Economy
Retail Spending Climbs 0.9% in May as Weather Improves, Gas Prices Cool
U.S. retail sales rose 0.9% in May, exceeding expectations as warmer weather and cooling gasoline prices encouraged consumer spending. This gain follows...
Economy 189 articles
Economy
UK Inflation Holds Steady at 2.8% as Food Price Rises Slow
UK inflation remained unexpectedly steady at 2.8% in May, defying forecasts, as a significant slowdown in food price increases offset rising transport...
Economy
£5 Coffee: A Microcosm of Global Economic Turmoil
The rising cost of coffee, now hitting £5 in some city centres, reveals a complex interplay of climate shocks, trade tariffs, and...
Economy
Taiwan Bond Yields Climb on Cash Squeeze, AI Stock Boom
Taiwan's bond yields are rising as a cash squeeze, driven by tax payments and AI-fueled brokerage loan demand, combines with inflation fears...
Economy
US Warns France: Scrap Digital Tax or Face 100% Wine Tariffs
Ahead of the G7 summit, US President Donald Trump warned of 100% tariffs on French wines unless France scraps its digital services...
Economy
Crop Prices Fall on Hormuz Reopening Prospect
Grain futures declined in Chicago following news of a potential Strait of Hormuz reopening, promising easier access to vital farm inputs and...
Economy
Millions Eligible for Bill Discounts on Water, Broadband, Phone
Millions of individuals receiving benefits can access discounted rates on essential services like water, broadband, and phone bills through "social tariffs." Many...
Economy
Argentina’s Inflation Hits 8-Month Low, Milei Hails Economic Progress
Argentina's monthly inflation slowed to 2.1% in May, an 8-month low, providing a significant boost for President Javier Milei's economic agenda. This...
Economy
Gas Price Drop Lifts Consumer Sentiment 9% From Record Low
Consumer sentiment saw a 9% improvement in June, according to preliminary University of Michigan data, driven by easing gas prices after hitting...