GDP growth slumped to 5.8% in January-March, the lowest in 20 quarters. And the unemployment rate rose to a multi-year-high of 6.1% in the 2017/18 fiscal year. Presenting the Union Budget , she said crude prices have softened from their highs and it gives her room to review excise duty and cess on petrol and diesel.
Thomas, Strathroy, and other surrounding communities, dripped slightly to 4.9 per cent last month, down from 5 per cent in May. Almost 70 per cent of students between 20 and 24 were employed in June, up sharply from 65.8 per cent a year ago, marking the highest reading for that month since 2008.
After a massive and devastating fire at a Jim Beam bourbon warehouse in Kentucky, the wildlife in the nearby Kentucky River is now paying the price. Approximately 45,000 barrels of bourbon were in the burning warehouse. Sprinklers activated in the warehouse that burned, it said. If all of the barrels held bourbon, that would be a loss of at least 6.75 million bottles, the Courier Journal reported.
In other currencies, the Australian dollar rose 0.3% against the USA dollar to US$0.6986 AUD= after the RBA lowered interest rates by 25 basis points to a record low of 1.00%, matching economists' expectations. National Australia Bank will also reduce its variable home loan rate by 0.19 percentage points while Westpac will cut its rate by 0.20 percentage points.
Born to Italian immigrant parents in Allentown, Pennsylvania in 1924, Mr. Iacocca began his career as an engineer at the Ford Motor Company in 1946 In 1964 he cemented his place in history by designing and launching the Ford Mustang , which sold 419,000 in its first year, one of America's most iconic cars.
The United States also agreed not to impose additional tariffs on the world's second-largest economy, and the detente is good news for markets. The S&P 500 posted 85 new 52-week highs and no new lows; the Nasdaq Composite recorded 88 new highs and 40 new lows.