Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images The chief executive of the world’s largest wealth fund says there are many wild cards in financial markets right now, but the “big worry” for investors is … Read more
Nearly nine million Canadians lived in food insecure households in 2022, with 22.9 per cent of the population reporting some form of food insecurity, according to a Statistics Canada report released Friday. The data agency wrote in its annual Canadian Income Survey that 8.7 million people lived in households that reported some kind of food insecurity. … Read more
The Federal Reserve’s preferred measure of inflation showed prices once again rose at an unexpectedly brisk rate in March, marking another setback for rate-cut timing. The core Personal Consumption Expenditures Price Index rose 0.3% in March from the previous month and 2.8% year-over-year, according to the latest Bureau of Economic Analysis data released Friday. The … Read more
The enduring, purely alcohol masterpieces on which Buenos Aires bartenders built their global reputations in the 1950s are all still available, as are the classic recipes brought in long ago by Americans in exile from the Prohibition of the 1920s. Agostina Gerling, manager of hugely successful Buenos Aires bar Tres Monos, prepares one of the … Read more
The fall in household savings has been at the heart of recent debates in India. The decline in household savings is brought about by a drastic reduction in net financial savings as the household net financial savings to GDP ratio attained a four-decade low. Figure 1 shows the broad trend in household savings, physical savings … Read more
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC While the aviation industry has been in the spotlight lately for a host of safety issues, airline executives say there is no sign of slowing demand for flights. United Airlines “as an airline and as an industry” will carry record … Read more
Last Updated: April 19, 2024, 10:21 IST Bajaj Auto To Roll Out Qute Quadricycles In Egypt. With a fleet of 500,000 three-wheelers already traversing Egyptian streets, Bajaj Auto aims to gradually transition towards quadricycles. Bajaj Auto, the leading two-wheeler and three-wheeler manufacturer, is not just speeding ahead in India but also making waves in Egypt. … Read more
Workers deliver drinks to a pub in the City of London, UK, on Tuesday, April 16, 2024. Bloomberg | Bloomberg | Getty Images Inflation in the U.K. eased to 3.2% in March from 3.4% in February, the Office for National Statistics said on Wednesday, but a set of higher-than-expected figures spurred investors to push back … Read more
The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to ECB policymaker François Villeroy de Galhau. “The question is the next Governing Council which will be early June … and here barring a major surprise we should cut rates because we are now confident enough and … Read more
Tensions in the Middle East pose the biggest threat to a prospective interest rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann. “At this stage, I think the biggest threat is geopolitics, because we have seen what’s happened in the Middle East,” Austrian central bank Governor Holzmann told CNBC’s Karen Tso … Read more
