The Maslak financial and business center in the Sariyer district of Istanbul.Ayhan Altun | Moment | Getty ImagesTurkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last...
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year.Hannah Mckay | ReutersLONDON — Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday.Heading...
A salesman preparing a bag of sweets for a customer in the Sicilian confectionery shop Mazzone on February 02, 2024 in Catania, Italy. Fabrizio Villa | Getty Images News | Getty ImagesInflation in the 20-nation euro zone eased to 2.6% in February, flash figures showed on Friday, but both...
Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates.The personal consumption expenditures price index excluding food and energy costs increased 0.4% for the month and 2.8% from a year ago, as expected according to the...
With markets on edge over the direction of inflation, a report Thursday that often flies under the economic radar is likely to take on more importance. The Commerce Department's measure of personal consumption expenditures prices could add to evidence that inflation is stickier than some economists and policymakers had...
Ali and Jamila Wright, Co-owners of Brooklyn Tea. The couple is optimistic about the state of Black employment but say there are many challenges.Courtesy: Brooklyn TeaLooking at the state of Black employment in America tells a mixed story: Much progress has been made in the age of Covid and...
JPMorgan Chase CEO Jamie Dimon thinks there's a better-than-even chance that the U.S. is heading for a recession, though he doesn't see systemic issues looming.Speaking Monday from the JPMorgan High Yield and Leveraged Finance Conference in Miami, the head of the largest U.S. bank by assets said markets probably...
An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019.Christopher Pike | Bloomberg | Getty ImagesDUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest...
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesThe devil's in the details, but local economies have a friend in Taylor Swift.The American pop star has spent nearly a year crossing the U.S. and globe with her...
A construction site with new apartments in newly built apartment buildings.Patrick Pleul | Picture Alliance | Getty ImagesGermany's housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy."The housebuilding sector is, I would say, a little...