Economy

Ukrainian soldiers prepare a vehicle adapted to fire helicopter shells as the Russia-Ukraine war continues in the direction of Toretsk, Ukraine, Aug. 19, 2024. Anadolu | Anadolu | Getty Images Ukraine carried out one of the largest-ever drone attacks against Moscow on Wednesday, as Kyiv continues to launch counteroffensives on Russian soil. Russia’s Defense Ministry […]

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said the actual job growth was nearly 30% less than the initially reported 2.9 million […]

A house under construction is seen between completed houses in a new development in Brambleton, Virginia on August 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates fell for the third week in a row last week, but the rush to refinance took a breather. Applications to refinance a home loan dropped 15% […]

Netherlands Prime Minister Mark Rutte speaks with U.S. President Joe Biden, on June 29, 2022. The U.S. has been putting pressure on the Netherlands to block exports to China of high-tech semiconductor equipment.Susan Walsh | AFP | Getty ImagesThe Netherlands on Friday announced new export restrictions on advanced semiconductor equipment amid U.S. pressure to cut… […]

Gariguette strawberries on sale at Annecy Saturday market, France.Godong | Universal Images Group | Getty ImagesEuro zone inflation hit 5.5% in June, according to preliminary data, coming in lower than analyst expectations — but core inflation, which excludes energy and food, remains stubbornly high and rose to 5.4%.Core inflation had eased to 5.3% in May,… […]

Alibaba’s Freshippo, or Hema, supermarkets are known for their fresh produce like seafood. Alibaba wants to take Freshippo public.Costfoto | Future Publishing | Getty ImagesAlibaba’s grocery unit Freshippo expanded its number of physical stores in China, the company said on Friday, as the business prepares to spin off from its parent company and go public.Freshippo,… […]

Harrison Ford returns as Indiana Jones in “Indiana Jones and the Dial of Destiny.”DisneyIt’s Harrison Ford’s final bow as the boulder-dodging, whip-wielding, Nazi-punching Indiana Jones.On Friday, “Indiana Jones and the Dial of Destiny” arrives in theaters, marking the fifth and likely final chapter in the Lucasfilm movie franchise.Disney spared no expense in bringing the film… […]

China’s factory activity in June contracted for a third month, while non-manufacturing activity was at its weakest since Beijing abandoned its strict “zero Covid” policy late last year.The latest data points to a patchy recovery in the world’s second-largest economy as the growth momentum fizzles.The official manufacturing purchasing managers’ index (PMI) came in at 49.0… […]

A farmer collecting grain from a combine harvester during the wheat harvest on a farm near Benfleet, UK, on Monday, Aug. 12, 2024. Bloomberg | Bloomberg | Getty Images The global commodities market has been volatile this year, with prices remaining largely elevated. Orange juice and cocoa futures surged to record highs in the first […]

A carabinieri vehicle parked near the harbor where search continues for missing passengers after a yacht capsized on August 19, 2024 off the coast of Palermo, Italy. Vincenzo Pepe | Getty Images The chairman of Morgan Stanley International, Jonathan Bloomer, British tech entrepreneur Mike Lynch and four others are missing after a luxury yacht sank […]