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Brazil announces new measures to stave off rising fuel costs
Brazil on Wednesday announced a new package of measures to temper fuel price increases caused by the war in the Middle East.The move comes ahead of elections in October, which are predicted to be tight.President Luiz Inacio Lula da Silva's government announced subsidies for gasoline, which had been left out of an initial price-mitigation package in April, as well as for diesel.Brazil to militarise key airports, ports and borders in crackdown on organised crimeUnder US pressure, Lula delays Brazi...
Coles caught disguising price hikes as fake specials in bombshell court ruling
Coles misled shoppers with illusory discounts, a court has ruled after a landmark case brought by the consumer watchdog.
Why buying gold in UAE will now be more cheaper for Indian expats
Dubai: India’s decision to raise import duties on gold and silver to 15% from 6% is reshaping buying patterns across the Gulf, with UAE jewellers expecting stronger demand from Indian residents, tourists, and investors.For UAE residents, the change could translate into significantly lower prices compared with India, especially during the upcoming summer travel and wedding season.Get updated faster and for FREE: Download the Gulf News app now - simply click here.Duty-free limits According to Sham...
Inside the South Korean mines that will provide U.S. with key metal for Iran War
In South Korea, an American company is mining for rare minerals used to make weapons and ammunition. Trade tensions with China have strained access to the mineral, tungsten, and the war with Iran is forcing the U.S. to find even more of it. NBC’s Janis Mackey Frayer reports from South Korea.
Govt hikes duty on gold, silver from 6% to 15% in bid to lower demand
In an effort to curb demand, India's finance ministry has doubled the customs duty on gold and silver to 15%, significantly increasing domestic prices. This move follows Prime Minister Modi's appeal to reduce gold purchases, as India is the world's second-largest buyer of the precious metal.
Inflation is getting worse, Americans are feeling the impact
Wholesale prices in the U.S. jumped 6% last month compared to a year ago, the highest annual increase in more than three years. Gas prices are driving the increase, and Americans are feeling the impact. Jo Ling Kent reports.
China's most critical issue is Taiwan, also central to America's economy
Chinese President Xi Jinping has called Taiwan "the most important issue" between his country and the U.S. About 10% of the population in Taiwan wants to reunify with mainland China, and there are real fears that it will fall under communist control. Tony Dokoupil and Anna Coren break down its importance to China and the U.S.
Who is Kevin Warsh, the former banker set to lead US Federal Reserve?
International Business News: Kevin Warsh, a longtime Republican economic adviser and former Federal Reserve governor, has been confirmed as the next chair of the US Federal Reserv.
Housing market in England and Wales weakening due to Iran war, say estate agents
Homebuyers more cautious due to possible mortgage rate rises and higher inflation as sellers sit on propertiesFears of higher mortgage rates and rising inflation as a result of the Middle East conflict are leading to a subdued and downbeat housing market, according to estate agents.Demand from potential homebuyers across England and Wales has shown a “noticeable softening” recently, according to a monthly survey of estate agents by the Royal Institution of Chartered Surveyors (RICS). Continue re...
Trust in water companies plunges to new low amid soaring household bills
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New stamps issue celebrates ‘skill, ambition and design’ of castles
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Regional divide as house prices came under increased pressure in April – report
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The true impact of Net Zero revealed as Britain's £92billion industry teeters on the edge
The true impact of Britain's drive towards Net Zero has been revealed, with the nation's £92billion car industry seeing production drop by nearly 60 per cent in the last 10 years.The exclusive report has been provided to GB News by Facts4EU, in collaboration with Stand for Our Sovereignty and The Campaign for an Independent Britain. According to the think-tank, UK is producing 1 million fewer cars than it was a decade ago.Former Conservative minister Lord Redwood told the People's Channel: “Fact...
AI Bond Binge Overwhelms Wall Street, Pushing Alphabet Overseas
Bankers were still putting the final touches on Alphabet Inc.’s blockbuster $17 billion of bond sales when word started to spread Monday morning on Wall Street: the company is already hawking more debt.
Oil Steady Ahead of Trump-Xi Talks as Iran War Tensions Simmer
Oil was steady ahead of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, which is being held against the backdrop of the Iran war that shows no signs of a near-term resolution.
Asian Stocks to Climb as Wall Street Hits New High: Markets Wrap
Stocks in Asia were primed to rally Thursday after a US tech rally drove new highs on Wall Street, quelling concerns over inflation that have fueled wagers the Federal Reserve will keep rates higher for longer.
Chippy boss installing self-service tills as 'abrupt' customers query prices
Chippy boss installing self-service tills as 'abrupt' customers query prices6 hours agoShareSaveAdd as preferred on GoogleElen DaviesBBC Wales, PembrokeshireBBCRhys McLoughlin says cod used to be his biggest seller, but now it's chicken chunksA fish and chip shop owner says he is installing self-service tills to protect staff from customers with "abrupt" questions about price rises.Rhys McLoughlin, co-owner of Môr Ffres in Dinas Cross, Pembrokeshire, said there were "lots of questions being aske...
PEP Firms Sweeten Loan Terms as Volatility Hits Riskier Debt
Underwriters of two proposed loans to Australia-based Pacific Equity Partners’ companies have sweetened the terms, people familiar with the matter said, signaling investor demand for greater returns in a volatile market.
Trump's China trip underway as Americans grapple with higher costs
President Trump arrived in Beijing on Wednesday for a summit with Chinese President Xi Jinping. Mr. Trump's trip comes as Americans face higher costs for gas, food and more. CBS News' Anna Coren and Samantha Vinograd report.
Rare Earth Minerals Expected to be Central to Trump, Xi Talks
Lipi Sternheim, CEO of rare earth mining company REAlloys, said that his company is racing to build infrastructure to mine rare earth minerals in North America to compete with already established supply chains from China. Sternheim said that because US rare earths production won't happen overnight, it is important that president trump secures short term supply during his meeting with President Xi in China. (Source: Bloomberg)