Americans are seeing the highest levels of inflation in four decades. Earnings from retailers are showing a split in shopping patterns even as prices of everything ranging from toothpaste to TVs have curbed the spending habits of US consumers. While… Read More ›
inflation
LNG price volatility impeding push towards decarbonization
Forecasts of tighter LNG supplies along with volatile prices for the next few years are keeping buyers on edge and are impeding the push towards alternative energy sources. As a result of these factors, energy security has become a top… Read More ›
No inflationary and price impacts on beauty products: L’Oreal CEO
In a statement the CEO of French cosmetics group L’Oreal said, it has not seen any inflationary impact on purchases of its beauty products. “So far we see no impact of inflation and price impacts on consumers’ beauty consumption,” said L’Oreal… Read More ›
EU will not renegotiate post-Brexit trade rules: EU ambassador to UK
In a statement the EU’s ambassador to the UK, João Vale de Almeida said, the European Union will not give a new mandate to renegotiate post-Brexit trade rules for Northern Ireland since they have been agreed as part of the… Read More ›
Britain based Reckitt Benckiser increase baby formula market footprint in US to 50%
In a statement Reckitt Benckiser said, it is boosting its production of baby formula by about 30% and increasing the frequency of deliveries to stores in order to mitigate a shortage in the U.S. supermarkets. The company which makes the baby… Read More ›
Risk of US economy slipping into recession is high: former Goldman Sachs CEO
In a significant development a former CEO of Goldman Sachs, Lloyd Blankfein said, he believes the US economy is at risk of slipping into a recession, even as the U.S. Federal Reserve continues to tackle inflation by hiking interest rates. Blankfein… Read More ›
Global equity funds beat hasty retreat as recession fears spook investors
In the week ending May 11, equity funds across the globe witnessed a surge in outflows on the back of fears of an economic slowdown and further tightening by central banks as they take steps to stem inflation. In the… Read More ›
Boris Johnson’s Conservatives Party suffers from early losses in local elections
Results of early local elections in Britain are showing Boris Johnson’s Conservatives Party suffering early losses in a ballot held against the backdrop of Western sanctions against Russia fuelling inflation in the country resulting in the rise of the cost… Read More ›
ECB may raise interest rates in July to check extreme high inflation: board member
In an interview to German newspaper Handelsblatt, Isabel Schnabel, a board member on the European Central Bank said, the ECB may have to raise interest rates as early as July to stop “extremely high” inflation from getting entrenched. In March,… Read More ›
Risk of default by big US banks high: Wall Street
In a significant development, fears over the Federal Reserve’s aggressive moves to tame inflation might tip the economy into recession have pushed up costs to insure bonds of Goldman Sachs, Morgan Stanley and Citigroup, which have hit a two-year high. Following… Read More ›