Economy


Business Briefs – June 17, 2018

Why Many Americans Aren’t Benefiting From Robust U.S. Economy WASHINGTON (AP) – “The economy,” Federal Reserve Chairman Jerome Powell declared this week, “is doing very well.” And it is. Steady…

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100-Story Skyscraper Approved for Tel Aviv

Tel Aviv will soon be the home of a true world-class skyscraper – a 100-story tower that will be built in downtown Tel Aviv, near the municipal border with Ramat…

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Grants for Businesses to Hire Chareidim, Others

The Economy Ministry is starting a new program that will provide grants and assistance to businesses that hire members of “targeted” populations, including Arabs, Bedouin, chareidim, Druze, single parents, residents…

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Services Firms Grew at Faster Pace in May

U.S. services firms expanded at a stronger pace in May compared to the prior month, as companies saw gains in business activity, new orders and employment. The Institute for Supply…

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Greek Economy Grows for Fifth Straight Quarter

Greece’s economy has grown for a fifth consecutive quarter, keeping the country’s recovery on target as eight years of international bailout programs are due to end in August. The Greek…

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U.S. Consumer Spending Up 0.6 Percent, Best in 5 Months

U.S. consumer spending increased more than expected in April, a further sign that economic growth was regaining momentum early in the second quarter, while inflation continued to rise steadily. Other…

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U.S. First-Quarter Growth Revised a Touch Lower

U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending, but a robust labor market and income tax…

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CBS: Israeli Standard of Living Rises Again

Israelis are living better now than ever before, the Central Bureau of Statistics (CBS) said in its latest report. Personal spending rose 10 percent in annualized terms in the first…

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Israeli Economy Continues to Shoot Ahead

The Israeli economy continued to perform well in the the first quarter. Israel’s Gross Domestic Product rose an annualized 4.2 percent in the first quarter of 2018, a threefold increase…

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