The Iran was there adds new pressure to the slowing US labor market, with at least one major employer already halting hiring plans. Unilever, which owns brands such as Dove and Vaseline, told CBS News on Tuesday that it is close to hiring. unstable economic situation. In a report obtained by Reuters, the manager of … Read more
Your summer travel plans may soon be affected by the war in the Middle East. In addition to widespread flight cancellations in the region, the ongoing conflict is driving up oil prices. High oil prices affect jet fuel prices, and how much airlines charge for travel. Oil prices have risen above $100 a barrel, a … Read more
On paper, the numbers look amazing. The annual inflation rate in Argentina has decreased from 211% in 2023 to 31.5% by the end of 2025. President Javier Milei takes much of the credit for the decline. And he spent time on Wall Street last month, pitching his “chainsaw” approach to public spending as a victory … Read more
Photo: Chen Xia/GT Amidst the warming relations between China and India, signs of growing bilateral economic cooperation seem to be emerging. A delegation of the Punjab, Haryana, Delhi Chambers of Commerce and Industry (PHDCCI) is on a visit to Shanghai and East China’s Jiangsu Province from March 29 to April 4, marking the first such … Read more
NEW YORK — Consumers increased their spending in February, particularly on cars and clothing, after pulling back earlier in the year due to severe winter storms. Retail sales rose a more than expected 0.6% in February, from a 0.1% decline in January, the Commerce Department said Wednesday. But there is concern that the war in … Read more
The bond market may be doing the Fed’s work for it. The central bank wants to keep rates steady in the face of the Iran conflict, which has sent oil prices up more than 50% and raised expectations of inflation in the next few months. Meanwhile, the markets are already overpriced. In the first month … Read more
The bond market may be doing the Fed’s work for it. The central bank wants to keep rates steady in the face of the Iran conflict, which has sent oil prices up more than 50% and raised expectations of inflation in the next few months. Meanwhile, the markets are already overpriced. In the first month … Read more
Consumers continue to feel the effects of inflation on their finances. In February, the Consumer Price Index, which tracks the cost of consumer goods and services, showed a rise of 2.4% over the past 12 months. And according to another world policy organization, the US war with Iran and its effects on the price of … Read more
Your support helps us tell the story From reproductive rights to climate change to Big Tech, The Independent is breaking new ground as the story unfolds. Whether it’s investigating the finances of Elon Musk’s pro-Trump PAC or producing our latest film, ‘The A Word’, which shines a light on American women fighting for reproductive rights, … Read more
YesA power shake-up doesn’t just raise our electricity bills – it can revolutionize how our economy works. The UK responded to the energy crisis of the 1970s by modernizing its energy system and doubling down on its North Sea oil extraction. Investment poured in and the UK became an energy importer. When energy security is … Read more