Sign in Subscribe

economy

UK finance minister warns of higher inflation amid Iran war

UK finance minister warns of higher inflation amid Iran war

UK finance minister Rachel Reeves warned on Monday the country could face rising inflation due to the fallout of the US and Israel's war. "The economic impact of the situation in the Middle East will depend, of course, on its severity and its duration," Reeves told

How often are workers ‘voluntold’ to take on work?

How often are workers ‘voluntold’ to take on work?

Workers said they’re doing three jobs at once in their current roles, but over half haven't had a raise or promotion for their hard work, according to a new study. A recent survey of 2,000 employed Americans investigated the many contributing factors behind this increase in

G7 'not there yet' on release of oil reserves: French minister

G7 'not there yet' on release of oil reserves: French minister

France's finance minister said Monday the G7 was "not there yet" in terms of any release of strategic oil reserves as the world's leading industrialised nations held crisis talks on the economic fallout of the Middle East war. Earlier Monday, French President Emmanuel Macron,

‘Hitting the wall’: Americans have record amounts of debt, and for many, it’s getting worse

‘Hitting the wall’: Americans have record amounts of debt, and for many, it’s getting worse

Many Americans are drowning in debt — and their financial peril is getting deeper and deeper. U.S. households currently face a record $18.78 trillion in debt, according to the latest figures from the New York Federal Reserve Bank. That is up $4.63 trillion from the end of 2019,

Judge tells Trump that 'clock is ticking' on costly tariff refunds

(The Center Square) – A judge gave the Trump administration time to build a system to streamline tariff refunds, but pointed out that the "clock is ticking" and U.S. taxpayers will pay the cost of delays. Customs and Border Protection requested 45 days to develop a system for

Oil futures top $108 a barrel, prices at the pump keep climbing

(The Center Square) – As the U.S.-Israeli-Iran conflict continues, the price of gas at the pump in the U.S. is skyrocketing and President Donald Trump said it was a “small price” for Americans to pay. This was as the seventh U.S. service member was confirmed killed

Asian economies move to limit Mideast war's impact at home

Asian economies move to limit Mideast war's impact at home

Faced with soaring prices and disruptions to their oil and gas supplies, Asian countries heavily dependent on fossil fuels from the war-struck Gulf are moving to protect their domestic markets. Here are some of the measures being considered to limit the war's impact: - South Korea eyes price