inflation

BUDAPEST  – Hungary slapped a fine on Irish airline Ryanair on Monday (Aug 8) for passing on to customers the cost of a special tax that Budapest has imposed on some companies in response to…

NEW YORK – Wall Street stocks finished higher on Wednesday (July 6), rising after Federal Reserve minutes maintained a tough line on inflation, while a services industry survey…

NEW YORK – Wall Street stocks sank on Friday (June 10) after inflation exceeded expectations in a much-anticipated report that sets the stage for more monetary tightening. The…

MOSCOW – Annual inflation in Russia slowed to 17.1 per cent in May from a two-decade high of 17.8 per cent in April, the state statistics agency said on Wednesday (June 8).…

SINGAPORE – Food protectionism is on the rise in the developing world as governments try to safeguard local supplies, and the effects are threatening to spill over into richer…

WASHINGTON – President Joe Biden on Tuesday (May 10) acknowledged the pain felt by Americans from the highest inflation in four decades but said it is his “top domestic priority”…

BEIJING – China’s factory gate prices rose more than expected in March as oil prices climbed, putting pressure on manufacturers that are already struggling to operate amid…

NEW YORK – The Federal Reserve raised interest rates by a quarter percentage point and signalled six more such hikes this year, launching a campaign to tackle the fastest…

In Brazil, a major supplier of corn and soybeans, a crippling drought is ruining crops. Dry weather also wilted fields in Canada and parts of the US last year. Farmers in North…

LONDON – The Bank of England (BOE) unexpectedly raised interest rates for the first time since the pandemic struck, setting aside the threat to the UK economy posed by record…