Inflation steady in January, below economist expectations of a bounce
Consumer prices rose 3.4 per cent over the year to January, steady at the same annual rate of inflation as in December. The bureau's head…
Economists expect inflation eased in January, but housing still ‘thorn’ in BoC’s side
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Canadian Press Nojoud Al MalleesPublished Feb 19, 2024 • 3 minute read Statistics Canada is set to release…
Angry motorists urge Chancellor Jeremy Hunt to make more cuts to fuel duty in Budget
TENS of thousands of drivers have today told Chancellor Jeremy Hunt to “Keep It Down” — and make more cuts to fuel duty. Campaigners FairFuelUK…
‘Preparation is key’, Wheeler Dealers expert issues urgent warning over dramatic rise in classic car prices
A WHEELER Dealers expert has issued an urgent warning as the price of classic cars soars. Motors expert, Mike Brewer, warned that when it comes…
‘Always a reason to buy beauty’: Young shoppers keep cosmetics hot despite inflation
Breadcrumb Trail LinksPMN Retail & MarketingPMN BusinessAuthor of the article:The Canadian Press Tara DeschampsPublished Feb 18, 2024 • 4 minute read Article contentTORONTO — In…
Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated Press Chinedu AsaduPublished Feb 17, 2024 • 4 minute read Article contentABUJA, Nigeria (AP) — Nigerians are…
ECB’s Lagarde Sees Wages Gain Importance as Inflation Driver
Breadcrumb Trail LinksPMN BusinessEuropean Central Bank President Christine Lagarde said rising salaries are becoming an ever-more significant factor as policymakers assess when they can begin…
Health insurers accused of charging more for top-level hospital cover than price cap set by federal government
In short: A report from consumer group Choice has found health insurers have been significantly increasing prices for premium hospital cover well above a rate approved…
UK inflation rate remains unchanged at 4% in January – what it means for your money
THE UK’s rate of inflation remained at 4% in January in a blow for household budgets. The annual rate at which prices are rising remained at the…
In worst 1-day loss in nearly a year, Dow tumbles 525 points on new inflation data
Traders work the floor of the New York Stock Exchange (NYSE) on Wall Street in New York City. On Tuesday, the Dow Jones Industrial Average…
Markets’ week ahead: European stocks rise ahead of US inflation print
The US inflation report out on Tuesday could have a huge role in determining when and by how much the Federal Reserve decides to cut…
Why is the US economy so resilient? | Business and Economy
The US economy is on a tear, and it has pulled far ahead of the rest of the world. Geopolitical tensions, the pandemic’s lingering aftershocks,…
Slower US Inflation Is Set to Fuel Fed Cut Optimism
Breadcrumb Trail LinksPMN BusinessThe pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal…
US Federal Reserve member Loretta Mester joins central bank chorus pushing back on rate cut hopes
A voting member of the US Federal Reserve has joined the chorus of central bank officials pushing back against the prospect of interest rate cuts…
‘We Can’t Breathe’: Renewed Hardship As Inflation Chokes Nigerians
On Feb. 5, residents of Minna, the capital of Niger State in North Central Nigeria, took to the streets to protest over the rising cost…
Turkey appoints Fatih Karahan as new central bank chief after Erkan resigns | Business and Economy News
The appointment comes a few hours after the resignation of Hafize Gaye Erkan citing a media scandal. President Recep Tayyip Erdogan has named the central…
With Australia’s economy at a turning point, are the stage 3 tax cuts enough to lift the government’s political fortunes?
The Australian economy is at a turning point. When the Reserve Bank meets this week for the first time in 2024, it will be assessing…
Bank of England forecasts inflation will fall to target of two per cent 18 months early
THE Bank of England yesterday forecast inflation will fall to its target of two per cent 18 months earlier than expected. The encouraging news led…
Opinion: Biden’s got a good-news deficit. What will turn it around?
If President Biden’s reelection hinged on the state of the economy, he’d be a good bet, or at least a better one. Instead, it’s voters’…
Inflation, high interest rates biggest headwinds facing EVs in 2024
Article contentInflation and elevated interest rates continue to be the biggest challenges facing the auto sector in 2024, says one industry expert, and that could…