Tesco (TSCO.L) and Kraft Heinz Co (KHC.O) have struck a deal to bring back the U.S. food giant’s products to the supermarket chain’s shelves and make them available for online purchases in the coming days, the companies said on Friday. Read more
Canada’s unemployment rate unexpectedly fell to a new record low in June, even as the economy posted a surprise decline in jobs, while wages accelerated sharply, official data showed on Friday, reinforcing calls for a supersized interest rate hike. The Read more
U.S. job growth increased more than expected in June and the unemployment rate remained near pre-pandemic lows, giving the Federal Reserve ammunition to deliver another 75-basis-point interest rate increase later this month. Nonfarm payrolls increased by 372,000, the Labor Department’s Read more
Atlanta Federal Reserve Bank President Raphael Bostic, until recently among the central bank’s most dovish policymakers, on Friday said he “fully” supports another three quarters of a percentage point interest rate rise at the Fed’s next policy meeting later this Read more
Decades-high inflation and the fallout from the Ukraine crisis have pressured many companies across the globe to consider laying off people or put a freeze on hiring.
SAS (SAS.ST) cancelled almost 70% of its flights on Friday as it scrambled to bring home thousands of tourists stranded overseas by a pilot strike that has deepened a financial crisis. The Scandinavian airline has been forced to cancel hundreds Read more
Russia’s financial monitoring agency, Rosfinmonitoring, said on Friday it was using software to track cryptocurrency transactions and hopes to improve its capabilities, as Moscow ushers in regulation on what one lawmaker dubbed “cryptomania”. The Bank of Russia has long voiced Read more