Bank of Canada cuts interest rates, warns trade conflict will ‘hurt’ | Business and Economy News
Bank of Canada governor warned that a tariff war with the US would ‘badly hurt’ economic activity in Canada.The Bank of Canada (BOC) has trimmed…
Australia’s Cooling Inflation Opens Door to RBA Rate Cuts
Breadcrumb Trail LinksPMN BusinessAustralia’s core inflation eased by more than expected in the final three months of 2024, opening the door to an interest-rate cut…
My mortgage bill jumped by £600 a MONTH as 1.8million face bill shock this year
FATHER-OF-TWO James Poulter has been forced to slash his household spending to keep up with his mortgage payments after his interest rate soared.The 37-year-old, bought…
Struggling Primark blasts Government as waning business confidence strangles economy
PRIMARK has called on the Government to deliver “tangible” growth rather than “generic words” as waning confidence starts to strangle the economy.The fashion retailer yesterday…
For Trudeau’s successor, safeguarding Canada’s economy a ‘daunting’ task | Business and Economy News
The return of United States President Donald Trump to the White House has delivered a jolt to the stewards of Canada’s $2.1 trillion economy. Already…
The last chapter of Biden’s presidency is likely to change his legacy
Our survey of presidential experts a year ago drew attention for ranking Joe Biden 14th among the presidents, ahead of such consequential chief executives as…
Inflation data likely to show further slowing, partly due to GST break: economists
Breadcrumb Trail LinksPMNPMN BusinessAuthor of the article:The Canadian PressRosa SabaPublished Jan 19, 2025 • 3 minute read You can save this article by registering for…
Charting the Global Economy: Inflation Cools in US and UK
Breadcrumb Trail LinksPMN BusinessMeasures of inflation eased in the US and UK last month, propping up bond prices after deep selloffs and bolstering bets on…
New mobile and broadband rules kick in from TODAY as millions set to face ‘unfair’ bill rises
NEW mobile and broadband rules set to be introduced today could see millions facing "unfair" bill rises. From today (January 17) telecoms firms must set…
European stocks rally following US and UK inflation data
European stock markets experienced a strong rally following cooling inflation data from the UK and the US on Wednesday. However, the weakness in the euro…
US firms boost imports ahead of Trump tariffs | Donald Trump News
US imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump’s plan to…
Boost for under fire Rachel Reeves after surprise inflation fall raises hopes of interest rate cuts
UNDER-pressure Rachel Reeves was given a glimmer of hope as inflation fell — raising interest rate cut hopes.The Chancellor saw inflation sink 0.1 per cent…
Euro rebounds ahead of crucial US inflation data and tariff hopes
The euro has rebounded against the US dollar over the past two trading days on news that the US president-elect may consider a gradual pace…
UK inflation dips to 2.5% in December in boost for Rachel Reeves
Getty ImagesUK inflation unexpectedly dipped in December for the first time in three months as hotel prices fell and tobacco costs eased.Prices rose 2.5% in…
US Inflation Data to Remain Firm, Feeding Fears of Higher Rates
Breadcrumb Trail LinksPMN BusinessForecasters expect a monthly report on US consumer prices to show a fifth month of firm increases, bolstering the case for an…
Fresh blow to hard-pressed Brit motorists as cost of petrol and diesel soars since Christmas
MOTORISTS are being squeezed at the pumps as freezing temperatures, oil price rises and a weak Pound drive up costs.The wholesale cost of petrol has…
US Inflation Is Set to Back Fed Pause After Robust Jobs Data
Breadcrumb Trail LinksPMN BusinessUnderlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and…
Ed Miliband’s Net Zero obsession is a threat not just to our economy but the survival of Labour’s government
I HAVE said it before and I’ll say it again: when this Government eventually falls – and that is beginning to look as if it…
U.S. hiring improves with a quarter-million new jobs in December
WASHINGTON — The U.S. economy created a burst of new jobs in December, capping a solid year of employment growth marked by big gains in healthcare…
US Fed officials expected slower rate cuts in 2025, say December minutes | Inflation News
Minutes of the December meeting show a division on decision to cut rates and the 0.25 percent cut was a ‘close call’.United States Federal Reserve…