Economic

GDP reports will show how both economies performed during a period marked by sharp rise and rapid fall in Covid-19 cases, surging inflation and the start of ...

- Opinion: The Stakes in the Battle for the Donbas - Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service.

We'll send you a myFT Daily Digest email rounding up the latest Global Economy news every morning. How much has US economic growth slowed? The US ...

Irish lamb and sheep meat will have full access to the American market under a new agreement reached between Ireland and the United States department of ...

Plus: Sixty years after it first launched, Golden Discs is opening a brand-new concept store POP! at their flagship Dundrum Town Centre retail unit, to coincide with Record Store Day 2022. The value of the deal was not disclosed, although it is understood to be a significant eight-figure sum. Irish fintech Fenergo has made its first acquisition, scooping up Amsterdam-based Sentinels and strengthening its ability to help customers tackle financial crime.

Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves ...

In their rush to keep up, retailers and other shippers focused on speed over efficiency - using more trucks and exacerbating demand for them. Deutsche Bank earlier this month predicted interest rate hikes will tip the United States into recession next year. Register now for FREE unlimited access to Reuters.com Croke said of the demand-led decline. Average first-quarter spot rates, excluding fuel, dove 55 cents from $2.78 per mile in mid-January to $2.23 on April 14. Is that the floor? "So for every dollar (of pay), I was pocketing 70 cents. Economic recessions followed six of the 12 trucking recessions since 1972, according to an analysis by trucking data company Convoy. A few years ago, California-based Padilla spent 25-30 cents per mile to run his truck. History has proven trucking to be a possible indicator for the U.S. economy. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

The European Union has wholly failed to coordinate a European economic strategy that minimises dependence on Russia.

To achieve the strategic cooperation required to safeguard our gas supplies, we need an inclusive but action-orientated alliance that is unencumbered by extraneous distractions like trying to build a superstate. The MidCat pipeline would have allowed these alternative sources of gas to flow from the Iberian peninsula into France and the rest of Europe, reducing reliance on Russian gas. International bodies like the IMF and OECD need to be asked if they could have done more to anticipate and prepare for the current crisis. The model is therefore NATO, not the EU. But who would take the initiative to build a new institution? Was it (a) to clean-up and diversify the continent’s energy supplies or (b) to pursue a horrendously complicated, but wholly unnecessary, experiment with monetary union? But they’re not the only ones that need to be held accountable. Belatedly, the French authorities have realised that there’s more than mere commercial interest at stake and changed their minds. We’d demand to know why NATO had left us militarily defenceless, and there’d be calls to disband the organisation for failing in its basic responsibilities. I’m all for free trade – but not at the cost of surrendering the commanding heights of our economy to potentially hostile foreign powers. After the horrors of Bucha, the people of every NATO country should be grateful for the protection that this security umbrella provides. Even if we manage to exclude non-western companies from our most sensitive infrastructure projects, we still face the fact that we’ve exported our manufacturing base to the Far East without thinking through the consequences. Far from being moribund, NATO has proven itself to be the indispensable international body.

By Lisa Baertlein (Reuters) - Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transport...

In their rush to keep up, retailers and other shippers focused on speed over efficiency – using more trucks and exacerbating demand for them. Deutsche Bank earlier this month predicted interest rate hikes will tip the United States into recession next year. Economic recessions followed six of the 12 trucking recessions since 1972, according to an analysis by trucking data company Convoy. Average first-quarter spot rates, excluding fuel, dove 55 cents from $2.78 per mile in mid-January to $2.23 on April 14. “That’s where the fear is. History has proven trucking to be a possible indicator for the U.S. economy. Now it costs $1 a mile,” said Padilla. Is that the floor? A few years ago, California-based Padilla spent 25-30 cents per mile to run his truck. “It is the proverbial ‘canary in the mineshaft’,” said Joseph Rajkovacz, director of governmental affairs for the Western States Trucking Association. The group represents small trucking companies that dominate the spot market, which handled as much as 30% of freight during the height of the pandemic. There has been an unexpectedly sharp downturn https://tmsnrt.rs/3vviZY0 in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs – known as the spot market – are skidding. “It basically just dropped off a cliff,” said Fuller, who is concerned that the United States is at the start of a trucking recession that could decimate truckers’ ability to dictate prices and push some small trucking firms into bankruptcy.

Tech company earnings: Technology giants including Microsoft, Alphabet, Meta, Amazon and Apple are set to publish their financial performance reports for ...

Oil company earnings: Exxon Mobil and Chevron will report their financial performance reports for the first three months of the year. Tech company earnings: Technology giants including Microsoft, Alphabet, Meta, Amazon and Apple are set to publish their financial performance reports for the first three months of the year. Economists will be looking for details on how higher inflation is impeding consumers from spending and on the overall economy.

The economic news of late has largely focused on the impact on Americans at the gas pump and grocery store in the context of ever rising inflation.

All of which suggests that Ukrainian war has complicated the efforts to reduce inflation in a variety of ways and forced uncomfortable trade-offs in the process, which Western policymakers refuse to confront, as they continue to arm Ukraine and thereby perpetuate these very contradictions. Indeed, there is disturbing new evidence to suggest that an inflationary psychology, long dormant, is beginning to take hold again, particularly in the U.S. Home prices are up 32.6 percent over the past two years and housing affordability is the worst it has been for first-time buyers since 2007. Firms readily pass along higher costs to consumers, including the future cost increases that they anticipate. But how to make up the shortfall to alleviate sharp rises in energy and food? Less discussed is how the Biden Administration’s geopolitical goals and positioning (sanctions, fueling resistance in Ukraine, pressuring countries to join the coalition sanctioning Russia) are colliding with and causing more economic volatility, as well as undermining other goals, such as the efforts to mitigate the effects of climate change. Both Algeria and Qatar, two major suppliers of natural gas, do not have adequate capacity, and as far as U.S. exports go, Jack Fusco, chief executive of Houston-based Cheniere, has suggested that it will take up to five years to meet the anticipated demand from the EU. He didn’t cause the degradation of American social capital through the persistent resort to offshoring over the past 40 years , which has reduced the pool of skilled labor and further diminished its supply. “Consumers purposely advance their purchases in order to beat anticipated future price increases. Until recently, inflationary concerns were generally dismissed by western fiscal and monetary officials as “transitory.” Most central banks have now discarded that canard. As for other alternatives, coal prices are soaring. No question, being made unemployed is devastating for those who lose their jobs and for their families.

PIPESTEM, W.Va. – U.S. Senator Shelley Moore Capito (R-W.Va.) yesterday joined local leaders from across the country to participate in the National ...

This network has been an invaluable resource for county leaders, and serves as a learning opportunity for NACo. This session here in the mountain state will showcase how rural communities can diversity their offerings and attract new businesses despite challenges with areas such as broadband connectivity, substance use, and transportation. NACo’s Economic Mobility meeting provided a valuable opportunity to hear from others in the U.S. about their challenges and solutions and learn from these experiences to improve communities across West Virginia.” “Her participation and visionary discussion for the National Association of Counties’ (NACo) Economic Mobility Leadership Network here in Mercer County this weekend will give county leaders from throughout the United States an opportunity to talk about how rural states are working to create systemic change. “In order for our local communities to be successful, we need to make sure opportunities are available for individuals to climb the economic ladder,” Senator Capito said. U.S. Senator Shelley Moore Capito (R-W.Va.) participates in the National Association of Counties (NACo) Economic Mobility Leadership Network (EMLN) Meeting in Pipestem, W.Va. on Sunday, April 24, 2022. PIPESTEM, W.Va. – U.S. Senator Shelley Moore Capito (R-W.Va.) yesterday joined local leaders from across the country to participate in the National Association of Counties (NACo) Economic Mobility Leadership Network (EMLN) Meeting in Pipestem, W.Va. During the event, county leaders from West Virginia and throughout the nation discussed pressing policy issues and heard from Senator Capito about challenges and achievements that can be learned from West Virginia communities.

Ukraine is requesting $2 billion per month from the Biden administration for emergency economic aid efforts, according to Ukraine's finance minister.

We invite you to join the discussion on Facebook and Twitter. Ukraine has been devastated by the Russian invasion, which was launched more than two months ago. The U.S. has already approved billions of dollars of military aid to Ukraine since the invasion, including an $800 million package announced last week.

The country's finance minister said in an interview that the funding is necessary for Ukraine's immediate economic needs.

The weapons: Ukraine is making use of weapons such as Javelin antitank missiles and Switchblade “kamikaze” drones, provided by the United States and other allies. A White House official who spoke on the condition of anonymity said it would be a top priority for the administration to “secure funds to keep the aid flowing to the Ukrainian people,” adding that the president is also seeking another tranche of funds to bolster the U.S. response to the coronavirus. “They are more cooperative; I see that they are trying to find some solution for us,” Marchenko said. “It’s very good we’re seeing support from the United States. It’s becoming greater and greater.” Because of the war, the Ukrainian government can currently only raise tax revenue worth 54 percent of its expenses — a figure that excludes military costs, Marchenko said. “I wouldn’t want to do so lightly, and it’s something that I think our coalition and partners would need to feel comfortable with and be supportive of,” she added. Marchenko said Ukraine is seeking the economic support to continue to pay for pensions, salaries for health care and education officials, and other humanitarian needs. Marchenko attended a private dinner hosted by Deputy Treasury Secretary Wally Adeyemo on Thursday, which included representatives from top American firms such as Goldman Sachs and the Business Roundtable. Yellen also met with Marchenko and Denys Shmyhal, the country’s prime minister, and participated in a walkout of a Group of 20 meeting last week when Russia’s finance minister started speaking. And on our part, it will involve going back to Congress with a supplemental request,” Yellen said. “We were inspired by their courage and stand with them and will do everything we can to pull our resources to support the needs that are identified.” The request from the Ukrainians comes as lawmakers return to Washington facing a crunch of new spending fights. Ukraine’s request comes days after Biden said he would ask Congress to approve additional assistance to the war-torn country.

April 25 (Reuters) - Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data ...

In their rush to keep up, retailers and other shippers focused on speed over efficiency - using more trucks and exacerbating demand for them. Croke said of the demand-led decline. Deutsche Bank earlier this month predicted interest rate hikes will tip the United States into recession next year. Is that the floor? Economic recessions followed six of the 12 trucking recessions since 1972, according to an analysis by trucking data company Convoy. Average first-quarter spot rates, excluding fuel, dove 55 cents from $2.78 per mile in mid-January to $2.23 on April 14. History has proven trucking to be a possible indicator for the U.S. economy. "So for every dollar (of pay), I was pocketing 70 cents. A few years ago, California-based Padilla spent 25-30 cents per mile to run his truck. "It is the proverbial 'canary in the mineshaft'," said Joseph Rajkovacz, director of governmental affairs for the Western States Trucking Association. The group represents small trucking companies that dominate the spot market, which handled as much as 30% of freight during the height of the pandemic. "It basically just dropped off a cliff," said Fuller, who is concerned that the United States is at the start of a trucking recession that could decimate truckers' ability to dictate prices and push some small trucking firms into bankruptcy. There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs - known as the spot market - are skidding.

A new study finds that the national economic burden of PTSD goes beyond direct health care expenses and exceeds the costs of other common mental health ...

A burden that is often ignored in economic calculations is the cost for psychotherapy not covered under health plans, which represents a significant out-of-pocket [expense] for someone with PTSD, as demonstrated in the current study." Non-direct health costs such as disability payments are higher in military populations, according to Davis. The expansion of supported employment services for PTSD patients is overdue and could address the growing disability and unemployment crisis in veterans, she says. "However, the military population composed a small proportion of the overall U.S. population with PTSD. That disparity is predicated on the fact that the number of civilians far exceeds that of active-duty military and veterans. They called for increased awareness of PTSD, more effective therapies, and the expansion of evidence-based strategies to "reduce the large clinical and economic burden" of that mental health condition. Although PTSD is more prevalent in the military, the number of civilians with PTSD still tops the number of Veterans with that condition.

U.S. civilian, military populations combine for more than $230 billion in annual costs. A new study finds that the national economic burden of PTSD goes ...

A burden that is often ignored in economic calculations is the cost for psychotherapy not covered under health plans, which represents a significant out-of-pocket [expense] for someone with PTSD, as demonstrated in the current study.” Non-direct health costs such as disability payments are higher in military populations, according to Davis. The expansion of supported employment services for PTSD patients is overdue and could address the growing disability and unemployment crisis in veterans, she says. “However, the military population composed a small proportion of the overall U.S. population with PTSD. That disparity is predicated on the fact that the number of civilians far exceeds that of active-duty military and veterans. Although PTSD is more prevalent in the military, the number of civilians with PTSD still tops the number of Veterans with that condition. They called for increased awareness of PTSD, more effective therapies, and the expansion of evidence-based strategies to “reduce the large clinical and economic burden” of that mental health condition.

Recognized as one of the greatest opportunities of U.S. red meat exports, trade talks gear up to address the Indo-Pacific Economic Framework.

China could soon become part of the world's economic growth problem rather than the solution, Desmond Lachman writes in a commentary essay.

All of this suggests that this time around, the world could have a synchronized global economic recession without a buoyant Chinese economy to bail it out. Making the transition all the more difficult now are a series of homegrown and external economic shocks. Unfortunately, this time around the Chinese economy is in no position to once again play the role of the world economy’s locomotive. It had also led to a situation where the property sector accounted for around 30% of the Chinese economy, house prices as a ratio to income were higher in major Chinese cities than in New York and London, and an estimated 65 million Chinese housing units remained unoccupied. At the same time, the International Monetary Fund is now warning about the likelihood of debt crises in many highly indebted emerging market economies as a consequence of the Russian war-induced surge in energy and food prices. In 2009, in the aftermath of the Lehman Brothers bankruptcy, China’s economic policymakers saved the world economy’s bacon.