Tag: inflation
World
US Treasury: US economy is facing unsustainable inflation
US Treasury Secretary Janet Yellen said the US is facing unsustainable inflation."A proper fiscal stance is needed to help prevent inflationary pressures without hurting...
World
FAO has warned that the total number of people at risk of poverty in Latin America and the Caribbean has risen to 86.4 million.
The Food and Agriculture Organization of the United Nations (FAO) has warned of the effects of inflation and economic slowdowns in Latin America and...
Economy
The Central Bank of Russia lowered the interest rate to 11 percent
Russia's central bank cut interest rates on the ruble by 300 basis points to 11 percent on Thursday, the third rate cut in two...
World
The Turkish lira drops to 16.4 against the dollar, its lowest level this year, amid growing demand for foreign currency.
The Turkish lira fell to its weakest level since the December crisis, with analysts questioning the authorities' ability to keep it stable without new...
World
Sky News: UK food prices hit 13-year high
“The increase in food prices in the United Kingdom for 12 weeks by May 15 reached the highest level in 13 years,” reports Sky...
Economy
The European Central Bank plans to raise interest rates for the first time in a decade
“We can probably get out of negative interest rates by the end of the third quarter,” European Central Bank President Christine Lagarde said in...