BASF (BFA.L,BASFY.PK), a German chemicals major, said that it expects to report a loss in fiscal year 2022 compared to profit last year, due to non-cash-effective impairments on the shareholding in Wintershall Dea. Annual preliminary sales and EBIT before special items are at the level of average analyst estimates. But EBIT is below analyst consensus due to non-cash-effective impairment. BASF […]

Global employment growth is expected to ease to half of the current growth rate in 2022, as labor market recovery may be prevented by uncertain economic conditions amid persisting Covid pandemic conditions, the International Labour Organization, or ILO, said on Monday. Growth in global jobs is forecast to drop to 1.0 percent in 2023 from 2.0 percent in 2022, the […]

Alabama lawmakers are considering sending tax rebates to taxpayers as the state witnesses a massive budget surplus of more than $2.7 billion. If what lawmakers are considering materializes, eligible taxpayers could get up to $500 in tax rebates from Alabama. Tax Rebates From Alabama: Who Could Get Them And How Much Alabama’s budget that funds education has a $2.7 billion […]

A highly anticipated report released by the Labor Department on Thursday showed a modest decrease in U.S. consumer prices in the month of December. The Labor Department said its consumer price index edged down by 0.1 percent in December after inching up by 0.1 percent in November. Economists had expected consumer prices to come in unchanged. The report also showed […]

Inflation cooled down to 6.5% in December, compared to consensus estimates of 6.5%, according to the new CPI print. Core CPI stood at 5.7%, while economists expected a 5.7% annual increase. Core CPI Down at 5.7% The U.S. Bureau of Labor Statistics published the first consumer price index (CPI) report of the year, showing that the annual inflation rate fell […]