The Rise of Automation: How Robots are Filling Job Vacancies and Driving Productivity in the US

The Rise of Automation: How Robots are Filling Job Vacancies and Driving Productivity in the US

Article: Driving Economic Growth: The Productivity Boom in the US Driving Economic Growth: The Productivity Boom in the US Why Companies Turn to Automation to Combat Worker Shortages Washington, D.C. – The global strive for technological advancements has revolutionized manufacturing industries in the United States. The recent surge in worker shortages has prompted companies like … Read more

Minneapolis Fed President Advocates for Further Rate Hike to Tackle Inflation

Minneapolis Fed President Advocates for Further Rate Hike to Tackle Inflation

NEW YORK, Nov 7 (Reuters) – Minneapolis Federal Reserve President Neel Kashkari said the U.S. central bank still has work to do to control inflation, suggesting he favors a further rise in interest rates. At the end of its monetary policy meeting last week, the Fed once again kept interest rates unchanged and analysts believe … Read more

Chinese Premier Li Qiang Acknowledges Challenges in US-China Relations and Calls for Cooperation

Chinese Premier Li Qiang Acknowledges Challenges in US-China Relations and Calls for Cooperation

Chinese Premier Li Qiang told senior officials of the U.S.-China Business Council (USCBC) delegation in Beijing on Wednesday that bilateral relations and economic and trade cooperation between the United States and China are facing difficulties. Ta. Photo taken in January 2023. REUTERS/Dado Ruvic [北京 21日 ロイター] – Chinese Premier Li Qiang told senior officials of … Read more

The Effects of Russia’s Black Sea Grain Deal Withdrawal on Ukrainian Grain Exports and EU Import Bans

The Effects of Russia’s Black Sea Grain Deal Withdrawal on Ukrainian Grain Exports and EU Import Bans

BUCHAREST/WARSAW (Reuters) – Russia in July pulled out of a year-old agreement to safely export Ukrainian grain through Black Sea ports. Since then, Ukraine has relied entirely on alternative routes through the European Union. In July, Russia withdrew from a year-old deal that allowed Ukrainian grain to be safely exported through Black Sea ports. Ukraine … Read more

U.S. Nonfarm Payrolls Report: Weaker July Growth Decreases Chance of Rate Hike to Below 30%

U.S. Nonfarm Payrolls Report: Weaker July Growth Decreases Chance of Rate Hike to Below 30%

A weaker-than-expected U.S. nonfarm payrolls report in July pushed the Federal Funds futures market’s implied probability of another rate hike this year to less than 30%. 2008 Washington, D.C. (2023 REUTERS/Jason Reed/File Photo) (Reuters) – U.S. interest rate futures are pricing in a 30% chance of another rate hike this year after July’s weaker-than-expected nonfarm … Read more

Tesla’s China EV Sales Drop 31% in July, BYD Gains Ground

Tesla’s China EV Sales Drop 31% in July, BYD Gains Ground

According to data released by the China Passenger Car Association (CPCA) on the 3rd, US electric vehicle (EV) giant Tesla sold 64,285 new EVs made in China in July, down 31% from the previous month. Photo taken in January 2021 (2023 REUTERS/Tingshu Wang/File Photo) BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle giant Tesla’s sales of new … Read more

World Bank Forecasts Higher Real GDP Growth in 2023, but Cuts Forecast for 2024

In its latest World Economic Outlook, the World Bank forecast growth of 2.1% in 2023, up from 1.7% in its previous forecast released in January. FILE PHOTO/Johannes P. Christo/File Photo/File Photo/File Photo WASHINGTON (Reuters) – The World Bank forecast real GDP growth of 2.1% in 2023 in its latest World Economic Outlook released on Wednesday, … Read more

US House to Pass Bill Temporarily Suspending Federal Debt Ceiling

US House Speaker McCarthy (Republican) announced on the 31st that the bill to suspend the federal debt ceiling temporarily will be voted on and that the bill will be passed. (2023 REUTERS/Julia Nikhinson) [ワシントン 31日 ロイター] – US House Speaker McCarthy (Republican) announced on the 31st that the bill to suspend the federal debt ceiling … Read more

“University of Tokyo Professor: BOJ May Raise Interest Rates Depending on Labor Outcome”

TOKYO (Reuters) – Tsutomu Watanabe, professor of economics at the University of Tokyo, said in an interview with Reuters that the BOJ could raise short-term policy interest rates as early as next year depending on the outcome of next year’s spring labor offensive. Stated. Watanabe, who serves as a member of the special session of … Read more

World Bank president calls Russia’s detention of WSJ journalist a “shameless act”

World Bank President Malpass said on Thursday that Russia’s detention of Wall Street Journal reporter Evan Gershkovic was a “shameless act” and called it essential, including for the journalist’s safety. accused of infringing on the freedom of the press. World Bank President Malpass attends the Reuters Next event in New York City in December 2022. … Read more