04 September

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Exclusive-Google locks Afghan government accounts as Taliban seek emails -source By Reuters

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By Raphael Satter WASHINGTON (Reuters) - Google has temporarily locked down an unspecified number of Afghan government email accounts, according to a person familiar with the matter, as fears grow over the digital paper trail left by former officials and their international partners. In the weeks since the Taliban's swift takeover of Afghanistan from a U.S.-backed government, reports have highlighted how biometric https://theintercept.com/2021/08/17/afghanistan-taliban-military-biometrics and Afghan payroll https://www.technologyreview.com/2021/08/30/1033941/afghanistan-biometric-databases-us-military-40-data-points databases might be exploited by the new rulers to hunt their enemies. In a statement on Friday, Alphabet (NASDAQ:GOOGL) Inc's Google stopped short of confirming that Afghan government...

03 September

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Black Unemployment Rises Amid Flood of Workers to Labor Force By Bloomberg

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(Bloomberg) -- Black Americans were the only demographic group to see a rise in joblessness in August, an increase that coincided with a robust return to the workforce. The gains in labor participation among African Americans, driven by women, were one of the few signs of improvement in the U.S. job market in an August report that otherwise came up short of estimates. Still, the Black unemployment rate jumped to 8.8% from 8.2% in July. While it has fallen from a pandemic high of 16.7% last year, the rate remains well above the nation’s average. With...

03 September

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U.S. Employment Disparities Shrink in Key Metric Favored by Fed By Bloomberg

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(Bloomberg) -- U.S. employment disparities along racial and ethnic lines narrowed in August, according to a key metric favored by Federal Reserve officials published by the Labor Department in Friday’s monthly jobs report. The so-called prime working-age employment-to-population ratio, which captures the percentage of Americans between the ages of 25 and 54 who currently have jobs, advanced for Black workers in August -- to 73% from July’s 72.3% figure -- outpacing gains for all other groups. For the White population, the rate advanced to 78.6% from 78.5%, while that for Hispanic or Latino population rose to...

03 September

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Fed Delay on Taper Past September Is All But Certain on Job Data By Bloomberg

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(Bloomberg) -- Disappointment over the U.S. August payroll report is all but certain to push Federal Reserve policy makers to delay considering a move to scale back asset purchases at their Sept. 21-22 meeting. The addition of 235,000 jobs last month, falling well short of forecasts and the smallest jobs gain in seven months, suggests U.S. central bankers will need to see additional gains before starting to slow bond buying, economists said Friday following the Labor Department release. Officials wants to see “substantial further progress” in jobs and inflation, and the hiring slowdown -- blamed on...

03 September

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.34% By Investing.com

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Investing.com – U.K. equities were lower at the close on Friday, as losses in the Fixed Line Telecommunications, Oil & Gas Producers and Industrial Transportation sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 declined 0.34%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Fresnillo PLC (LON:FRES), which rose 3.50% or 29.20 points to trade at 862.40 at the close. Centrica PLC (LON:CNA) added 2.41% or 1.26 points to end at 53.50 and Melrose Industries PLC (LON:MRON) was up 2.31%...

03 September

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European stocks mark worst fall in 2 weeks on U.S. job jitters By Reuters

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By Ambar Warrick and Sruthi Shankar (Reuters) - European stocks slipped on Friday as U.S. employment data pointed towards slowing growth in the world's largest economy, with retail and travel stocks exposed to American markets suffering the most. The pan-European STOXX 600 index slipped 0.6%, marking its worst fall in two weeks after data showed the U.S. economy created the fewest jobs in seven month in August. Global equities also tumbled after the data. Retail stocks were among the worst performers for the day, dropping 0.9%. Bookseller WH Smith (LON:SMWH), which makes at least a...

03 September

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UK’s Asda to roll out stores to petrol station forecourts By Reuters

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LONDON (Reuters) -British supermarket Asda said on Friday it would roll out nearly 230 stores on petrol station forecourts as it reported a 0.7% drop in like-for-like sales, excluding fuel, in its second quarter. The supermarket said the fall reflected the exceptional sales levels seen a year ago during the first COVID-19 lockdown and like-for-like sales for the period between April 1 and June 30 were up 3.1% on the same period in 2019 before the pandemic. Asda, which trails leader Tesco (LON:TSCO) and Sainsbury's in market share, was sold to billionaire brothers...

03 September

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U.S. has no plans to release billions in Afghan assets, Treasury says By Reuters

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By Andrea Shalal and Daphne Psaledakis WASHINGTON (Reuters) - The Biden administration has no plans to release billions in Afghan gold, investments and foreign currency reserves parked in the United States that it froze after the Taliban's takeover, despite pressure from humanitarian groups and others who say the cost may be the collapse of Afghanistan's economy. Much of the Afghan central bank's $10 billion in assets are parked overseas https://www.reuters.com/world/asia-pacific/afghan-central-banks-10-billion-stash-not-all-within-reach-taliban-2021-08-17, where they are considered a key instrument for the West to pressure the Taliban https://www.reuters.com/world/what-leverage-do-us-allies-have-over-taliban-afghanistan-2021-09-02 to respect women's rights and the rule of law. ...

03 September

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Jobs Report, Deadly Ida, Sayonara Suga – What’s Moving Markets By Investing.com

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By Geoffrey Smith Investing.com -- The U.S. employment report is due at 8.30 AM ET (1230 GMT), and could cement expectations of a delayed withdrawal from pandemic-era monetary stimulus measures by the Federal Reserve. Hurricane Ida leaves a trail of death and destruction across the north-east, and is also still causing problems for oil companies in the Gulf of Mexico. Japan's Prime Minister Yoshihide Suga steps down after failing to control the latest wave of Covid-19, the country's worst yet. Here's what you need to know in financial markets on Friday. 3rd September. 1. Jobs report...

03 September

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U.S. job growth slows sharply in August; unemployment rate falls to 5.2% By Reuters

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By Lucia Mutikani WASHINGTON (Reuters) - U.S. job growth slowed more than expected in August amid a softening in demand for services and persistent worker shortages as COVID-19 infections soared, but the pace was enough to sustain the economic expansion. Nonfarm payrolls increased by 235,000 jobs last month after surging 1.053 million in July, the Labor Department said in its closely watched employment report on Friday. The unemployment rate fell to 5.2% from 5.4% in July. It has, however, been understated by people misclassifying themselves as being "employed but absent from work." Economists polled by...

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Exclusive-Google locks Afghan government accounts as Taliban seek emails -source By Reuters

Black Unemployment Rises Amid Flood of Workers to Labor Force By Bloomberg

U.S. Employment Disparities Shrink in Key Metric Favored by Fed By Bloomberg

Fed Delay on Taper Past September Is All But Certain on Job Data By Bloomberg

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.34% By Investing.com

European stocks mark worst fall in 2 weeks on U.S. job jitters By Reuters

UK’s Asda to roll out stores to petrol station forecourts By Reuters

U.S. has no plans to release billions in Afghan assets, Treasury says By Reuters

Jobs Report, Deadly Ida, Sayonara Suga – What’s Moving Markets By Investing.com

U.S. job growth slows sharply in August; unemployment rate falls to 5.2% By Reuters

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