WASHINGTON, Feb 9 (Reuters) - White House economic adviser Kevin Hassett said on Monday that Americans could see smaller job growth numbers in the coming months due to lower population figures and higher productivity.
The combination of strong GDP growth and a pretty big decline in the labor force "because of illegals leaving the country" could lead to lower job numbers, Hassett, director of the National Economic Council, said in an interview with... (continue reading...)
PARIS, Feb 9 (Reuters) - LVMH heir Antoine Arnault was promoted to the luxury group's executive committee on Monday, the latest high-profile appointment as CEO and chairman Bernard Arnault reshuffles leadership roles.
The family-controlled group is facing increased investor scrutiny over its governance structure, Reuters reported last month, with some investors calling for greater transparency on Arnault's succession plans.
Antoine... (continue reading...)
FRANKFURT, Feb 9 (Reuters) - Euro zone inflation is expected to stabilise at the European Central Bank's 2% target after dipping below it this year, but the environment remains uncertain, ECB President Christine Lagarde said on Monday.
"Our updated assessment reconfirmed that inflation should stabilise at our 2% target in the medium term," she told European lawmakers in Strasbourg. "In the current uncertain environment, our data-dependent,... (continue reading...)
PARIS, Feb 9 (Reuters) - The European Union should consider either an unprecedented 30% across-the-board tariff on Chinese goods or a 30% depreciation of the euro against the renminbi to counter a flood of cheap imports, a French government strategy report said on Monday.
Europe is facing a surge in Chinese competitive pressure, with Chinese firms gaining market share, including in industries once dominated by European countries, the report said,... (continue reading...)
BUENOS AIRES, Feb 9 (Reuters) - Argentine financial markets traded cautiously on Monday as political developments increasingly weighed on short- and medium-term investment decisions.
Investors are closely watching this week’s Senate debate over a labor reform bill promoted by libertarian President Javier Milei, as well as new regulations aimed at encouraging undeclared U.S. dollars held outside the financial system —commonly known as “mattress... (continue reading...)
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