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…
US CHALLENGER JOB CUTS YEAR-TO-DATE 443,704 IN 2026 VS 744,308 IN 2025 YEAR-TO-DATE
US CHALLENGER JOB CUTS -52.7% AT 45,840 IN JUNE VS 97,006 IN MAY; -4.5% FROM JUNE 2025
US CHALLENGER LAYOFFS 45,849 IN JUNE, DOWN 53% FROM MAY, DOWN 4% FROM YEAR AGO MONTH, LOWEST SINCE DEC. 2025
Pakistan's consumer price index rose 11.1% year-on-year in June, easing from 11.7% in May and coming within the government's forecast range of 11%-12%, the Pakistan Bureau of Statistics said on Wednesday.
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…
By Will Parker and James FanelliA 1,400-foot luxury condo tower on Manhattan's Billionaires' Row looks to be one of the most lucrative targets for a new tax on high-end second homes in New York City.Past buyers at the building, known as 432 Park Avenue, included Jennifer Lopez and former Yankees sl…
Staff WriterABU DHABI - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has released a new report showing that the emirate's construction sector is entering a new phase of growth, increasingly driven by higher-value systems, advanced delivery models and stronger private sector participation…
South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) dropped to 47.3 in June 2026 from 50.8 in May, signaling renewed contraction in factory activity after two consecutive months of growth.This mainly reflected weaker demand, which weighed on new orders.Clients reportedly placed…
The World Bank Group has approved a new long-term partnership strategy for Nigeria alongside $1.25 billion in financing, aiming to drive job creation and economic growth by unlocking private sector investment and expanding access to energy, digital, and agricultural services.
Abu Dhabi, UAE – The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has released a new report showing that the emirate’s construction sector is entering a new phase of growth — one that is increasingly driven by higher‑value systems, advanced delivery models, and stronger private‑sector partici…
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…
Retail sales in Cyprus rose 7.5% year-on-year in May 2026, accelerating from 2.9% in April and marking the strongest growth in four months.Clothing and footwear recorded the largest increase, with sales surging 19.4% after a 3.8% rise in April.Growth also strengthened for food in specialised stores…
The UK manufacturing purchasing managers' index LSE:PMI came in at 52.5 in June, down from the preliminary estimate of 53.1 released a week ago.This marked the lowest rate of growth – indicated by any figure above the neutral 50-point level – in three months and a slowdown from the 53.9 print regis…
Greece's jobless rate stood at 8.1% in May, down from a downwardly revised 9.1% in April, data from statistics service ELSTAT showed on Wednesday.Seasonally adjusted data showed 383,740 people were officially unemployed.Unemployment impacted women more than men, at the rates of 11.7% and 5.0%, resp…
The inflation rate in Croatia rose 4.5% year-on-year in June 2026, easing from 5.2% in the previous month and marking the lowest reading since February, according to a preliminary estimate.Prices for non-food industrial goods excluding energy fell 0.6%.Meanwhile, energy costs climbed 13.2%, continu…
Pakistan's consumer price index rose 11.1% year-on-year in June, the country's statistics bureau data showed on Wednesday.
Croatia’s registered unemployment rate fell to 3.4% in May 2026 from 3.8% in April, reaching the lowest level since records began in December 1996.The number of unemployed persons declined 9.2% from the previous month to 61.3 thousand, while total employment rose 2.2% to 1.740 million.The labor for…
