing council said that while its battle against inflation continued to show real progress, it was also acting to help stoke weakening demand in the 20…
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Aston Martin cuts profit forecast again as China demand slows
Read Latest News Aston Martin has announced it is looking to raise cash after it lowered its profit forecast for the second time in two months. The UK luxury carmaker is now expecting to turn a profit of up to £280m ($352m) in 2024 – below last year’s £305.9m. The company, famed for its links…
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Temu owner misses sales forecast as China economy slows
Read Latest News PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an economic slowdown. US-listed shares of the e-commerce giant fell nearly 11% on Thursday following the announcement. It comes after PDD’s main rivals in its home…
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UK economy slows between July and September
Read Latest News The UK’s economy grew by 0.1% between July and September, according to the latest official figures. Growth was lower than expected and the Office for National Statistics said activity was subdued across most industries during the three months. Labour made boosting economic growth its top priority when it came into power, and…
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Unemployment rises as pay growth slows again
Read Latest News The UK’s unemployment rate has risen, official figures suggest, while pay growth continues to slow. The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter. However, the Office for National Statistics (ONS) urged caution over giving too much weight to its latest jobs…
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Jobs growth slows sharply as polling day looms
Read Latest News Jobs growth in the US slowed sharply in October as hurricanes and strikes disrupted the economy. Employers added 12,000 jobs last month, much lower than the 223,000 created in September, according to the Labor Department. But while hiring slowed, the unemployment rate held steady at 4.1%. The closely watched figures, which give…