Economy News

U.S. employment up 950,000, wages rose

Although the Delta mutation of the highly contagious Covid-19 has spread throughout the country, the July employment trend showed solid growth for the U.S. economy. In addition, it confirmed that the economy is not so overheated that the Federal Reserve needs to advance its rate hike clock. A total of 943,000 new jobs were created […]
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ING reports a jump in net profit in Q2

ING, the Dutch bank, reported a second quarter profit of nearly $1.46 billion, up almost fivefold over one year, as the economy recovered, a performance beyond analysts’ expectations. Netherlands’ largest bank, ING, headquartered in Amsterdam, is benefiting from the economic recovery following the impact of the Covid-19 crisis, which forced it to set aside more