U.S. jobs growth slows well below forecasts January 7, 2022 US jobs growth fell well below forecasts in December as rising COVID-19 infections disrupted economic activity, according to official data released today. The figure in the US Bureau of Labor Statistics report showed that the US economy added 199,000 jobs in December, after economists polled by Reuters had anticiapted a rise of 400,000. Unemployment levels [...]
Biden to focus on testing and vaccines instead of lockdowns this winter December 21, 2021 US President Joe Biden reportedly has no intention of pushing for a lockdown this winter, despite the reintroduction of restrictions across Europe.
Winter Olympics: USA announce boycott of Beijing games over ‘ongoing genocide’ December 6, 2021 The White House yesterday confirmed a diplomatic boycott of the 2022 winter Olympics, due to be held in Beijing in February. White House press secretary Jen Psaki said:“The Biden administration will not send any diplomatic or official representation to the Beijing 2022 Winter Olympics and Paralympic Games given the [People’s Republic of China’s] ongoing genocide and [...]
More Russian diplomats set to leave US as geopolitical tensions mount over pipeline November 28, 2021 27 diplomats and their families were expelled from the US and would leave next month according to Russia's ambassador to the US.
Oil prices rise after US agrees $1tn infrastructure deal November 8, 2021 Oil prices have continued to recover after US congress passed Joe Biden’s $1tn infrastructure deal, improving the global outlook for energy demand. The package includes major upgrades to roads, railways and broadband across the country and could boost economic growth and demand for fuel. Oil prices recovered from last week’s mini-slump with Brent crude up [...]
US lawmakers pass $1tn infrastructure bill November 6, 2021 The US congress has passed a $1tn package to upgrade key infrastructure across the country such as highways, railways, water pipes, and broadband. The package will now be sent to president Joe Biden to sign into law. This follows a 228-206 vote in the House of Representatives, and months of heated back-and-forth negotiations between the [...]
Ex-Carlyle CEO Youngkin wins Virginia governor race November 3, 2021 Glenn Youngkin, a Republican and the former co-chief executive of US private equity group Carlyle, won the Virginia governor’s race last night in a blow to the Democractic party and President Joe Biden, a year ahead of the midterm elections. The political newcomer beat Democrat Terry McAuliffe, a former governor, in an election that attracted [...]
