Economy
St Helier Central Voters Voice Stark Cost of Living Fears
St Helier Central residents are grappling with escalating poverty and cost of living pressures, with food bank usage tripling and some Portuguese...
Economy 240 articles
Economy
Retail Sales Growth Halves in April as Higher Gas Costs Curb Spending
U.S. retail sales growth slowed significantly in April to 0.5%, down from March's 1.6%, as elevated gas prices, fueled by the Iran...
Economy
China Now U.S. Peer After Trade Clash, Says Security Expert
A former national security official contends China has emerged as a peer to the U.S. following a trade conflict initiated by Trump's...
Economy
Poland’s Wnorowski Flags Economic Risks Over Inflation Concerns
MPC member Henryk Wnorowski prioritizes safeguarding economic growth from geopolitical shocks over immediate inflation control, urging caution on interest rate hikes for...
Economy
Wholesale Prices Jump 6%, Companies Face Pressure to Raise Consumer Costs
U.S. producer prices rose 6% from a year earlier, the largest increase since December 2022, intensifying pressure on companies to pass higher...
Economy
Iran’s Economy Falters Under War, Blockade: Inflation Soars, Rial Plummets
Iran's economy faces unprecedented strain from war and US blockade, with annual inflation at 53.7% and the rial losing over half its...
Economy
Manufacturers Diversify Supply Chains After Tariff Impact
One U.S. and one Chinese manufacturer are expanding supply chain diversification after weathering Trump's tariffs, even as Beijing and Washington seek to...
Economy
Inflation Jumps to Highest Since 2023: Gas, Airfares, Housing Drive Costs Up
U.S. inflation hit its highest level since May 2023 in April, with consumer prices up 3.8% annually. Soaring gasoline prices, airfares, and...
Economy
Trump, Xi Summit: Trade Truce Holds, But Deeper Issues Linger
President Trump heads to Beijing aiming to stabilize trade with China, extending a truce. However, underlying tensions over technology, minerals, and global...