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inflation

Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc’s big pay bump

by Ron Morgan
Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc’s big pay bump

A worker of Japanese automobile giant Toyota Motor assembles auto parts to newly designed Crown at the company’s Motomachi plant in Toyota city near Nagoya, central Japan on July 30, …

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Voters blame businesses more than Biden for sticky inflation

by Vera Ward
Voters blame businesses more than Biden for sticky inflation

President Joe Biden speaks during an event about lowering costs for American families at the Granite State YMCA Allard Center of Goffstown on March 11, 2024 in Goffstown, New Hampshire.  …

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Californians face higher costs for goods and services than before the pandemic despite inflation slowing

by Vera Ward
Californians face higher costs for goods and services than before the pandemic despite inflation slowing

Pandemic-era inflation has fallen from its peak two years ago, but the costs of many goods and services continue to rise and are still higher than before the onset of …

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Opinion | How can China hit its GDP target when it needs to grow just to stand still?

by Anas Siddiqui
Opinion | How can China hit its GDP target when it needs to grow just to stand still?

Does anyone really believe that China will hit its growth target for this year of “around 5 per cent”? Even Premier Li Qiang, who announced the ambitious goal on Tuesday …

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See how much student loan debt President Biden has canceled

by Vera Ward
See how much student loan debt President Biden has canceled

By Katie Lobosco and Annette Choi | CNN Washington — President Joe Biden’s plans to deliver widespread student debt relief were dealt a serious blow last year when the Supreme …

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Watch Fed Chair Powell testify live before Senate Banking Committee

by Walter Watson
Watch Fed Chair Powell testify live before Senate Banking Committee

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell …

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Bank of Canada worries a rate cut now could overheat the spring housing market

by Anas Siddiqui
Bank of Canada worries a rate cut now could overheat the spring housing market

The Bank of Canada is trying to thread a needle. It’s keeping rates higher for longer at least in part because it’s worried a rate cut now could undermine the …

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Why Nigeria is experiencing inflation – Finance Minister

by Ron Morgan
Why Nigeria is experiencing inflation – Finance Minister

The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, says the Central Bank of Nigeria (CBN) under the leadership of Godwin Emefiele printed a total of N22.7 …

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India economy news: Indian economy to grow 6.8% in FY25, inflation to ease to 4.5%: Crisil

by Ron Morgan
India economy news: Indian economy to grow 6.8% in FY25, inflation to ease to 4.5%: Crisil

Indian economy will likely expand 6.8% in the coming fiscal, retaining the fastest growing large economy tag, on the back of a gradual pick-up in private sector capex, Crisil said …

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Ottawa’s fiscal wiggle room squeezed by rising debt costs, watchdog says – National

by Vera Ward
Ottawa’s fiscal wiggle room squeezed by rising debt costs, watchdog says – National

The Liberal government is facing a tough fiscal position heading into the 2024 budget, according to new projections from the Parliamentary Budget Officer. Ottawa is simultaneously dealing with rising debt …

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