There aren’t many issues that garner support across party lines in Ottawa these days. But when it comes to the supply management system for egg, poultry and dairy products — the mechanism that sets prices for producers — all of Canada’s federal parties seem to see eye-to-eye. Political support for the controversial agricultural framework has … Read more
People walk along Waterloo Bridge past the City of London skyline, the capital’s financial district, on a sunny and mild day. Sopa Images | Lightrocket | Getty Images LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly. The headline figure was in … Read more
President Joe Biden speaks during an event about lowering costs for American families at the Granite State YMCA Allard Center of Goffstown on March 11, 2024 in Goffstown, New Hampshire. Sophie Park | Getty Images News | Getty Images President Joe Biden is starting to win the inflation blame game against corporations. A recent Financial … Read more
Canadian tourism businesses are concerned about a recent change now requiring visas for citizens of Mexico – which is one of the country’s top overseas tourist markets – coming into Canada. The Tourism Industry Association of Canada (TIAC) said this new requirement could have “very real” repercussions on the sector, which is still reeling from … Read more
Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates. The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago, the Labor Department’s Bureau of Labor Statistics reported … Read more
Customers shop in a Walmart Supercenter on February 20, 2024 in Hallandale Beach, Florida. Joe Raedle | Getty Images News | Getty Images Consumer spending bounced back in February from a January dip, with a little help from Leap Day. But sales still registered good gains even after correcting for that extra spending day. The … Read more
Nonalcoholic beer is having a moment. Once a rarity on store shelves, nonalcoholic beer saw a 39% jump in sales growth in 2020. The trend is proving to outlast the Covid-19 pandemic. Sales of nonalcoholic beer grew 32% in 2023, compared to the year before, adding to data from NielsenIQ. The pandemic-led adoption of nonalcoholic … Read more
Former President Donald Trump ‘s promise of tougher China tariffs if elected again could make doing business in the world’s second-largest economy more difficult for American companies like Starbucks which are already facing tough competition from lower-cost domestic competitors. “I fully believe in them [tariffs] economically when you’re being taken advantage of by other countries,” … Read more
IKEA lowers prices on items worldwide. Nurphoto | Nurphoto | Getty Images Swedish home and furniture company Ikea has been cutting prices across a number of countries as global inflation eased, as it boosts its investments in price reductions. The company is further expanding its price cuts in 2024 across all of its markets globally, … Read more
Mumbai: The yield on India’s 10-year benchmark government paper slid to its lowest level in nine months, helping bring down the cost of borrowing across the economy, as a fall in US bond yields and lower than anticipated supply of local debt created appetite for sovereign debt. The 10-year benchmark bond yield closed at 7.02%, … Read more
