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Jobless rate drops in nearly every US state

  Bloomberg The unemployment rate fell last month in more than half of US states, including in 12 where jobless rates dropped to record lows. Nebraska and Utah, with unemployment at 2.1%, tied for the lowest in the country, according to Labour Department data. Arkansas, Georgia, Idaho, Indiana, Kansas, Mississippi, Montana, Oklahoma, West Virginia and Wisconsin also posted record lows ...

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Italian business, consumer confidence slump in March

  Bloomberg Confidence among Italian businesses and consumers fall sharply on concerns about the economic consequences of Russia’s invasion of Ukraine. The economic sentiment index fell to 105.4 in March from a revised 107.9 in February, statistics office Istat said. Measures of consumer and manufacturing confidence both declined, with the former reaching its lowest level since January 2021. Expectations for ...

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EU proposes $1.65bn package to shore up food security

Bloomberg The European Union (EU) is proposing a 1.5 billion-euro ($1.65 billion) funding package for farmers, plus freeing up fallow land for crops as it seeks to shore up food security after Russia’s invasion of Ukraine. Food prices have soared as the war cuts off most shipments from Ukraine, a major grain and chicken exporter. In the first ever release ...

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