A now hiring sign is posted in the window of a Chipotle restaurant on June 5, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesOn the surface, a June drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it...
Category: Economy
China consumer price growth weakens in June while producer inflation rises to near 4-year high
A container ship is berthed at the container terminal in Qingdao, China's eastern Shandong province on June 25, 2026.- | Afp | Getty ImagesChina's consumer prices grew slower than expected in June, while wholesale inflation accelerated, as elevated energy costs continued to sap domestic demand.Consumer prices rose 1% in June...
Christine Lagarde leaves door open to early ECB exit, as she mulls French politics
The European Central Bank's Christine Lagarde has declined to rule out an early end to her term as president, as she mulls a foray into French politics. Lagarde, whose term as ECB President ends in October 2027, told French newspaper Les Echos an early departure is "possible" ahead of the...
Europe wants to rebalance trade with Beijing, but can’t quit Chinese air conditioners
PARIS, FRANCE - JUNE 24: Pedestrians use umbrellas to shield from the sun as record-breaking high temperatures continue in Paris on June 24, 2026 in Paris, France. Li Yang | China News Service | Getty ImagesEurope wants to narrow its record trade deficit with China by October, but the bloc's...
Hormuz relief may not ease the economic toll that’s already ‘baked in,’ analysts warn
Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 17, 2026.Amirhosein Khorgooi | ReutersEarly signs that the Strait of Hormuz is reopening have eased the most acute threat to global energy supplies, but economic damages from the nearly four months of war will take months...