Page 75 - Eco News Today

U.S. congressional leaders on Friday invited Indian Prime Minister Narendra Modi to address a joint meeting of the House of Representatives and Senate on June 22, one of the highest honors Washington affords to foreign dignitaries.

Federal Reserve Chair Jerome Powell held a phone call with the head of UBS Group AG in the days before the bank was propelled by Swiss authorities to buy smaller rival Credit Suisse, just one of the dozens of calls and meetings Powell held from mid-March as a banking crisis unfolded.

Nigeria's main labour union said on Friday it plans to go on strike from Wednesday to protest against a tripling of fuel prices in what would be the first big test for new President Bola Tinubu after he scrapped a costly fuel subsidy.

Brazilian President Luiz Inacio Lula da Silva has suffered a major defeat over important legislation protecting the Amazon rainforest and the Indigenous people who live in it, and he has had to cut his losses in a conservative Congress.

Applied maths graduate Liang Huaxiao tried to land a job with one of China's tech giants for two years. Then she tried customer service and sales. Then she applied for assistant roles in a bakery and in a beauty parlour.

South Korea's factory activity shrank for an 11th consecutive month in May, slumping into its longest downtrend in 14 years, a survey showed on Thursday, as a slowing global economy hit output and orders and ratcheted up pressure on manufacturers.

Japan's factory activity expanded in May for the first time in seven months thanks to increases in output and new orders and buoyed by a positive outlook for the year ahead, a private sector survey showed on Thursday.

A look at the day ahead in European and global markets from Kevin Buckland

Unexpectedly strong labor market data rattled investors who fear the Fed might hike interest rates again in June.

After months of negotiations, Finland's Nokian Tyres was on the cusp late last year of finalising a 400-million-euro ($440.32 million) sale of its Russian business. Then Moscow changed the rules again.