Spain and Morocco aim to restore the difficult relationship at the Rabat summit

Spain and Morocco aim to restore the difficult relationship at the Rabat summit

Spain and Morocco hold first summit in eight years Relations long strained by illegal migration issue Expected to sign up to 20 trade and investment agreements RABAT, 2 February (Reuters) – Spain and Morocco have agreed to put aside their differences, Spanish Prime Minister Pedro Sanchez said on Thursday, as they seek to mend a … Read more

US weekly jobless claims fall to nine-month low; productivity is gaining speed

US weekly jobless claims fall to nine-month low;  productivity is gaining speed

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates by 3.0% in the fourth quarter Unit labor costs grow 1.1% WASHINGTON, Feb. 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week as the labor market … Read more

Wall Street is recovering as Fed’s Powell nods to slowing inflation after rate hike

Wall Street is recovering as Fed’s Powell nods to slowing inflation after rate hike

The Federal Reserve raises interest rates by 25 basis points Powell says disinflation has begun for the first time Indexes up: Dow 0.02%, S&P 1.05%, Nasdaq 2% Feb.1 (Reuters) – The S&P 500 and Nasdaq closed sharply higher on Wednesday after Federal Reserve Chairman Jerome Powell acknowledged that inflation had begun to ease, in comments … Read more

India increases spending in final pre-election budget

India increases spending in final pre-election budget

NEW DELHI, Feb. 1 (Reuters) – The Indian government on Wednesday announced a budget of $550 billion for the next fiscal year starting April 1, setting out a plan for record investment while limiting the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national election in … Read more

UK teachers and civil servants join mass strike on ‘Walkout Wednesday’

UK teachers and civil servants join mass strike on ‘Walkout Wednesday’

Up to 500,000 people are expected to take part in the British strikes The government says large wage increases will fuel inflation Schools are closed, most trains are not running More strikes involving health workers will follow next week LONDON, Feb. 1 (Reuters) – Up to half a million British teachers, civil servants and machinists … Read more