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Reuters · 3 months ago

China's Manufacturing Activity Contracts in July as Weak Demand Raises Growth Concerns

China's factory activity returned to contraction in July as weaker domestic and export demand weighed on manufacturing. The latest PMI data highlights growing concerns over slowing economic growth and increasing pressure for additional policy support.

Reuters · 3 months ago

Boston Scientific Launches Restructuring Plan, Signals Workforce Reductions Through 2029

Boston Scientific has approved a multi-year restructuring program that includes supply chain changes, manufacturing shifts, and organizational adjustments. The company expects some job cuts while continuing to hire in expanding business areas.

Reuters · 3 months ago

Porsche Plans to Reduce Workforce by 9,000 by 2035 Amid China Market and EV Challenges

Porsche will cut about 9,000 jobs by 2035 through voluntary measures as the company restructures to address weaker demand in China and challenges in its electric vehicle business.

Reuters · 3 months ago

Australia Adds Far More Jobs Than Expected in June as Rate Hike Outlook Strengthens

Australia's employment rose by 76,300 in June, far surpassing forecasts, while unemployment held at 4.4%, reinforcing expectations of another Reserve Bank of Australia interest rate increase.

Reuters · 3 months ago

Australia Adds Far More Jobs Than Expected in June, Keeping Rate Hike Expectations Alive

Australia's employment surged by 76,300 jobs in June, far exceeding expectations, while unemployment held steady at 4.4%. The stronger labour market reinforced market expectations that the Reserve Bank of Australia could raise interest rates again this year.

Reuters · 3 months ago

Macquarie Names Greg Ward as Next CEO Following Shemara Wikramanayake's Retirement

Macquarie Group has selected veteran executive Greg Ward to become its next CEO after Shemara Wikramanayake announced her retirement. Investors see the appointment as a continuation of the bank's existing long-term strategy.

Reuters · 3 months ago

Labour Market Strength and Fed Inflation Focus Remain Key Themes for Investors

Economists are closely monitoring the U.S. labour market and the Federal Reserve's inflation framework, with employment trends and policy targets expected to influence upcoming monetary decisions.

Reuters · 3 months ago

Global Stocks Slip as Oil Prices Climb Amid Iran Tensions and Earnings Watch

Global stock markets declined while oil prices advanced as investors tracked Middle East developments and awaited earnings from major U.S. companies. Markets also focused on upcoming central bank meetings.

Reuters · 3 months ago

Samsung Reduces U.S. Consumer Electronics Workforce as Headquarters Moves to Texas

Samsung Electronics has reduced jobs within its U.S. consumer electronics business as Samsung Electronics America relocates its headquarters from New Jersey to Texas. Most affected employees received relocation offers, while others left the company.

Reuters · 3 months ago

Verizon to Divest 274 Retail Stores and Cut Around 500 Corporate Positions

Verizon will sell 274 company-owned retail stores and eliminate about 500 corporate jobs as part of its restructuring plan, while continuing efforts to strengthen its retail network and customer experience.

Reuters · 3 months ago

China's second-quarter growth slows to a three-and-a-half-year low as domestic demand remains weak

China's economy expanded 4.3% in the second quarter, marking its slowest growth in more than three years as weak consumer spending and slowing investment offset strong exports.

Reuters · 3 months ago

China's Economy Slows in Second Quarter as Weak Consumer Spending Raises Concerns

China's economic growth slowed to a three-and-a-half-year low in the second quarter as weak consumer spending and slowing investment offset strong exports and manufacturing activity.

Reuters · 3 months ago

Volkswagen Plans Major Capacity and Model Lineup Cuts Amid Ongoing Restructuring

Volkswagen will reduce its model lineup and production capacity as part of a restructuring plan aimed at addressing rising costs, weaker profitability, and changing market conditions

Reuters Breakingviews · 3 months ago

Japan’s Long-Term Growth Strategy Faces Workforce Challenge

Japan's ambitious growth plan is expected to face significant labour shortages as the country's workforce declines, increasing pressure for stronger productivity and immigration reforms.

Reuters · 3 months ago

IMF Trims 2026 Global Growth Outlook to 3%, Expects Recovery in 2027

The IMF has lowered its 2026 global growth forecast to 3.0%, citing geopolitical tensions, trade fragmentation and AI-related risks, while expecting economic growth to strengthen in 2027.

Reuters · 3 months ago

Fed June Minutes Show Growing Inflation Concerns and Split Views on Future Rate Moves

Minutes from the Federal Reserve's June meeting show policymakers were increasingly concerned about inflation, with officials divided over whether future interest rate increases may be needed.

Reuters · 3 months ago

Key Questions Surround Volkswagen's Major Restructuring Plan Ahead of Supervisory Board Meeting

Volkswagen's board will review a sweeping restructuring proposal that includes potential plant closures, job reductions, and corporate restructuring as the automaker seeks to address mounting business challenges.

Reuters · 3 months ago

US Services Activity Slows in June as Hiring Picks Up Again, ISM Survey Shows

U.S. services sector growth slowed in June as new orders eased, while employment recovered after three months of contraction, according to the latest ISM survey.

Reuters · 3 months ago

Microsoft to Eliminate 4,800 Jobs as It Restructures Xbox Business

Microsoft will cut 4,800 jobs globally and restructure its Xbox business, including changes to several game studios, as it continues investing heavily in AI and streamlining operations.

Reuters · 3 months ago

Dow closes at record high as weak U.S. jobs report lifts rate hopes; Nasdaq falls on chip stock slide

The Dow reached a record closing high after weaker-than-expected U.S. jobs data lowered expectations for near-term interest rate hikes. Meanwhile, losses in semiconductor stocks pushed the Nasdaq lower.

Reuters · 3 months ago

Weak June Hiring and Smaller Workforce Could Reignite Fed Debate on Labor Market

A weaker June jobs report and a shrinking U.S. workforce are raising fresh questions about labor market conditions, potentially renewing debate within the Federal Reserve over future policy decisions

Reuters · 3 months ago

Fed Rate Hike Expectations Ease After Weaker U.S. Jobs Growth

Slower-than-expected U.S. job growth has lowered expectations for a Federal Reserve interest-rate increase in July, while markets continue to anticipate a possible move in September.

Reuters · 3 months ago

US Hiring Cools in June as Payroll Growth Slows and Workforce Participation Declines

U.S. job creation slowed in June, payroll estimates for previous months were revised lower, and labor force participation fell to its lowest level in more than five years.

Reuters · 3 months ago

World Bank approves $1.25 billion support package for Nigeria's 2026–2032 development strategy

The World Bank has approved a $1.25 billion financing package to support Nigeria's 2026–2032 development strategy, with a focus on jobs, private investment, and expanded access to essential services.