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World

Saturday, October 5, 2019

US unemployment falls to 50-year low
World

US unemployment falls to 50-year low

America's jobless rate tumbled in September to its lowest level in 50 years, according to government data released Friday, delighting the White House even though it may not assuage recession fears as President Donald Trump's trade wars persist.
Published 05 Oct, 2019 12:00am
US trade deficit widens
World

US trade deficit widens

The yawning US trade deficit rose by nearly $1 billion in August as weakening foreign demand and the churning trade conflict ate into US exports, the government reported Friday.
Published 05 Oct, 2019 12:00am
HP to cut thousands of jobs
World

HP to cut thousands of jobs

US computer and printer maker HP announced Thursday it will cut more than 10 percent of its global workforce to simplify operations and cut costs.
Published 05 Oct, 2019 12:00am
French court orders closure of XL Airways
World

French court orders closure of XL Airways

A French court on Friday ordered the closure of long haul low cost airline XL Airways after it declared insolvency, the second carrier in France within a month to be wound up. The commercial court in Bobigny outside Paris rejected the sole offer for the c
Published 05 Oct, 2019 12:00am
Canada posts lower trade deficit in August
World

Canada posts lower trade deficit in August

Canada's trade deficit narrowed to Can $955 million (US $718 million) in August, according to government data released Friday, with exports picking up after two months of decline.
Published 05 Oct, 2019 12:00am
India makes fifth rate cut, slashes growth forecast
World

India makes fifth rate cut, slashes growth forecast

India's central bank on Friday cut interest rates for the fifth time this year, putting them at a near-decade low, while it also slashed its growth forecasts as authorities struggle to kickstart Asia's third-largest economy.
Published 05 Oct, 2019 12:00am
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