Findings from the latest cost-of-living survey worldwide, the Economist Intelligence Unit reports. According to the World Consumer Price Survey (WCOL), the rate of price increase is the highest observed in the last five years. It has increased beyond the pre-pandemic level, by 3.5% on an annual basis in 2021, compared to an increase of 1.9% […]
Tag: International financial news
Britain: High cost pressures on manufacturing
More British manufacturing entrepreneurs than ever in the last 30 years reported cost increases last month, according to an IHS Markit survey, highlighting pressure on the Bank of England to raise interest rates. The IHS Markit manufacturing index rose to 58.1 points in November from 57.8 points in October. Although revised lower than preliminary estimates […]
Eurozone: New improvement in manufacturing PMI, but inflationary pressures remain
The growth of manufacturing in the eurozone accelerated slightly last month, but problems in the logistics sector worsened, paving the way for production and driving higher raw material costs at the fastest pace in two decades. The problems caused by the pandemic, along with the lack of truck drivers, has led to a shortage of […]
Afghanistan: The exclusion of women from work will exacerbate the economic crisis in the country
The exclusion of Afghan women from work will further exacerbate the “catastrophic” economic crisis in which the country sank after the Taliban seized power in August, the United Nations warned in a report released today. The economic and humanitarian crisis in Afghanistan is “deteriorating” and “must be addressed in order to save lives” threatened by […]
Turkey: Households in despair over the 30% drop in the pound in November
Turkish citizens are in despair with the free fall of the Turkish pound as prices continue to rise and prices for basic necessities rise, and DEVA leader Ali Babacan says Erdogan’s international investment is not enough. to support the Turkish economy. According to SKAI, the situation in the market is desperate, as meat has become […]
Powell: Fed is expected to consider the fastest decline in bond markets
LAST UPDATE 19:35 Federal Reserve Chairman Jerome Powell said today that the US Federal Reserve is likely to discuss at its next meeting the possibility of accelerating its gradual cuts in its bond-buying program amid a strong economy and speculation that inflation is rallying. is expected to continue until the middle of next year. “Right […]
Turkish pound hits record low against central euro – Central Bank executive resigns
LAST UPDATE 20:56 The Turkish pound fell to an almost record low on Tuesday following new statements by Turkish President Recep Tayyip Erdogan which opposes any increase in interest rates. The currency reached a low of 13.49 (losses of 4.5% per day) per dollar in electronic trading, approaching the last low of about 13.52 against […]
The monetary crisis in Turkey is deepening
As long as Turkish President Tayyip Erdogan insists that he will continue the economic policy chosen by the pound, he continues to receive new blows every day. The exchange rate of the Turkish lira-dollar is now at 1:13, with the Turkish national currency having today lost 2.7% of its value against the US reference currency. […]
US: Cyber ​​Monday online sales fell 1.4% to $ 10.7 billion.
Internet consumers spent $ 10.7 billion on Cyber ​​Monday, down 1.4 percent from a year earlier, according to Adobe Analytics. This year’s report marks the first time Adobe has seen a slowdown in spending on long shopping days. Adobe first started recording e-commerce data in 2012 and analyzes more than 1 trillion. visits to retail […]
Portugal: GDP growth slowed to 2.9% in the third quarter
Portugal’s economic growth slowed to 2.9% in the third quarter from 4.4% in the previous three months, according to official figures, while a further slowdown is likely in the rest of the year due to the new increase in cases. The easing of coronavirus restrictions in the last quarter increased exports by 10% compared to […]
