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[ad_1] Much of the drop resulted from price declines for goods such as gas, used cars and furniture which had soared a year ago after Russia’s invasion of Ukraine. | Nam Y. Huh/AP Photo By Associated Press 04/12/2023 08:54 AM EDT U.S. consumer inflation eased in March, with less expensive gas and lower food prices…
[ad_1] Press play to listen to this article Voiced by artificial intelligence. FRANKFURT ― The markets are jittery and inflation still needs taming. Coming together, those two things put the European Central Bank in a real bind. Fight one fire and it could cause the other to flare. The ECB can keep raising interest rates…
[ad_1] Press play to listen to this article Voiced by artificial intelligence. Chinese leader Xi Jinping had one overriding message for his visiting French counterpart Emmanuel Macron this week: Don’t let Europe get sucked into playing America’s game. Beijing is eager to avoid the EU falling further under U.S. influence, at a time when the…
[ad_1] Lahore: As Pakistanis are struggling to make the ends meet amid the rise in inflation, Lahore is seeing a massive surge in street crime, reported Dawn. According to the official data, the crime rate in the first three-and-a-half months of the year shows that over 90 percent of them have been committed at gunpoint….
[ad_1] Islamabad: Pakistans monthly inflation blew past forecasts in March and soared to a nearly all-time high level — 35.4 per cent — from a year earlier, with people feeling more pain from some of the fastest rising consumer prices amid straining budgets as cost of living continues to outstrip average incomes, according to a…
[ad_1] Colombo: Sri Lanka’s inflation decreased to 50.3 per cent in March from 50.6 per cent the previous month amid the ongoing economic crisis, official statistics revealed. The year-on-year inflation of the food group dropped to 47.6 per cent in March from 54.4 per cent in February, and inflation in the non-food group increased to…
[ad_1] Press play to listen to this article Voiced by artificial intelligence. PARIS — French President Emmanuel Macron is jetting off on an ambitious diplomatic mission to woo Beijing away from Moscow. Officials in Washington wish him luck with that. France hopes to dissuade China’s leader Xi Jinping from getting any cozier with Russian President…
[ad_1] Cairo: Egypt’s Monetary Policy Committee (MPC) decided to raise the interest rates of the central bank by 200 basis points in a new bid to contain high inflation, In a statement on Thursday, the Central Bank of Egypt (CBE) said the deposit and lending rates were raised to 18.25 per cent and 19.25 per…
[ad_1] Islamabad: Short-term inflation, measured by the Sensitive Price Index (SPI), reached an all-time high of 46.65 percent year-on-year for the week ending on March 22, in comparison to last week 45.64’s percent YoY, as per data by Pakistan Bureau of Statistics (PBS), media reports said. On a week-on-week basis, short-term inflation increased by 1.80…
[ad_1] The outlook for the global economy is likely to remain weak in the medium term amid heightened risks to financial stability, according to International Monetary Fund Managing Director Kristalina Georgieva. “We expect 2023 to be another challenging year, with global growth slowing to below 3 percent as scarring from the pandemic, the war in…