Australia retail sales see record surge in May as economy reopens
SYDNEY (Reuters) - Australian retail sales saw a record surge in May, official data showed on Friday, as a wide scale easing in coronavirus…
German economic rebound from coronavirus gathering pace, data suggests
By Joseph NasrBERLIN (Reuters) - German retail sales rebounded sharply in May and unemployment rose less than expected in June, data…
Japan’s June factory activity extends declines for 14th month: PMI
TOKYO (Reuters) - Japan's factory activity shrank for a 14th straight month in June on sharp reductions in output and new orders, pointing…
Macy’s to lay off 3,900 employees
(Reuters) - Macy's Inc (N:M) said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen…
IMF predicts deeper global recession due to coronavirus pandemic
WASHINGTON (Reuters) - The coronavirus pandemic is causing wider and deeper damage to economic activity than first thought, the…
U.S. new home sales rebound strongly in May
WASHINGTON (Reuters) - Sales of new U.S. single-family homes increased more than expected in May, suggesting the housing market was on the…
Trump suspends entry of certain foreign workers despite business opposition
By Ted HessonWASHINGTON (Reuters) - U.S. President Donald Trump suspended the entry into the United States of certain foreign workers on…
Canadian retail sales down record 26.4% in April on coronavirus shutdowns
By Kelsey JohnsonOTTAWA (Reuters) - Canadian retail sales plummeted 26.4% in April, posting a record decline for a second consecutive…
EU stimulus designed to support single market: executive chief
BRUSSELS (Reuters) - A key aim of the EU's multi-billion euro stimulus package is to prevent a widening of economic differences in bloc,…
India to launch new rural job programme for migrants
NEW DELHI (Reuters) - India will launch a new rural jobs programme on Saturday to alleviate the distress of hundreds and thousand of…