June 2024

Employers added 272,000 jobs last month, the Labor Department reported Friday, well above what economists had expected as hiring had gradually slowed. That was up from an average of 232,000 jobs in the previous 12 months, muddying the picture of an economy easing into a more sustainable pace. Most worrying for the Federal Reserve, which…

Iran’s presidential election on Friday saw remarkably low turnout, with initial estimates indicating that only about 25% of eligible voters participated. This is a significant drop from the 70% turnout recorded in previous elections and falls short of the 50% target set by the ruling clerics, who view voter participation as a measure of their…

The Federal Reserve’s preferred measure of inflation continues to show signs of cooling, accompanied by moderate growth in consumer spending – welcome news for central bankers aiming to control rising prices and curb demand. The personal consumption expenditures (PCE) index rose 2.6% year-over-year in May, in line with economists’ expectations and down slightly from a…

Shahjahan Bhuiya, who rose to fame by executing some of Bangladesh’s most notorious criminals in exchange for reduced sentences for his own crimes and later gained brief fame on TikTok, died on Monday in Bangladesh’s capital Dhaka. The National Police announced Tuesday that the cause of his death, which occurred in hospital, has not yet…