Inflation in the UK rose in October to its highest level since December 2011, mainly due to higher energy prices and supply chain problems. The consumer price index rose 4.2% year-on-year in October, following a 3.1% rise in September, according to the ONS statistical service. Economists expected a rise of 4%. Energy prices have been […]
Tag: International financial news
Jellen: Treasury resources are sufficient until December 3, maybe a little more
US Treasury Secretary Janet Glenn is set to brief Congress “in a couple of days” on how much time its members have to approve or not to raise the federal debt ceiling before it runs out of cash. government. “We may be able to get past December 3, we may have the resources, but not […]
The pound is falling apart, inflation is ‘flying’ and the Turkish Ministry of Foreign Affairs praises the Turkish economy
LAST UPDATE 21:13 Turkish Economy and Finance Minister Lutfi Elvan praised the Turkish economy as the pound hit another record low against the dollar, as the energy crisis has made everyday life very difficult for Turkish households and at the same time with the sugar crisis coming to the fore in the last hours. The […]
US: Retail sales jump 1.7% in October – Exceeded expectations
Retail sales in the United States rose the most in seven months in October, beating analysts’ estimates and rising for the third month in a row, another strong indication that the US economy is recovering. Americans appear to have started their holiday shopping early to avoid any “surprises” from shelf shortages amid continuing supply chain […]
Spain: Cement exports fell 14% in October
Spain’s cement exports fell 14.2% year-on-year in October, driven by rising electricity prices that increase production costs and slow down plant activity, the Oficemen Group said on Tuesday, according to the agency. Reuters. About 580,966 tonnes were exported in October, about 96,157 less than in the same period last year. It is noted that Spain’s […]
The ECB sees an increase in inflation – New ‘no’ to rising interest rates
By Leonidas Stergiou ECB President Christine Lagarde handed out a two-page leaflet to members of the European Parliament yesterday to answer questions about measures to be taken by the European Central Bank to protect households. On this bi-page there was the measurement of inflation for October estimated at 4.1%, which came, almost entirely from the […]
Britain: Unemployment fell to 4.3% in October
The number of people on corporate wages in the UK continued to rise in October, a sign that the end of the government’s job support program did not lead to higher unemployment. The data may boost expectations that the Bank of England will start raising borrowing costs slightly as early as next month. There were […]
RBA: Expects inflation to decline in the next 18 months
Australian central bank governor Philip Lowe expects the current high inflationary pressures to ease over the next 18 months, and that the central bank will raise interest rates when it is confident that inflation will not fall again. Supply problems and unprecedented demand for goods will subside as consumer habits return to normal after the […]
USA: Strong rebound of the Empire State index in November
The business conditions in the New York area recorded a strong rebound in November, according to the data announced today. In particular, the New York Fed Empire State Index for business conditions jumped by 11.1 points this month and climbed to 30.9 points, well above economists’ estimates. In particular, economists in a poll by The […]
The lack of semiconductors prolongs the problem of delivering new cars
The automotive industry did not use semiconductors to a large extent in previous years, but the move towards electric propulsion, the development of driver assistance systems and the increase in sustainable mobility have greatly increased the need for semiconductors. Because tiny microchips are essential for many important automotive systems, they are the key to the […]
