Overseas Headlines – February 9, 2023

February 9, 2023

United States:

US Jobless Claims Pick Up for the First Time in Six Weeks

Applications for US unemployment benefits rose for the first time in six weeks but remained historically low, underscoring the resilience of the job market despite mounting economic uncertainty.

Initial unemployment claims rose by 13,000 to 196,000 in the week ended Feb. 4, Labor Department data showed Thursday.



German Inflation Slows to Five-Month Low on Energy Aid

German inflation slowed in January to the lowest level in five months thanks to further government aid to ease the burden on households from soaring energy costs.

Consumer-price growth eased to 9.2% from 9.6% in December, Germany’s statistics agency said Thursday.



China’s State Refiners Buy More Russian Oil, Energy Aspects Says

China’s state-owned oil majors have stepped up Russian imports in a sign that Beijing is ready to give the go-ahead for more purchases of the country’s crude, according to industry consultants Energy Aspects.

PetroChina Co. and CNOOC Ltd. recently resumed imports of waterborne Russian oil, with at least three supertankers of Urals-grade crude signaling China as a destination.



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