Sherrill joins Dem chorus blaming Trump and Ciattarelli for skyrocketing energy costs under Phil Murphy
NEWARK, N.J. — Democratic gubernatorial candidate Mikie Sherrill joined a growing list of New Jersey Democrats Thursday in blaming President Donald Trump and GOP candidate Jack Ciattarelli for the state’s rising utility…
Pakistan’s Oct CPI accelerates to 26.6% y/y on food and fuel costs
KARACHI, Pakistan (Reuters) – Pakistan’s consumer inflation accelerated in October to 26.6% from a year earlier, the statistics bureau said on Tuesday, with prices showing a rise of 4.7% from the previous…
Biden to ask Congress to act if oil cos don’t lower costs, White House says
WASHINGTON (Reuters) – U.S. President Joe Biden on Monday will call on oil and gas companies to invest some of their record profits in lowering costs for American families, a White House…
Germany’s Defense Pledges Are Uncertain As Costs Of War Bite, Experts Say
Germany’s Defense Pledges Are Uncertain As Costs Of War Bite, Experts Say Micaela Burrow on October 30, 2022 Germany has become the fourth largest military supporter of Ukraine after the Russian invasion…
Mexico’s FEMSA posts drop in Q3 earnings on increased costs
By Kylie Madry and Noe Torres MEXICO CITY (Reuters) – Mexican bottler and retailer Femsa posted a drop in third-quarter net profit on Friday to 10.75 billion pesos ($534.10 million), down 23.8%…
U.S. labor costs solid in Q3; private wage growth slowing
WASHINGTON (Reuters) – U.S. labor costs increased solidly in the third quarter, but private sector wage growth slowed considerably, suggesting inflation had either peaked or was close doing so. The Employment Cost…
Energy costs push Germany flash PMI to 29-month low – S&P Global
BERLIN (Reuters) – Germany’s economic downturn deepened in October, the flash S&P Global composite purchasing managers’ index showed on Monday as its reading fell to 44.1 from 45.7 in September, the lowest…
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Mexican craft beer to gain ground despite soaring costs, says trade group
MEXICO CITY (Reuters) – Mexico’s craft beer industry should grow by over 10% this year, the country’s brewing association ACERMEX said on Friday, even as it faces sky-rocketing costs and competition from…
African banks increasingly worried about funding costs, survey shows
By Marc Jones and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sub-Saharan African banks are increasingly worried about funding costs, an annual survey published on Wednesday found, as soaring interest rates both on the…
Lyft hikes service fee for rides as insurance costs rise
By Nivedita Balu (Reuters) – Lyft Inc is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, the ride-hailing firm said. The increase averages…
Living costs top worry for Israeli voters stuck in election treadmill
By Steven Scheer and Maayan Lubell MODIIN, Israel (Reuters) – Israelis are as fed-up with soaring prices as they are with the country’s seemingly never ending elections. In the Nov. 1 ballot…
Credit Suisse debt insurance costs rise, bonds ease after tax probe report
LONDON (Reuters) – The cost of insuring the debt of Credit Suisse against default rose on Wednesday, while its bonds and shares fell, after reports that the Swiss lender may be the…
Consumer prices in Brazil down for the third month on lower fuel costs
SAO PAULO (Reuters) – Brazil’s consumer prices were in deflationary territory for the third month in a row in September, data from government statistics agency IBGE showed on Tuesday, still benefiting from…
UK house prices fall again as higher borrowing costs weigh-Halifax
LONDON (Reuters) – British house prices fell for the second time in three months in September in month-on-month terms and rising borrowing costs are likely to exert “more significant downward pressure” soon,…
Thanks for nothing; Thanksgiving dinner costs up 17% over 2021 record-breaking high
Food prices in America are continuing to climb, and those price hikes are going to hit the pockets of Americans when it comes to celebrating Thanksgiving with a family feast this year.…
SAS tweaks leases for 36 aircraft to cut costs
STOCKHOLM (Reuters) -Crisis-hit airline SAS said on Wednesday it had reached agreements with 10 of its lessors representing 36 aircraft to amend the terms of existing lease contracts. The Scandinavian carrier said…
Disconnected from reality, Pelosi touts lower costs, bigger paychecks, and safer communities
During a weekly press conference, Speaker of the House Nancy Pelosi touted the Democrat controlled Congress’ achievements during the recent legislative session. Pelosi credited her party with delivering lower costs to consumers,…
Colombia central bank hikes borrowing costs to 10%, raises 2022 GDP estimate
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 10% on Thursday, as inflation pressures and domestic consumption…
British pub group Mitchells & Butlers warns on costs, shares drop
(Reuters) – Mitchells & Butlers warned of tighter margins in its new financial year as costs rise, driving shares in the British pub operator to two-year lows. Energy and utility costs have…
Soaring power costs leave Slovakia economy at risk of collapse, PM tells FT
(Reuters) – Slovakia’s Prime Minister Eduard Heger said that soaring electricity costs had left the country’s economy at risk of “collapse”, the Financial Times reported on Wednesday. Heger said that the increase…
Biden urges companies to lower costs for consumers
WASHINGTON (Reuters) – U.S. President Joe Biden on Monday urged companies running gas stations, banks and cell phone services to lower costs for consumers coping with inflation. During a White House meeting,…
Google says shared network costs is 10-year-old idea, bad for consumers
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google on Monday rebuffed a push by European telecoms operators to get Big Tech to help fund network costs, saying it was a…
Spanish industrial prices jump 42% lifted by energy costs
MADRID (Reuters) – Spanish industrial prices accelerated by 41.8% in the 12 months through August ending four months of easing increases, the National Statistics Institute (INE) said on Monday. Industrial prices gained…
Exclusive-With eye on Big Tech, energy crisis, EU telcos call for shared network costs
By Foo Yun Chee BRUSSELS (Reuters) – Deutsche Telekom, Orange, Telefonica and 13 other European telecoms providers on Monday made their strongest push for Big Tech to share network costs, citing the…
Poorer nations face rising debt servicing costs in 2024 – report
LONDON (Reuters) – Some of the nations most vulnerable to climate change face a sharp rise in debt service payments in the coming two years, hampering their ability to invest in climate…
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