Talks seek to keep ties between world's two biggest economies steady despite simmering trade tensions
Some of America's largest companies say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive
The 2023 youth unemployment rate of 13% represents a fall from the 2019 pre-pandemic rate of 13.8%, the ILO reports
At issue for many investors is the trajectory of the US economy
Local government debt is estimated at up to $11 trillion
The S&P 500 jumped 2.3% after a better-than-expected report on unemployment calmed worries about a slowing economy
The S&P 500 rose 1%. The Dow Jones Industrial Average climbed 0.8%, and the Nasdaq composite added 1%
European markets were mostly lower, with Germany's DAX down 0.4% at 17,277.27 and the CAC 40 in Paris 0.7% lower, at 7,098.89
Pakistan's military rejects long-standing allegations that it is also playing a role in illegal trade
Weaker US job growth, higher unemployment spook investors
Proposals to screen outbound investment - European capital being invested in foreign semiconductor, AI and biotechnology companies - are being considered, though no EU decision is expected before 2025
US job growth slowed more than expected in July, a Friday report shows, while unemployment rate increased to 4.3%, heightening fears that deteriorating labor market could make economy vulnerable to recession
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