Economy

11 hours ago from Nick Edser, Business reporter, BBC News Getty Images According to the RAC, British motorists are facing petrol and diesel prices that are “much higher than they should be”. The motoring group said fuel retailers were using the “distraction” of the general election to keep profit margins “remaining high”. He called on the UK competition body to …

The 50-year petrodollar agreement between the United States and Saudi Arabia that designated the US dollar as the global trade currency for oil sales ended on June 9. The US dollar was essentially the “gold standard” of global oil trade. Now that is no more, renewing concerns about “de-dollarization” and the future of the US economy. “Oil exporters pay for …

5:00 p.m 3 min reading â–ª from Ariela R. The French stock market is experiencing a period of turbulence since the announcement of the dissolution of the National Assembly and early legislative elections. Investors, concerned about political uncertainty and its consequences for the economy, have caused a drop in share prices. This French storm does not spare other European markets, …

(Bloomberg) — Brazil’s central bank is facing a self-created emergency that threatens to sabotage years of nimble policymaking and credibility gains. Most Read by Bloomberg Inflation forecasts are above the 3% target for the foreseeable future and confidence is collapsing as markets question whether the central bank – or the presidency – is commanding monetary policy. It’s a devastating reversal …

China’s latest economic data paint a mixed but promising picture of its ongoing and emerging economic recovery. While industrial expansion showed signs of slowing in May, retail spending rose in past forecasts, suggesting a possible easing of deep imbalances that have long plagued China’s economy. This development shows that the government’s efforts to boost consumption may finally be resonating with …

Inflation is rising in Russia. At the same time, banks are increasingly rejecting citizens’ requests for loans. As a result, Russians are increasingly turning to payday lenders to buy basic necessities like food and clothing — and that’s not good for the country’s economy. Reporters from the independent Russian newspaper Holod spoke to two economists and a lawyer about how …

A customer shops at a Safeway store on June 11, 2024 in Mill Valley, Calif. Justin Sullivan | Getty Images The rate of increase in food prices has slowed in recent months, according to the latest government inflation data. However, shoppers still report feeling burdened by the prices they’re seeing in grocery aisles. To that point, over the past few …

US President Joe Biden greets members of the US Border Patrol at the US-Mexico border in Brownsville, Texas, US, February 29, 2024. Kevin Lamarque | Reuters Immigration — authorized and unauthorized — has helped the U.S. labor market maintain a buoyant run in recent months without reigniting inflation, economists and analysts say. The effect has been a favorable, if uncertain, …

If you feel like you’re being pushed around in life, you’re not alone. Our latest research has revealed that Canadians are increasingly feeling a sense of powerlessness in their lives. This sentiment has grown steadily, fueled by economic challenges and growing perceptions of inequality. In 2019, we ran a national study on the quality of work and economic life with …

(Bloomberg) — Stocks headed for all-time highs as big tech rallied despite a rise in Treasury yields, with traders bracing for a reading on retail sales and a host of keynote speakers. Federal Reserve. Most Read by Bloomberg The S&P 500 was set to close at its 30th record high this year, though many analysts remained concerned about the market’s …