Tag Archives: World economy

[ad_1] Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re not keeping up with inflation. Wage growth has been consistent with an inflation rate of …

[ad_1] Ahmad Nourollahi of Iran in action during the FIFA World Cup Qatar 2022 Group B match between England and IR Iran at Khalifa International Stadium on November 21, 2022 in Doha, Qatar. Richard Sellers | Getty Images Sport | Getty Images Iranian state media is calling for the U.S. …

[ad_1] Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images Black Friday may offer an opportunity to bag a bargain ahead of the festive period, but many shoppers will be expecting retailers to cut prices …

[ad_1] A yacht that can be rented to watch the World Cup while sailing around Dubai is docked in Dubai harbor on November 1, 2022, ahead of the Qatar 2022 FIFA World Cup football tournament. Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images) Giuseppe Cacace …

[ad_1] LONDON — U.K. growth has lagged the world’s biggest economies since the Covid-19 pandemic and is substantially below the OECD average, according to a new report from the influential Paris-based group. U.K. gross domestic product has contracted by 0.4% between the fourth quarter of 2019 and the third quarter …

[ad_1] Krisztian Bocsi | Bloomberg | Getty Images The Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock. The combination of the lack of drivers to move containers and cars out of the port and …

[ad_1] A British one pound coin sits in this arranged photograph in London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — The British pound‘s exchange rate against the U.S. dollar has been on a rollercoaster ride in recent months. After a year of steady decline, it plunged to an all-time …

[ad_1] Public aid and funding from governments of developed countries alone won’t be enough to close the funding gap on climate change initiatives in developing countries, IMF chief Kristalina Georgieva told CNBC.  More private investments are needed to help developing countries to meet their climate change targets, said the managing …

[ad_1] The average household energy bill is going from £1,400 to £2,500, and consumer confidence has plummeted. [ad_2] Source link

[ad_1] LONDON – August 26, 2022: CWU general secretary Dave Ward (in grey suit jacket) visits the picket line in Whitechapel on August 26, 2022. Members of the Communication Workers Union (CWU) voted in favour of strike action by 97.6 per cent in the ballot, in the biggest strike of …