Eurozone inflation hit 2% in October, exceeding forecasts and up from September’s 1.7%, driven by services and food prices. Germany witnessed unexpected price increases. The euro strengthened. Inflation in the eurozone accelerated in October, with the consumer price index reaching … Read More
(Bloomberg) — Mexico’s Congress approved a constitutional reform proposed by former President Andres Manuel Lopez Obrador that would require annual minimum wage increases be higher than the previous year’s annual inflation rate. The Senate unanimously approved the proposal submitted to … Read More
BEIJING, Aug 16 (Reuters) – Another round of bad Chinese economic figures is raising pressure on Beijing to loosen the fiscal spigot further and even dole out shopping vouchers to get growth back towards this year’s target of roughly 5%. … Read More
For the first time in 30 years, Argentina experienced a zero-percent increase in the inflation rates of food and drinks during the third week of June, President Javier Milei confirmed on Monday morning. A study published on Sunday by Econométrica, … Read More
The move comes after the bank announced last month that it was pausing the hikes. ANKARA — Turkey’s Central Bank, in a unexpected move, hiked interest rates Thursday by another 500 basis points, from 45% to 50%. The monetary policy committee cited … Read More
Hong KongCNN — Japan has ended its negative interest rate policy, marking a historic shift away from an aggressive monetary easing program that was implemented years ago to fight chronic deflation. As part of the decision, the Bank of Japan (BOJ) … Read More
Greetings from Tyler, I’ve got good news and bad news. The good news is that a law has passed the Texas legislature that will allow the arrest of illegal aliens. The bad news is, it doesn’t take effect until March. … Read More
Western companies that sell their Russian assets restricted from taking proceeds in dollars and euros Russia has reportedly imposed additional currency controls in an attempt to prop up the falling rouble, restricting western companies that sell their Russian assets from … Read More
Credit card debt hit $1 trillion for the first time on record, according to new data, a troubling development as interest rates and delinquencies also rise. Total balances on credit cards and other revolving accounts reached $1 trillion the week … Read More
LA PAZ (Reuters) – Bolivia’s “economic miracle,” a boom in the 2000s and 2010s that saw years of state spending lift millions of people into the middle class, is creaking, a warning sign to the wider region battling high inflation, … Read More