By Elena FabrichnayaRussia's Sberbank RUS:SBER is set to lower its 2026 corporate lending growth forecast because of the worsening financial position of borrowers, its finance chief said on Wednesday.The country's biggest lender has performed better than expected in some areas, CFO Taras Skvortsov…
General Mills is ramping up efficiency efforts with a target of $3 billion in cumulative cost savings by fiscal 2030. The company expects to deliver $750 million in fiscal 2027 alone. About $2 billion of the total target comes from the company's Holistic Margin Management productivity program, with…
Chile's IMACEC economic activity index fell 0.9% year-on-year in May 2026, marking the fifth consecutive month of contraction, though less sharply than the 1.2% decline recorded in April.Goods production contracted 4.7%, reflecting a sharp drop in mining output (-11.6%), particularly copper, alongs…
By Jessica CoacciHiring by private sector employers in June continued to grow slightly below expectations, human-resources company ADP said.Private companies added a net 98,000 jobs in June after adding 122,000 jobs in May, ADP said Wednesday morning. Economists polled by the Wall Street Journal ex…
Chile's economic activity fell 0.9% in May when compared with a year earlier, central bank data showed on Wednesday, missing market forecasts as economists polled by Reuters expected a 0.3% year-on-year expansion.On a monthly basis, the IMACEC index — which accounts for about 90% of the Andean coun…
Staff WriterMaritime Hub Abu Dhabi – a platform for collaboration across the emirate's growing maritime sector, operated by Abu Dhabi Maritime and led by the Integrated Transport Centre (Abu Dhabi Mobility), an affiliate of the Department of Municipalities and Transport – has launched a new guidebo…
Staff WriterParaguayan President Santiago Peña affirmed that relations with the UAE are witnessing rapid development, expressing his country’s aspiration to elevate them to a new level based on joint investment, innovation, and long-term strategic partnerships that serve the common interests of bot…
Staff WriterDP World has reached a significant milestone in the modernisation of the Port of Tartous with the arrival of the first of three new Mobile Harbour Cranes (MHCs).The delivery marks the first major investment under the company’s 30-year concession agreement with the Syrian Government foll…
U.S. private payrolls increased less than expected in June, but a sharp decline in planned layoffs pointed to stable labor market conditions last month.Private employment rose by 98,000 jobs last month after an unrevised 122,000 advance in May, the ADP national employment report showed. Economists…
UAE: Magna AI, Inc., the global integrated‑value‑chain sovereign AI transformation leader established through a partnership between Trend Micro and Wistron Digital Technology Holding Company (WDH), powered by NVIDIA, today announced a strategic collaboration with Saudi Xerox, official representatio…
Dubai, United Arab Emirates – Alvarez & Marsal (A&M), the global professional services firm known for its senior-led, operator-driven approach, has released its latest edition of the United Arab Emirates (UAE) Banking Pulse, analyzing the Q1 2026 performance of the country’s ten largest listed bank…
Riyadh, Saudi Arabia: Mastercard is supporting a first-of-its-kind initiative involving Jarir in Saudi Arabia that provides Mastercard SME cardholders with access to discounts on products via Jarir e-commerce platform in June 2026. The limited-period market-wide campaign features a global payments…
Private businesses in the US added 98K jobs in June 2026, below 122K in May and forecasts of 113K. Education and health services (48K) added the most jobs, followed by trade, transportation and utilities (15K), financial activities (14K) and information (7K) while leisure and hospitality delivered…
Business confidence in Mexico’s manufacturing sector rose by 0.5 points to 48.0 in June 2026 from May, improving modestly but remaining below the 50-point threshold for the 16th consecutive month.The assessment of the country’s current economic situation increased 0.5 points to 48.1, while expectat…
Staff WriterMost projects scheduled for delivery in the UAE this year and 2027 continue to progress largely as planned despite supply chains being impacted by the closure of the Strait of Hormuz, according to a new report by Moody’s.Construction is continuing largely as planned, inventory levels ar…
US ADP PRIVATE PAYROLLS +122K IN MAY FROM APRIL, UNREVISED FROM +122K PREVIOUSLY REPORTED)
US ADP PRIVATE PAYROLLS: GOODS-PRODUCING JOBS +2K IN JUNE FROM MAY; SERVICES JOBS +96K IN JUNE FROM MAY
TOKYO (dpa-AFX) - Japan's consumer sentiment improved somewhat in May to the highest level in four months, survey data from the Cabinet Office showed on Wednesday.The seasonally adjusted consumer confidence index rose to 33.8 in June from 33.6 in May. The expected score was 34.1.The survey was cond…
Riyadh, Kingdom of Saudi Arabia – Alvarez & Marsal (A&M), the global professional services firm known for its senior-led, operator-driven approach, has released its latest edition of the Kingdom of Saudi Arabia (KSA) Banking Pulse, analyzing the Q1 2026 performance of the Kingdom’s ten largest list…
ROSELAND, N.J., July 1, 2026 /PRNewswire/ -- Private sector employment increased by 98,000 jobs in June and pay was up 4.4 percent year-over-year according to the June ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab").Th…
