Economic News
EU fines Meta EUR 798m over Facebook Marketplace competition concerns
The European Union has imposed a €797. 72m fine on Facebook’s parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online classifieds business.
US initial jobless claims fall to 217,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 9 November, according to the Labor Department.
US producer prices rise 0.2pc in October
US producer prices increased in October, according to the Bureau of Labor Statistics.
Chancellor to shake-up council pension schemes
Rachel Reeves is to use her first Mansion House speech as chancellor to unveil a slew of reforms to UK pension rules.
Eurozone employment grows in Q3, GDP at 0.4%
Employment in the eurozone rose slightly more than expected in the third quarter, while the economy’s growth rate was 0. 4%, according to official flash estimates published on Thursday.
House prices continue to climb - Rics
UK house prices continued to rise in October, a closely-watched survey showed on Thursday, as the market benefited from lower borrowing costs.