Where is Team Recession now? With new, surprisingly good job numbers for September showing Fed Chair Jerome Powell and his colleagues on the cusp of sticking that soft landing, the US unemployment rate—amid fears the central bank waited too long to cut rates—actually went down. US job growth last month topped all estimates and wage…
Smoke rises from a building destroyed by an Israeli airstrike as journalists and local residents visit during a press tour on October 2, 2024 in Beirut, Lebanon. Daniel Carde | Getty Images LONDON — European stocks moved lowered Thursday as conflict in the Middle East weighs on regional investor sentiment. The pan-European Stoxx 600 was…
China and Brazil on Friday sought to advance their long-standing bid to mediate peace between Russia and Ukraine on the sidelines of the United Nations General Assembly, a diplomatic effort marked by broad objectives yet few specifics. Chinese Foreign Minister Wang Yi voiced hope that the international community would convene a peace conference with a…
The United States and France have said they were given advance notification of China’s intercontinental ballistic missile test this week while other countries, including Japan, Australia and New Zealand, have asked for an explanation from China. The US said the warning had helped to “avoid miscalculation” and was “step in the right direction”, but it…
The United States and France are working on a temporary 21-day ceasefire between Israel and Hezbollah, French Foreign Minister Jean-Noel Barrot told the United Nations Security Council on Wednesday. “In recent days, we have worked with our American partners on a temporary ceasefire platform of 21 days to allow for negotiations,” Barrot told the…
A balcony above a trading floor inside the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. Nathan Laine | Bloomberg | Getty Images LONDON — European stocks were slightly lower Wednesday, paring gains from the previous session on the back of Chinese stimulus measures. The pan-European Stoxx 600 traded around 0.1%…
A French photojournalist working for the Associated Press in Hong Kong was denied entry to the city earlier this month, the Post has learned. A source said Louise Delmotte was questioned by authorities when she arrived at the city’s airport as a tourist on September 14. She was then turned away and repatriated to France….
Steel worker at the blast furnace tap of the at the Salzgitter AG steelworks on March 02, 2020 in Salzgitter, Germany. Maja Hitij | Getty Images News | Getty Images Europe looks to be heading toward a downturn as its biggest economies, Germany and France, battle political and economic woes at home. Business activity in…
In European Union circles, last week will be remembered for European Commission President Ursula von der Leyen’s consolidation of her position as the most powerful politician in Brussels. She vanquished her rivals and pitted her new commissioners against each other in a grand reshaping of the bloc’s executive functions, blurring the lines of reportage and…
Egypt’s reported purchase of Chinese fighter jets is a sign of Beijing’s increasing leverage in the Middle East as the region tries to diversify its military procurement to rely less on the United States, analysts have said. According to Bulgarian defence news portal Bulgarian Military, the Egyptian defence ministry reportedly placed its first order for…