Economy - Page 30

A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | Reuters After shifting in a narrow range for several weeks, mortgage rates moved decidedly

On Friday, the credit rating of the United States was downgraded. Moody’s, the ratings firm, announced that the government’s rising debt levels would grow further if the Trump Republican package of new

UK inflation jumped to its highest level for over a year when official figures were released on Wednesday after “awful April” bill hikes sent the cost of living soaring.The rate of Consumer

Much of the rise was due to the 6.4 percent rise in regulator Ofgem’s benchmark for household energy bills, which tracks international wholesale energy prices closely. However, other elements which contributed to

ANALYSIS One bank played the role of villain in February, when it refused to pass on much-needed rate relief to customers. Now, Virgin Money has changed its tune, announcing it will pass

April’s rate of inflation is higher than economists had predicted. The pace of price rises was forecast to be around 3.3%. The Bank of England has previously said it expects inflation to

Group of Seven (G7) nations are in discussions over coordinated tariff measures targeting low-value Chinese imports, as Western economies grow increasingly wary of what they describe as Beijing’s non-market practices and industrial

China’s Commerce Ministry said early Wednesday that US measures on China’s advanced chips are ‘typical of unilateral bullying and protectionism.’ Chinese authorities urged the US to immediately correct its erroneous practices.  Key quotes

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