Tag: Economies

Californians Will Pay Highest Gas Prices Ever for Labor Day Weekend

By Hugo Martín From Los Angeles Times Los Angeles–A Labor Day weekend road trip is going to put extra strain on your pocketbook this year. Heading into the holiday weekend, Californians are paying the highest price ever per gallon of gas for this time of year—$4.39 for regular, according to the Auto Club of Southern…


WTO Backs US in Solar Cell Case Brought by China

BRUSSELS—The United States secured a victory at the World Trade Organization (WTO) on Thursday in a case brought by China over U.S. measures to limit the import of solar panel cells. A three-person WTO panel rejected all four of China’s claims and said that the measures did not breach global trade rules. The United States…


‘Inflation Could Repeat Trajectory Of 1960s’: Economic Historian Niall Ferguson

Inflation could be repeating the trajectory of the late 1960s, which set in motion sustained high inflation in the following decade, according to top economic historian Niall Ferguson. Speaking to CNBC on Sept. 3, Ferguson said that policymakers are now facing a new challenge in the form of rising inflation after responding to the COVID-19 pandemic in a…


Lower Rents Bring New Innovators to New York City

By Rodolfo Delgado After a year of stress and quarantine, I decided to go to Madison Square Park, my favorite park in the city, and start writing this piece from a bench. New York is far from dead. In the background, jazz music is playing, and people are dancing in the park. People that come here…


Fed Likely to Announce Taper in November, Former Fed Official Says

The U.S. Federal Reserve is likely to announce the tapering of its asset purchases in November and begin the process a month later, former Federal Reserve official Dennis Lockhart said on Thursday. Waiting until November will give policymakers more data on the labor market’s recovery and economic growth, Lockhart told the Reuters Global Markets Forum…


European Stocks Slip Ahead of PMI, US Jobs Data

European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth dented the mood. The pan-European STOXX 600 index was down 0.2 percent by 0723 GMT but on track for small weekly gains. Rate-sensitive banks and financial services were among the…


European Stocks Slip Ahead of PMI, U.S. Jobs Data

European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth dented the mood. The pan-European STOXX 600 index was down 0.2 percent by 0723 GMT but on track for small weekly gains. Rate-sensitive banks and financial services were among the…


A School Movement Targeting Minorities That Works. But Progressives Don’t Like It.

Michael Landsbaum hit bottom after his father lost his job and couldn’t pay rent, leaving the teenager homeless in Dallas. He slept on friends’ couches for months until he was rescued by an unlikely source: his high school. But Pathways in Technology Early College High School did much more than provide him with a place…


Ryanair Passenger Numbers Rise in August to 11.1 Million

DUBLIN—Ryanair on Thursday said it flew 11.1 million passengers in August, 75 percent of the number the budget airline carried in August 2019 before COVID-19 pandemic hammered the industry. Chief Executive Michael O’Leary had told Reuters on Tuesday that the airline was on target to exceed its 10.5 million target for August this year. The…


China to Keep Tight Curb on Overseas Flights

China is set to keep a tight restraint on overseas flights well into 2022, according to analysts who have heard from Air China. This could spell trouble for tourism businesses around the world because Chinese travellers play an outsized role. Last month China’s aviation regulator said weekly international flights were still only at 2 percent…