Reuters Up to 135 billion of jobless benefits paid out by U.S. states during the coronavirus pandemic may have arisen from fraudulent claims, Washington39;s top government watchdog said on Tuesday in a report suggesting the problem is much bigger than previously estimated. Waves of fraudulent claims for unemployment insurance benefits have episodically inflated the volumes […]

Sept 13 Reuters Holiday sales in the United States are estimated to grow at their slowest pace in five years, according to a report released on Wednesday, as dwindling household savings and worries over the economy prompt consumers to spend judiciously. Sales across physical stores and online channels are expected to rise by 3.5 to […]

TOKYO, Sept 13 Reuters Japan39;s annual wholesale inflation slowed in August for the eighth straight month, data showed on Wednesday, offering some relief for households and retailers hit by past sharp rises in raw material imports. The corporate goods price index CGPI, which measures the price companies charge each other for their goods and services, […]

LONDON, Sept 13 Reuters Extreme heat and flooding could erase 65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. The study also mapped out the supply chains of six unidentified global apparel brands operating in […]

Consumer prices forecast increasing 0.6 in August CPI expected to rise 3.6 yearonyear Core CPI seen gaining 0.2; advancing 4.3 yearonyear WASHINGTON, Sept 13 Reuters U.S. consumer prices likely increased by the most in 14 months in August amid a surge in the cost of gasoline, but an expected moderate rise in underlying inflation could […]

UK economy contracts 0.5 in July, worse than feared All sectors of economy contract, with strikes weighing Some economists warn recession may be drawing near Data does not include recent big upward revisions to GDP LONDON, Sept 13 Reuters Britain39;s economy contracted in July at an unexpectedly sharp rate after strikes in hospitals and schools […]

BEIJING, Sept 13 Reuters China39;s central bank will boost demand and support a modest rebound in prices, the Financial News, a publication run by the People39;s Bank of China PBOC said on Wednesday, citing a unnamed senior central bank official. The PBOC will ramp up its coordination with fiscal and industrial policies and strengthen the […]