Inflation bites the pockets of Italians. And it becomes the first obstacle that the newly installed Meloni government will have to face. The October data released by Istat are one unexpected shock that far exceeds all expectations. The consumer price index flew from + 8.9% to 11.9% – the highest level since March 1984 – … Read more
Sales of McDonald’s establishments that have been open for at least a year have increased by 9.5%. Their growth has therefore exceeded the expectations of analysts, who estimate it at only 5.8 percent, according to a survey by Refinitiv. However, net profit in the third quarter fell 8% to $ 1.98 billion (around CZK 48.4 … Read more
Jakarta, CNBC Indonesia – Rushi Sunak warned that the economic crisis would be severe and worsen for the UK. This was communicated by Sunak on his first day of service as the new Prime Minister (PM) of the United Kingdom. “Our country is facing a deep economic crisis right now,” said Sunak at 10 Downing … Read more
AFP, published Tuesday 25 October 2022 at 07:47 Here you can put pumpkin, plantains and frozen meat in the cart without paying a penny or for a nominal fee. In Atlanta, an alternative supermarket has set itself the task of helping the “new poor population” in the face of record inflation. “Have you been to … Read more
According to a senior cabinet office official, BOJ Governor Haruhiko Kuroda made remarks on the depreciation of the yen against the dollar at a ministerial meeting on the 25 monthly economic report. In the photo, Governor Kuroda gives a speech to the Reuters Newsmaker in Tokyo on March 24, 2017 (Reuters / Toru Hanai, 2022) … Read more
pte20221024022 Company / economy, trade / services 24.3 percent of companies report to the Ifo Institute that banks are reluctant to lend Money: Many small businesses report reluctant banks (Photo: pixabay.com, moerschy) Munich (pte022 / 24.10.2022 / 11: 30) – Due to the overlapping crises, German companies are finding it increasingly difficult to obtain new … Read more
Jakarta, CNBC Indonesia – The deterioration of economic conditions in continental Europe has triggered massive protests and strikes in the region. Workers are demanding higher wages to compensate for sharp increases in energy and food prices. Thousands of Romanians joined the demonstration in Bucharest to protest against the cost of energy, food and other basic … Read more
Data from Morocco’s High Commissioner for Planning showed that the inflation rate rose to 8.3% at the end of September, on an annual basis. He added that this increase came with an increase in food prices of 14.7% and the cost of transportation by 12.9%. According to data from the High Commissioner for Planning, the … Read more
The Turkish central bank cut its benchmark interest rate by 150 basis points to 10.5% after annual inflation rose above 83% in September. The Turkish lira lost 29% of its value this year On Thursday, the Turkish central bank cut its benchmark interest rate by 150 basis points to 10.5%, a more-than-expected decline, to continue … Read more
To the surprise of the financial markets, the Turkish central bank lowered its benchmark interest rate to 10.5% on Thursday. This is while the country is struggling with skyrocketing inflation of more than 83% in September. Consumer prices in Turkey have risen almost continuously in double digits since the beginning of 2017. Inflation has increased … Read more