Huge crowds marched across France, piling pressure on Macron’s pension reform

The reform will elevate the retirement age from 62 to 64 Faculties, transportation networks and refinery deliveries have been affected Macron: Reform is important to make sure the continuity of the pension system PARIS (Reuters) – Large crowds marched throughout France on Tuesday to say “no” to President Emmanuel Macron’s plan to make individuals work … Read more

US labor cost growth is the smallest in a year; Work is constantly tight

The Employment Price Index rose 1.0% within the fourth quarter wages and salaries improve by 1.0%; 5.1% improve year-on-year The Client Confidence Index fell to 107.1 in January Home value inflation slows additional in November WASHINGTON (Reuters) – U.S. labor prices rose at their slowest tempo in a yr within the fourth quarter as wage … Read more

US consumer spending ends 2022 on weaker grounds; slowing inflation

Shopper spending fell 0.2% in December private revenue will increase by 0.2%; The financial savings charge rose to three.4%. Core PCE value index rose 0.3%; 4.4% improve yr on yr WASHINGTON (Reuters) – U.S. client spending fell for the second straight month in December, placing the economic system on a decrease development path heading into … Read more

Davos 2023: Global recession in 2023 seen as likely in World Economic Forum survey

DAVOS, Switzerland (Reuters) – Two-thirds of main private and non-private economists surveyed by the World Financial Discussion board anticipate a world recession in 2023, the organizer of the Davos Discussion board stated on Monday, as enterprise and authorities leaders gathered. its annual assembly. About 18% thought-about a world recession “extremely seemingly” — greater than double … Read more

Analysis: Investors brace for US debt ceiling battle after House Speaker saga

NEW YORK (Reuters) – The turbulent begin to the brand new U.S. Congress has some buyers fearful about what might be a drawn-out battle over elevating the U.S. debt ceiling later this 12 months. The US Treasury is anticipated to achieve the $31.4 trillion borrowing restrict in 2023, and Republicans see this as a chance … Read more