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U.S. Weekly Jobless Claims Edge Slightly Higher
First-time claims for U.S. unemployment benefits edged slightly higher in the week ended December 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 230,000, an increase of 4,000 from the previous week's revised level of 226,000.
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U.S. Weekly Jobless Claims Inch Up To 230,000
First-time claims for U.S. unemployment benefits edged slightly higher in the week ended December 3rd, according to a report released by the Labor Department on Thursday.
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Bay Street Likely To See Mixed Open
Canadian shares are likely to open on a mixed note on Thursday, tracking crude oil and bullion prices.
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U.S. Dollar Higher On Recession Worries
The safe-haven U.S. dollar appreciated against its major counterparts in European deals on Thursday, on concerns that the Federal Reserve's tightening would push the economy into a recession.
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German Self-Employed Having Major Survival Concerns: Jimdo-ifo Survey
Despite a moderate recovery in business confidence among the self-employed in Germany, they remained pessimistic in November as they have major concerns about their survival amid the risk of a recession in the biggest euro area economy, results of a survey suggested on Thursday.
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Sensex, Nifty End Choppy Session Modestly Higher
Indian shares fluctuated before ending slightly higher on Thursday as investors monitored the Gujarat and Himachal Pradesh assembly election results. Global cues were mixed despite China further relaxing its zero-COVID policy.
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Google To Combine Maps And Waze Teams
Google, owned by Alphabet Inc., plans to merge its teams working on Maps products and the mapping service Waze with effect from December 9, reports said. The decision to consolidate processes comes as the search giant is facing pressure to streamline operations and cut costs. The restructuring is expected to reduce overlapping work across the Waze and Maps products.
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more news
UK Job Placements Fall Further On Candidate Shortage, Economic Uncertainty
Labor shortage and economic uncertainty once again dragged permanent job placements in the UK, and rising inflation coupled with competition for workers continued to send the starting salaries higher, a survey report compiled by S&P Global showed Thursday, vindicating the tightness of the labor market.
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European Shares Subdued Ahead Of Lagarde Speech
European stocks were flat to slightly lower on Thursday amid lingering U.S. rate hike woes and concerns over Chinese growth.
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FTSE 100 Little Changed In Lackluster Trade
U.K stocks were subdued on Thursday as cigarette maker British American Tobacco warned of rising costs and a survey showed signs that demand for staff and pay growth eased in November.
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Google, Microsoft, Oracle, Amazon Awarded $9 Bln Worth Pentagon Cloud Deal
The Pentagon announced that up to $9 billion worth of cloud-computing contracts were awarded to Google, Oracle, Amazon, and Microsoft. In a statement, the U.S. Department of Defense said, "The purpose of this contract is to provide the Department of Defense with enterprise-wide, globally available cloud services across all security domains and classification levels..."
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CAC 40 Little Changed As Recession Worries Mount
French stocks were little changed on Thursday amid concerns that the Federal Reserve's ongoing interest rate hikes are driving the U.S. economy straight into a recession.
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DAX Edges Higher In Cautious Trade
German stocks edged up slightly in cautious trade on Thursday amid U.S. rate hike woes and concerns over Chinese growth.
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