Latest News

Once the bane of big tech, Vestager's star wanes
Once the bane of big tech, Vestager's star wanes
Economy
by  AFP

Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a hard-fought and ultimately unsuccessful bid to lead the bloc's lender. Vestager will now return to the commission but with only a few months left before European elections that are likely to change the make-up of the EU's executive arm. bur-aro/raz/dc/gil

US unemployment ticks down as hiring accelerates
US unemployment ticks down as hiring accelerates
Economy
by  AFP

The United States saw its jobless rate edge down in November while hiring rose more than expected, government data showed Friday, as policymakers mull the need for further efforts to cool the economy. Rubeela Farooqi, chief US economist at High Frequency Economics, said she continues to expect a cooling in the labor market as the effect of higher interest rates flows through the economy.