By Mariam Sunny and Sneha S KMillions of Americans are expected to gain coverage for GLP-1 drugs for weight loss under a new U.S. pilot launching on Wednesday in its Medicare program for people aged 65 and older or with disabilities that will offer the medications for a monthly co-pay of $50.Eligib…
MOSCOW (dpa-AFX) - Russia's factory activity logged a renewed growth in June as output rose at the quickest pace since January 2025 amid improving demand conditions, survey results from S&P Global showed on Wednesday.The manufacturing purchasing managers' index, or PMI, climbed to 50.3 in June from…
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Eurozone inflation slowed to a three-month low in June, flash data from Eurostat showed Wednesday.Inflation weakened to 2.8 percent from 3.2 percent in May. This was the lowest rate since March and remained below forecast of 3.0 percent.Core inflation that exclu…
Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region today announced the graduation of the first cohort of the prestigious NextGen Leadership Programme at the DIFC Family Wealth Centre (DFWC). The invit…
The seasonally adjusted unemployment rate in Greece fell to 8.1% in May 2026 from a downwardly revised 9.1% in the previous month, marking the lowest level since November 2008.The number of unemployed individuals fell by 48.0 thousand from a month earlier to an over seventeen-year low of 383.7 thou…
By Ed FranklCooling energy prices helped push eurozone inflation lower in June, increasing the likelihood the European Central Bank will refrain from raising its key interest rate for a second meeting in a row later this month.Inflation in the 21-nation currency area fell to 2.8% from 3.2% in May…
Pakistan's wholesale price inflation eased to 10.7% year-on-year in June 2026 from 12.7% in May.The slowdown was largely driven by softer price growth for ores, minerals, electricity, gas and water (5.7% vs. 8.5%).Meanwhile, inflation accelerated for food, beverages, tobacco, textiles and leather p…
Dubai, United Arab Emirates – Dubai’s real estate market continues to register exceptional demand for luxury properties, supported by growing confidence among local and international investors. This sustained momentum further reinforces the emirate’s position as one of the world’s most stable and a…
Cairo, Egypt — Jotun Egypt held a specialized industry event to spotlight the role of local manufacturing and advanced passive fire protection technologies in supporting Egypt’s industrial development, strengthening critical infrastructure, and protecting strategic national assets. The event brough…
By Jessica CoacciU.S. based employers announced 45,849 job cuts in June, down 53% from 97,006 cuts announced in May, according to a report from the global outplacement and executive coaching firm Challenger, Gray & Christmas.Employers in the technology sector led the decline with 15,503 staff reduc…
US CHALLENGER HIRING PLANS YEAR-TO-DATE 82,932 IN 2026 VS 91,405 IN 2025 YEAR-TO-DATE
US CHALLENGER LARGEST NUMBER OF HIRING PLANS FOR JUNE 3,300 IN ENTERTAINMENT/LEISURE
US CHALLENGER HIRING PLANS -44.0% AT 10,933 IN JUNE VS 19,536 IN MAY; -42.7% FROM JUNE 2025
US-based employers announced 45,849 job cuts in June 2026, the lowest since December 2025, down 53% from May and 4% lower than in the same month last year.The tech sector announced the most cuts (15,503), followed by services (4,296), food producers and manufacturers (3,955) and health care compani…
US CHALLENGER: HIRING PLANS 10,933 IN JUNE, DOWN 44% FROM 19,536 IN MAY, UP FROM 3,191 IN YEAR AGO MONTH
Pakistan's annual inflation rate eased to 11.0% in June 2026 from 11.7% in May, in line with the government's forecast range of 11%-12%.Food inflation accelerated to 9.4% from 6.8%, reaching its highest level since April 2024.Meanwhile, inflation eased for housing and utilities (15.5% vs. 16.1%) an…
US CHALLENGER JOB CUTS FOR JUNE LED BY 15,503 IN TECHNOLOGY
Riyadh, Saudi Arabia: Saudi Arabia is rapidly strengthening its position as a leading destination for Chinese travellers, as new research from Dragon Trail International, a research partner of WTM Spotlight Riyadh, highlights the Kingdom’s growing appeal among one of the world’s most influential ou…
US CHALLENGER: LAYOFFS 443,604 YEAR TO DATE IN JUNE 2026, DOWN 40% FROM YEAR-AGO PERIOD
RHB maintains a cautious view on Indonesia's external trade outlook in 2H after the country posted its first monthly trade deficit since 2020 in May, economist Wong Xian Yong says in a note. Weaker commodity prices, softer external demand and stronger imports are expected to narrow the trade surplu…
