US employment is on the rise as COVID cases subside.
The dollar hit a more-than one-year high on Friday after data showed the United States created more jobs than expected in October, pushing the country closer to full employment, one of the Federal Reserve’s conditions for raising interest rates.
European Central Bank policymakers said on Friday, eurozone inflation will fall next year, even if more slowly than once thought, suggesting conditions for a 2022 interest rate hike, which markets have priced in for October, will not be met.
Britain will not trigger an emergency provision in its Brexit deal on Friday, its negotiator said on arriving for talks with the European Union’s point man aimed at overcoming disagreements over trade across the Irish border.
US employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum early in the fourth quarter.
A trial of Pfizer Inc’s experimental antiviral pill for COVID-19 was stopped early after the drug was shown to cut by 89% the chances of hospitalization or death for adults at risk of developing severe disease, the company said on Friday.
|Volkswagen CEO Herbert Diess’ frail relationship with German labor representatives hit a new low this week with disagreement over how radical the overhaul at Europe’s top carmaker must be in its quest for electric vehicle dominance.|
||Facebook leaks revealed that the company’s own staff, including internal researchers, faulted it for failing to stop the proliferation of groups that fomented the US Capitol attack on Jan. 6. And internal studies spotlighted the potential risks of its Instagram photo-sharing app for teen girls.|
|General Motors Co confirmed Friday it will again halt production at its Orion Assembly plant in Michigan, which makes the Chevrolet Bolt electric vehicle, for three more weeks.|