Economy

Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles

Russian President Vladimir Putin said Friday that nearly 40% of the country’s trade turnover is now in rubles as the…

U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%

The U.S. economy added far more jobs than expected in May, countering fears of a slowdown in the labor market…

War, what war? Putin looks to woo new business partners willing to overlook its invasion of Ukraine

Russia’s annual economic forum in St. Petersburg used to be known as the country’s “Davos” in a nod to the…

Here’s what to expect from Friday’s big jobs report

Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up…

Young job seekers are finding it tougher to find employment, despite a bustling labor market: ‘It was brutal’

After receiving a graduate degree, Julianna Larock was bombarded with news about the powerful labor market and how much demand…

Private payrolls growth slows to 152,000 in May, much less than expected, ADP says

Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness…

Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion

DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get…

Job openings fell again in April, hitting lowest level since February 2021 in a sign of labor market weakening

Job openings fell more than forecast in April, signaling a potential weakening in the labor market that could provide the…

Turkey’s inflation passes 75% in what economists believe is peak

Inflation in Turkey topped 75% in May, up from 69.8% in April, in what economists expect to be the peak…

OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says

The prominent OPEC+ oil producers’ alliance is awaiting concrete central bank action on interest rates before factoring in the potential…