Sen. Andy Kim backs Kids Online Safety Act, citing rising mental health risks for youth
TRENTON, N.J. — U.S. Senator Andy Kim (D-NJ) expressed strong support for the Kids Online Safety Act in a letter to constituents this week, emphasizing the urgent need to increase protections for…
Renters occupy rising share of newer homes in Canada, census shows
By Julie Gordon OTTAWA (Reuters) – Renters are increasingly likely to occupy newer homes in Canada, suggesting investors may be displacing owner-occupiers as the country looks to build its way out of…
BIS backs “forceful” rate hikes despite rising recession risk
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has urged major economies to forge ahead with forceful interest rate hikes despite the…
Schepisi Slams Murphy Admin Over Rising Public Healthcare Costs
In a letter to members of the New Jersey State Health Benefits Commission prior to their meeting to consider astronomical increases in health benefits costs, Senator Holly Schepisi urged them to “think…
World Bank sees rising risk of global recession in 2023
WASHINGTON (Reuters) – The world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World Bank said on Thursday.…
‘Incompetent’: San Francisco Dems Feel The Heat As Key Voting Bloc Rages Over Rising Crime
‘Incompetent’: San Francisco Dems Feel The Heat As Key Voting Bloc Rages Over Rising Crime Reagan Reese on September 14, 2022 Asian American residents in San Francisco are becoming increasingly frustrated with…
Business travel budgets rising as firms use 2019 as spending benchmark -CWT
By Jamie Freed SYDNEY (Reuters) – Business travel budgets are poised to rise in 2023 as companies benchmark against pre-pandemic levels of travel spending despite growing uncertainty over the economic outlook, a…
Japan July real wages continue to slide as rising consumer prices weigh
TOKYO (Reuters) – Japan’s real wages extended their slide to a fourth straight month in July, government data showed on Tuesday, as the biggest jump in consumer prices in more than seven…
Rising energy prices could fuel social unrest across Europe this winter
By Jorgelina do Rosario LONDON (Reuters) – Europe’s wealthiest nations face rising risks of civil unrest over the winter, including street protests and demonstrations, due to high energy prices and mounting costs…
Rising inflation expectations pressure Bank of England
By David Milliken LONDON (Reuters) – British businesses have increasingly high expectations for inflation and wage costs over the coming year, according to a Bank of England survey which is likely to…
World at rising risk of recession as inflation hits consumers
By Jonathan Cable LONDON (Reuters) – The global economy is increasingly at risk of sliding into recession, surveys showed on Tuesday, as consumers faced with generation-high inflation rein in spending while central…
Aussie grocers to benefit from higher prices, rising costs a worry
By Riya Sharma and Savyata Mishra (Reuters) – Earnings of Australia’s two biggest supermarket chains may get a boost from sustained demand for groceries and other essentials, but their comments on costs…
Japan July core CPI seen rising 2.4%, near 8-year-high – Reuters poll
By Kantaro Komiya TOKYO – Japan’s core consumer price index (CPI) for July likely rose 2.4% from a year earlier, accelerating to the fastest pace in nearly eight years and topping the…
ABN Amro’s quarterly profit beats estimates despite rising costs
AMSTERDAM -Dutch bank ABN Amro beat analyst expectations on Wednesday with a jump of 21% in second-quarter net profit to 475 million euros ($485 million), as the release of previous impairments offset…
Japan bank lending picks up on demand to meet rising material costs
By Leika Kihara TOKYO – Japanese bank lending rose 1.8% in July from a year earlier, accelerating from the previous month, as some companies borrowed more to meet rising raw material costs…
Taiwan July exports seen growing at slower pace amid rising uncertainties – Reuters Poll
TAIPEI – Taiwan’s exports likely rose for the 25th straight month in July though at a slower pace than in June, amid fears of a global recession, uncertainties due to the Ukraine…
U.S. household debt tops $16 trillion amid rising inflation
(Reuters) – U.S. household debt increased to a record $16.15 trillion in the second quarter, driven mostly by a $207 billion jump in mortgage balances, with credit card and auto loan debt…
UK’s Sunak: excessive borrowing spree is unwise amid rising inflation
LONDON – British leadership candidate Rishi Sunak said on Monday that excessive government borrowing in the face of rising inflation and interest rates would be unwise as he set out his plans…
Panama to regulate prices of 72 food items to ease rising living costs
PANAMA CITY – The Panamanian government announced on Monday it will regulate the price of 72 food items following weeks of angry protests and street blockades demanding the government take measures to…
Rising Inflation Is Driving Up Elderly Americans’ Taxes
Rising Inflation Is Driving Up Elderly Americans’ Taxes Blake Mauro on July 19, 2022 Elderly Americans relying on Social Security for income may become subject to increased income taxes thanks to skyrocketing…
Australian households well placed to absorb rising borrowing costs-RBA
SYDNEY – Australian households are generally well placed to absorb rising borrowing costs though more recent home buyers could be vulnerable with interest rates set to rise further in the months ahead,…
More Japan firms to pass on costs of rising commodity prices, weak yen- Reuters poll
By Tetsushi Kajimoto TOKYO – Four out of five large Japanese firms are passing on higher commodity costs to customers or intend to do so, a Reuters poll found, a sharp rise…
China’s trade faces rising uncertainties in second half of year: ministry
BEIJING – China expects June trade growth to remain relatively high, but said the second half year brings rising uncertainties, the commerce ministry said on Thursday. According to a survey, China’s foreign…
Taiwan June exports seen rising faster as supply chains woes ease – Reuters poll
TAIPEI – Taiwan’s exports likely rose for the 24th straight month in June and at a faster clip than in May, thanks to easing supply chain woes and stronger technology demand, a…
S.Korea policymakers to closely monitor impact of rising interest rates
SEOUL – South Korea’s finance ministry and central bank said on Monday they had agreed to cooperate in minimizing adverse risks of rising interest rates on vulnerable households and businesses. In a…
UK government proposes VAT cut to ease pain of rising prices-The Times
(Reuters) -Britain has proposed a cut in value-added tax, or VAT, to help households with the cost of living, The Times reported on Thursday. Prime Minister Boris Johnson’s chief of staff Steve…
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