economies

Nearly 1 in 3 UK Residents Miss Payments as Mortgage Arrears Soar by 50% Amidst Rising Interest Rates

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Nearly 1 in 3 UK Residents Miss Payments as Mortgage Arrears Soar by 50% Amidst Rising Interest Rates

Mortgage repossession claims in Q1 jumped over 40% in 18 months. PhotoMIX Company/Pexels.com The UK Department for Work and Pensions-backed Money and Pensions Services (MaPS) October 2023 survey of UK residents revealed that 30% had missed at least one payment during the year, with many experiencing the setback for the first time. The research showed … Read more

U.S. raises tariffs significantly on EVs, other goods from China

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U.S. raises tariffs significantly on EVs, other goods from China

The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs are unlikely to have much of an inflationary impact because of how they’re structured. Administration officials said they … Read more