Sunak pledges more spending as UK emerges from pandemic

UK 2021 GDP +6.5% vs previous forecast +4.0% Credit forecasts lowered by OBR Sunak: getting started with the post-pandemic economy Sunak says government is ready to act on inflation Promise for real spending increase for all departments LONDON, Oct. 27 (Reuters) – Chancellor of the Exchequer Rishi Sunak used a stronger forecast for Britain’s post-lockdown … Read more

RPT EXCLUSIVE US Slows Oil & Gas Fusion Resources

NEW YORK/WASHINGTON, Oct. 21 (Reuters) – US antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the past three months as President Joe Biden’s administration scrutinizes deals to stem soaring energy prices , according to regulatory filings and corporate lawyers. The slowdown comes amid mounting pressure … Read more

The only way is up: business leaders warn about prices

Adds CBI survey, AutoNation, SouthWestern, Unilever details Unilever warns prices will continue to rise next year Labor shortages will continue for years, according to Randstad UK manufacturers increase prices the most since 1980 Oct 21 (Reuters) – For central bankers grappling with whether inflationary pressures are transient, industry leaders around the world have a clear … Read more

Analysis: Supply Chains, Inflation Cloud Vaccine, Debt Trouble at IMF-World Bank Meetings

WASHINGTON, Oct. 15 (Reuters) – Supply chain problems and rising inflation concerns supplanted a widening gap in COVID-19 vaccinations and mounting debt problems for developing countries as the top concerns for global policymakers at the International Monetary Fund’s annual meetings and the World Bank this week . Relatively little new progress has been made in … Read more

Vulnerable US homeowners face uncertainty as mortgage interest deduction ends

A real estate sign advertising a home “under contract” is pictured in Vienna, Virginia, outside Washington, Oct. 20, 2014. REUTERS/Larry Downing Oct. 15 (Reuters) – Nearly half a million low-income homeowners in the United States, many of them minorities, are nearing the end of the mortgage interest deduction schemes that allowed them to stop making … Read more

Price squeeze: world economy caught in perfect storm

British chicken king says 20 years of cheap food is over IEA says energy crisis could threaten economic recovery Cold keeps coal prices high in China, power outage continues Biden targets bottlenecks threatening vacation sales LONDON/TOKYO, Oct. 14 (Reuters) – From beef bowls in Tokyo to chicken breast rolls in London, consumers are beginning to … Read more

Food, rents drive US consumer inflation in September

Shoppers browse a grocery store while wearing masks to slow the spread of the coronavirus disease (COVID-19) in northern St. Louis, Missouri, U.S. April 4, 2020. Photo taken April 4, 2020. REUTERS/Lawrence Bryant Consumer price index rises by 0.4% in September Food, rent account for more than half of the increase Core CPI gains 0.2%; … Read more

China’s September Exports Surprisingly Robust Despite Power Outage

An employee drives a truck with a container at a logistics center near Tianjin Port, in Tianjin, China, December 12, 2019. REUTERS/Yilei Sun/File Photo Sept exports +28.1% yr/yr vs +21% forecast in Reuters poll September imports +17.6% yr/yr vs +20% forecast September trade balance $66.76 billion vs. $46.8 billion forecast BEIJING, Oct. 13 (Reuters) – … Read more

Japan confronts rising inequality after Abenomics

TOKYO, Oct. 12 (Reuters) – Japan’s stock market has surged and luxury cars are selling fast in Tokyo after eight years of economic stimulus under Abenomics, but that newfound wealth is concentrated in a small segment of society rather than widespread, it appears from data. Addressing that gap has become a high priority for new … Read more

US service activity inches ahead; trade deficit jumps to record high

Sea containers are seen in the port of Bayonne, New Jersey, US, Aug. 21, 2021. REUTERS/Andrew Kelly/Files Service sector activity picks up in September Trade deficit rises 4.2% to $73.3 billion in August Imports are up 1.4%; export gains 0.5% WASHINGTON, Oct. 5 (Reuters) – US service sector activity picked up in September, but growth … Read more