The food giant cites rising costs as it prepares workforce reductions outside the U.S. in 2026 to protect margins. Kraft Heinz will cut 400 jobs abroad in 2026 as part of a cost-saving initiative to counter persistent inflation. The company warned that higher input costs c
April data signals strengthening business activity, potentially easing recession concerns in the Canadian economy. Canada’s Ivey Purchasing Managers’ Index rose to 63.5 in April, marking its highest level in seven months. The increase suggests a rebound in business activit
JUST IN: Sen. Kirsten Gillibrand says three key issues in CLARITY Act negotiations are expected to be resolved before markup: • Consumer protections • Illicit finance and terrorism financing safeguards • Ethics provisions for government officials “It can get done by August
Canada's Ivey PMI rises to 57.7 The Canadian Ivey Purchasing Managers' Index has increased to 57.7. This represents a significant improvement from the previous reading of 49.7. The latest figure indicates a notable expansion in the Canadian economy. The increase in
Speech by Dr Poonam Gupta, Deputy Governor of the Reserve Bank of India, at Joint Seminar and Discussion "India's inflation targeting framework' and 'regional economic outlook for Asia and Pacific", National Council of Applied Economic Research (NCAER), New Delhi, 5 May 2026.
St. Alberto Musalem is speaking and says: Tailwinds including accommodative financial conditions are currently greater than headwinds for the U.S. economy Uncertainty around tariffs and war are headwinds The labor market seems to have stabilized after gradual cooling last
Fed’s Musalem notes job gains have steadied, inflation remains above target, and policy may stay restrictive for some time. Federal Reserve official Alberto Musalem said the labor market has stabilized after a period of gradual cooling, with recent job gains hovering near
Private payrolls rose 109,000 in April The US labor market showed signs of stability with private payrolls increasing by 109,000 in April. This growth suggests a steady labor market. The report may influence the Fed's decision on interest rates, as a stable
Swedish inflation: April flash CPI April flash inflation showed a sharper decline than expected, with zero core inflation and the Riksbank's target variable, CPIF, at 0.8% year-over-year. The downside surprise was mainly due to services inflation, but energy prices were al
April's annual inflation rate marks the slowest pace since October, easing pressure on the central bank ahead of policy meetings. Egypt’s annual inflation rate declined to 14.9% in April, down from 15.7% in March, marking the lowest level in six months. The slowdown reflec
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