February 12, 2026
United States:
US Jobless Claims Settle Back After Severe Winter Weather
Applications for US unemployment benefits edged down last week following a surge during severe winter weather in the previous period.
Initial claims decreased by 5,000 to 227,000 in the week ended Feb. 7, according to Labor Department data released Thursday.
Europe:
UK Growth Disappoints at End of Year as Services Stagnate
The UK economy grew less than forecast in the fourth quarter as business investment shrank and services stagnated, adding to pressure on embattled Prime Minister Keir Starmer.
Gross domestic product rose 0.1%, the Office for National Statistics said Thursday. It followed growth of 0.1% in the third quarter and fell short of the 0.2% median estimate of economists surveyed by Bloomberg.
Asia:
China Economists Urge Looser Capital Controls as Dollar Wobbles
Several prominent Chinese economists have called for loosening restrictions on the movement of money in and out of the country, arguing that a weaker dollar provides a historic opportunity to boost the yuan’s global appeal by increasing its convertibility.
In what would represent a tectonic policy shift for the world’s No. 2 economy, Miao Yanliang — chief strategist at China International Capital Corp. — said in an article Tuesday that conditions are becoming ripe to push for such reforms without necessarily provoking massive capital outflows.
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