Economy
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The U.K. inflation rate fell for the third month in a row in January to hit 10.1%, below economists’ expectations
Inflation in the UK slowed down more than expected in January due to the fall in fuel prices.
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Ford to lay off 3,800 jobs in Europe
As part of its plan to return to electric cars, the US automaker Ford will lay off about 3,800 people…
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Fed Executive Waller warns against cryptocurrencies
Christopher Waller, Member of the Board of the US Federal Reserve (Fed), warned that those who own cryptocurrencies could lose…
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The US budget ran a $39 billion deficit in January 2023
The US federal government’s budget deficit was $39 billion in January as revenues fell and spending increased. The US budget…
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US manufacturing index at lowest level since 2020
The deterioration in the US manufacturing sector continued in the 5th month. The decrease in orders and production was effective…
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IMF’s Georgieva: Global recovery still partial and unstable
International Monetary Fund (IMF) Director Kristalina Georgieva said they are more optimistic about the global recession than they were a…
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FED/Mester: Fed rate needs to be raised slightly above 5 percent
Cleveland Fed President Loretta Mester argued that the Fed should raise the interest rate slightly above the 5.00-5.25 percent range…
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Biggest Credit Suisse shareholder cuts his stake
Harris Associates, one of Credit Suisse’s (CSGN.S) major shareholders, cut its stake in the bank roughly in half, to about…
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Fed/Kansas City: Rates should stay high until at least 2024
Kansas City Fed President Esther George said she raised her interest rate expectations to 5 percent and that rates should…
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Eurostat : Eurozone PPI at 9-month low
Eurozone PPI fell 30 percent in October to its lowest level in nine months, according to Eurostat data released on…
