Imran Khan, the former Prime Minister and Chairman of Pakistan Tehreek-e-Insaf, criticized Prime Minister Shehbaz Sharif\’s austerity measures, saying that the people are ready for revolution, not inflation. He accused the PM and his allies of being responsible for the economic destruction of the last ten months. He also warned the parties in power that […]
[ BERLIN: Germany’s new 6.9% inflation reading for 2022 is one point lower than previously reported due to revisions by the statistics office to how the consumer price index is measured. A new base year is introduced every five years, Stephanie Hirner, head of the prices group at the statistics office said on Wednesday. In […]
[ Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say the first-quarter results that start arriving later this week will be a reminder of the mixed economic picture ahead. On the positive side are the signs of easing inflation and job reports that keep surprising to […]
[ Press play to listen to this article Voiced by artificial intelligence. LONDON — Joe Biden\’s \”protectionist\” Inflation Reduction Act won\’t help the U.S. counter the rise of China and could create a \”single point of failure\” in key supply chains, Britain\’s trade chief Kemi Badenoch warned. Speaking at a POLITICO event Tuesday night, Badenoch […]
WELLINGTON: New Zealand’s central bank raised interest rates by 50 basis points to a more than 14-year high of 4.75% on Wednesday, and said it expects to keep tightening further as inflation remains too high, a hawkish signal that sent the local dollar surging. The Reserve Bank of New Zealand (RBNZ) said it was too […]