US economy shrank 2.9% in Q1
US economy
Washington - AFP
The US economy shrank 2.9 percent in the first quarter, the sharpest contraction in five years, the Commerce Department said Wednesday.
The previous estimate was a 1.0 percent contraction for the first three months of the year, and analysts had expected a more modest 1.8 percent decline.
The Commerce Department said it downwardly revised its May gross domestic product number after newly available data showed weaker growth in consumer spending and a larger increase in exports.
The contraction in the world's largest economy was the steepest since the 2009 first quarter, when the US was mired in deep recession following the 2008 financial crisis.
- Wednesday ,03 January GMT 13:33 2018 Turkey inflation rate eases but still stubbornly high in December
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 09:57 2016 Wednesday ,23 March
cartoon two
GMT 10:22 2016 Wednesday ,23 March
cartoon twelve
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 15:25 2017 Sunday ,15 October
Late Ronaldo winner rescues Real at Getafe
GMT 10:22 2016 Wednesday ,23 March
cartoon thirteen
GMT 07:53 2017 Thursday ,26 October
Kiwis make 230-9 in India ODI amid pitch-tampering controversy
GMT 21:38 2017 Tuesday ,12 September
Chubb picks Paris as post-Brexit EU headquarters
GMT 17:33 2017 Sunday ,16 April
Algerian army begins biggest combing operation in Skikda, east of the country
GMT 14:03 2017 Saturday ,29 July
Home of Kenya Deputy President William Ruto attacked
GMT 10:50 2017 Wednesday ,19 April
Blue Jackets stay alive in NHL playoffs with win over Penguins
GMT 11:13 2017 Sunday ,01 October
City rocked as Aguero suffers broken rib in car crash
GMT 11:44 2017 Thursday ,16 February
Simple secrets for overcoming gym intimidation
GMT 18:04 2017 Tuesday ,07 February
Pakistan court dismisses plea challenging Hafiz Saeed's detention
GMT 14:49 2017 Sunday ,24 December
At least 10,000 killed in 1989 Tiananmen crackdown
GMT 16:46 2017 Friday ,25 August
Former VW engineer gets 40 months in 'dieselgate' scandal
GMT 11:44 2017 Thursday ,07 September
France flies in aid to stricken Caribbean islands
GMT 20:43 2017 Monday ,18 September
India calls Rohingya a security threat to back deportation case
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor