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…
Australia’s new Treasurer argues for minimum wage rise as energy costs spike
SYDNEY – Australia’s new Treasurer on Wednesday said he wanted to see minimum wages rise fast enough to keep pace with surging inflation, as a looming spike in energy prices threatens to…
U.S. says it will cut costs for clean energy projects on public lands
(Reuters) – The Biden administration on Tuesday said it would substantially reduce the cost of building wind and solar energy projects on federal lands to help spur renewable energy development and address…
Austria’s WIFO raising 2022 inflation forecast due to energy costs
GENEVA – Austria’s WIFO economic institute plans to raise its inflation forecast for this year to 6.5% from 5.8% seen in March due to higher energy prices, the institute’s chief said on…
German house price inflation to slow as borrowing and living costs bite – Reuters poll
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – German home prices will rise faster this year than thought only three months ago, as a supply shortage outweighs a deepening cost of living…
India’s retirees tap savings, eat less as living costs soar
By Manoj Kumar NEW DELHI – T.L. Wali, a 66-year-old lawyer in Delhi’s high court, had been looking forward to retirement. But with India’s living costs soaring, he is now forced to…
S.African central bank eyes digital rand to cut cross-border payment costs
By Rachel Savage and Promit Mukherjee LONDON/JOHANNESBURG – A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years…
S.Africa retailer Pick n Pay to cut $187 million in costs in 3 years
By Nqobile Dludla JOHANNESBURG – South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rand ($187 million) in the next three years and grow its…
Honda warns of rising costs, forecasts weaker annual profit
By Satoshi Sugiyama TOKYO -Japan’s Honda Motor on Friday forecast a 7% fall in annual earnings, instead of an expected rise, and warned that the long chip crunch and rising raw material…
Analysis-Jetmakers’ inflation shield no match for soaring costs
By Tim Hepher DUBLIN – Inflation clauses that determine how much airlines pay for new jets have jumped into a “hyper-escalation” band, pushing up aircraft prices but still leaving manufacturers unable to…
‘Hidden Tax’: Inflation Runs Rampant After Biden Skirts Blame On Rising Costs
‘Hidden Tax’: Inflation Runs Rampant After Biden Skirts Blame On Rising Costs Thomas Catenacci on May 11, 2022 Inflation eased in April, but still surged 8.3% year-over-year, a pace far above historic…
The dollar problem: emerging markets count the costs
By Karin Strohecker and Sujata Rao LONDON – Barely recovered from a two-year bout of COVID, emerging markets now face capital flight, inflation, and even debt defaults as the dollar’s run to…
Fuel Prices Hit Record Highs After Biden Promised To Lower Costs
Fuel Prices Hit Record Highs After Biden Promised To Lower Costs Thomas Catenacci on May 10, 2022 The average price of gasoline in the U.S. shot up to a new all-time record…
Lufthansa sees no significant restructuring costs in 2022
FRANKFURT – German flag carrier Lufthansa said on Tuesday it sees no further significant restructuring costs this year, a relief after reorganisation efforts amid the COVID-19 pandemic weighed on its results in…
For some European states, rising debt costs rekindle 2011 crisis memories
By Dhara Ranasinghe LONDON – The rise in European bond yields is alarming some economists, who warn that Italy and Greece in particular do not have much wiggle room before their debt…
Blue Apron results miss Wall Street expectations on higher costs
NEW YORK – Blue Apron Holdings Inc reported a bigger-than-expected loss, as a drop in orders per customer and higher food and labor costs hurt the online meal kit company’s bottom line.…
Steelmaker JFE seeks product price hike of $230/T amid soaring material costs
TOKYO -Japan’s No.2 steelmaker, JFE Holdings Inc, is seeking to raise product prices by 30,000 yen ($230) a tonne in the April-June quarter or next to reflect soaring costs of raw materials…
MercadoLibre says it is managing to offset costs through pricing
By Aluisio Alves (Reuters) – MercadoLibre Inc said it was so far managing to recoup higher costs by boosting its prices as the South American e-commerce giant reversed a year-ago loss, helped…
Major aircraft lessor SMBC warns airlines of growing costs
By Tim Hepher DUBLIN -Airlines face a slew of growing costs in the coming year including higher insurance, fuel, labour and lease rates, the chief executive of major aircraft lessor SMBC Aviation…
Facebook parent to slow hiring as costs mount
(Reuters) – Meta Platforms Inc is slowing the growth of its workforce as the Facebook parent looks to rein in costs, the company said on Wednesday. “We regularly re-evaluate our talent pipeline…
Plumbing supplier Geberit to hike prices again as costs rise
By John Revill ZURICH -Geberit will raise prices again this year as it tackles “an unprecedented surge” in raw materials costs hitting the construction industry, the Swiss plumbing products maker said on…
Top Senate Republican says he would seek to preserve filibuster ‘at all costs’
WASHINGTON – The top Republican in the U.S. Senate said on Tuesday he would keep the chamber’s filibuster rules in place “at all costs” if he were the leader of the chamber’s…
Continental plans price hikes due to $3.7 billion extra costs in 2022
FRANKFURT – German car parts supplier Continental said on Friday it expects energy, logistics and materials cost to rise by 3.5 billion euros ($3.7 billion) this year due to COVID-19 and the…
China battery maker CATL suffers profit fall as costs soar
SHANGHAI/HONG KONG -CATL, the world’s largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring…
Sabadell’s Q1 hits profitability target after lower costs, provisions
By Jesús Aguado MADRID – Spain’s Sabadell on Thursday hit its profitability target of more than 6% earlier than expected following cost savings, lower provisions and a positive contribution from its British…
Easing energy costs curb Spanish April price rises but core inflation jumps
MADRID – Easing energy prices helped lower Spanish 12-month inflation to 8.4% in April from March’s near 40-year high, preliminary data showed on Thursday, although core inflation, which strips out more volatile…
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