US and Europe can escape recession, says Fed official

The United States and the European Union can escape recession while bringing inflation down to an acceptable level, an official of the American Central Bank (Fed) estimated on Tuesday, who judges that a “soft landingis achievable in these two economies. “A soft landing is possible in the United States and the European UnionSt. Louis Fed … Read more

vacancies down, a sign of a slowdown in the job market

The number of vacancies in the United States fell in June and is below 11 million for the first time in seven months, a sign that the job market is starting to slow, despite still massive resignations. Read alsoUSA: Growth in manufacturing activity slows again in July (ISM) SEE ALSO – Joe Biden urges Congress … Read more

World stock markets down, worried about tensions between the United States and China

World stock markets lost ground on Tuesday after the announcement of Nancy Pelosi’s visit to Taiwan, which further strains relations between the United States and China. Read alsoEuropean stock markets fall in the face of tensions around Taiwan European markets ended down, Paris lost 0.42%, Frankfurt 0.23% and Milan 0.35%. Only London remained in balance, … Read more

unexpected jump in durable goods orders in June

US ‘won’t see a recession,’ says Joe Biden Durable goods orders unexpectedly jumped in June from May in the US, a rise driven by a near doubling of defense aircraft orders and military parts, according to Commerce Department data released Wednesday. The total amount of orders amounted to 272.6 billion dollars, up 1.9% compared to … Read more

consumer confidence down in July for the 3rd consecutive month

Consumer confidence in the United States continued its negative spiral in July for the third consecutive month, amid lingering fears of recession, according to the Conference Board index released on Tuesday. The index now stands at 95.7 points, a drop of 2.7 points compared to June, the data for which was also revised downwards (98.4 … Read more

61-year-old gang leader extradited to US

Honduras on Tuesday (July 26th) extradited to the United States Herlinda Bobadilla, a 61-year-old suspected gang leader accused of drug trafficking, arrested in May during a shooting in which her son was killed. The Eastern District of Virginia court indictment finds that Herlinda Bobadilla, aka Chinda, and two of her sons are the leaders of … Read more

South Korean giant SK to invest 22 billion USD in the United States (White House)

The South Korean giant SK (chemicals, industry, telecoms, finance, construction, hotels) must announce 22 billion dollars of new investments in the United States, before a meeting between its boss and American President Joe Biden, indicated Tuesday the White House. Read alsoSouth Korea’s SK Hynix to buy Intel memory chips for $9 billion “Ahead of virtual … Read more

The United States prohibits the entry on its territory to the ex-president of Paraguay

The United States announced on Friday July 22 that it was banning former Paraguayan President Horacio Cartes from entering its territory, accusing the businessman-turned-politician of corruption and links to “terrorist” groups. . Horacio Cartes, a fortune in the tobacco industry who ruled Paraguay from 2013 to 2018, will no longer be able to travel to … Read more

American detained in Burma

An American national is wrongfully detained in Burma ruled by the junta, a spokesman for the American embassy in this country told AFP on Friday July 22. “We are informed of the wrongful detention of a US citizen in Burma“, he said. Read alsoBurma: discreet tribute for the 75th anniversary of the assassination of the … Read more

the economy is healthy enough to avoid a recession, according to Janet Yellen

US Treasury Secretary Janet Yellen expressed optimism on Tuesday that the United States could avoid a recession in the coming months, due to the health of the labor market and consumption. An economic slowdown seems inevitable, she stressed. On the other hand, a recessionis simply not compatible with the type of labor market we see“said … Read more