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 164 articles
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...
Economy
E.On Plans Ovo Energy Takeover, Creating UK’s Largest Supplier
Rival E.On announced plans to acquire Ovo Energy, potentially forming Britain's largest energy supplier. Customers are urged not to panic as existing...
Economy
Trump, Xi Summit Tests Tariff Truce Amid Legal Setbacks
US President Donald Trump's upcoming visit to China marks a critical test for the fragile trade truce, as his tariff policies face...
Economy
China’s Factory Inflation Hits Post-Covid High on Iran War Cost Shock
China's producer prices jumped 2.8% in April, the fastest since the pandemic, as the Iran war fallout sharply raised costs. This ends...
Economy
Inflationary Pressures Mount as US Consumers Face Persistent Price Hikes
New consumer price data is expected to confirm rising inflation, with economists forecasting a 0.6% CPI increase for April, deepening consumer frustration.