SYDNEY, Sept 28 Reuters Job vacancies in Australia slid from record levels in the three months to August, adding to signs that the country39;s labour shortage might be easing as interest rate hikes work to constrain demand. Vacancies fell by 8.9 from the previous quarter to 390,400, the biggest decline and the lowest level in […]

SYDNEY, Sept 28 Reuters Australian retail sales rose modestly in August as consumers continued to cut back on spending in the face of elevated living expenses and high borrowing costs, signalling interest rates may not have to rise further. Data from the Australian Bureau of Statistics ABS on Thursday showed nominal retail sales rose 0.2 […]

SINGAPORE, Sept 28 Reuters Singapore39;s finance ministry on Thursday announced an additional S1.1 billion 802 million to help households handle increases in the cost of living. The package includes an additional payment of up to S200 for 2.5 million adult Singaporeans, just under half of its population, to be disbursed in December. The package, which […]

LONDON, Sept 28 Reuters A perfect storm of supply chain delays, design flaws and higher costs in the offshore wind industry has put dozens of projects at risk of not being delivered in time for countries to meet climate goals, industry executives, investors and analysts said. The race to reduce reliance on fossil fuels is […]

LONDON, Sept 28 Reuters Britain39;s Institute for Fiscal Studies IFS estimated on Thursday that there was a 90 chance that public borrowing in four years39; time would be higher than the government39;s budget watchdog has forecast. The IFS a nonpartisan think tank closely watched by politicians and economists said borrowing in the 202728 tax year […]

BERLIN, Sept 28 Reuters Five economic institutes are predicting gross domestic product GDP in Germany will contract by 0.6 in 2023, as rising interest rates take their toll on the economy and high inflation depresses consumption. Growth of 0.3 had been expected in the institutes39; spring forecast. The forecast confirms the numbers Reuters previously reported exclusively earlier this […]

LONDON, Sept 28 Reuters Britain set out plans on Thursday to ease key banking and insurance rules in the latest attempt to boost its vital financial sector following the country39;s departure from the European Union. Brexit has cut off Britain39;s finance industry, which accounts for about 12 of UK economic output, from much of the […]