Good morning. The Bank of England is expected to raise interest rates back to its pre-pandemic levels today as it tries to dampen the UK’s inflationary surge. The City widely anticipates the BoE will hike borrowing costs for the third meeting in a row, up to 0.75% at noon today, the highest since March 2020,...Read More

In speeches and media appearances, Republican governors are savaging President Biden for policies they say are wrecking the U.S. economy as a whole. But in the particulars — in their own states, in other words — the economy’s booming. Somehow, in states as different as Maryland, Florida, Massachusetts and Arizona, Republican governors suggest they’ve found...Read More

NEW YORK, March 16 (Reuters) – The dollar index turned up for the day on Wednesday shortly after the U.S. Federal Reserve raised interest rates by the expected quarter of a percentage point and projected its policy rate would go as high as 2% by the end of the year. The index against major currencies...Read More

The numbers: Sales at U.S. retailers slowed sharply in February, rising a scant 0.3%, and Americans probably bought fewer goods like groceries, consumer electronics and furniture and after factoring in high inflation. Economists polled by The Wall Street Journal had forecast a 0.4% advance. The previously reported 3.8% increase in sales in January, however, was...Read More

Nearly everyone who crossed the Danube on the open-air ferry from Ukraine and landed in the frostbitten Romanian port city of Isaccea on a recent morning had a roller bag and a stopgap plan. One woman planned to join her husband in Istanbul. Another was headed to Munich, where her company has its headquarters. Others...Read More

SAN DIEGO (KGTV) — On a recent Tuesday just after 10 a.m., the staff at Kearny Mesa’s Tahini restaurant was busy prepping for the lunch rush for its chicken and steak shawarma. “It pays homage to our culture and the places that our families come from, while still doing so in a manner that is...Read More

PHOENIX (3TV/CBS 5) – Women are still not being fairly compensated for their work in Arizona and nationwide. That’s according to a new report by the U-S Department of Labor. Equal Pay Day Falls is today March 15th— and it’s not just a random selected date on the calendar. It symbolizes how far into the year the...Read More

Edward Price is a non-resident Senior Fellow at New York University’s Center for Global Affairs. In this post he explains why following President Biden’s ban on Russian oil imports, the aim of US foreign policy is at odds with the aim of American economic policy. A year ago, the average price in the US for...Read More

The reckless escalation of economic, political and military pressure by the United States and Nato against Russia is rapidly leading to a major global economic crisis with serious repercussions for the international working class. The campaign against Russia, which includes a crippling sanctions regime aimed at starving out the Russian people and which has all...Read More

Singapore and France have inked an agreement to collaborate across various digital and green economy areas, including smart transport, financial services, and medical technology (medtech). The two nations will establish a “detailed workplan” outlining projects with “clear and tangible outcomes”.  Organisations from both sides also would receive financial support to co-develop commercial products and services,...Read More