Biden to call for suspension of federal tax on gasoline source Biden expected to speak at 1800 GMT June 22 Reuters Oil prices tumbled by more than 6 a barrel on Wednesday amid a push by U.S. President Joe Biden to cut fuel costs for drivers in the latest episode to aggravate relations between the […]

IMF official terms progress 39;important39; Pakistan finmin says fiscal, budget targets agreed Minister expects IMF to up size, duration of bailout ISLAMABAD, June 22 Reuters Key progress has been made in talks on the revival of Pakistan39;s International Monetary Fund bailout programme, both sides said on Wednesday, with Islamabad expecting the lender to increase the […]

Inflation hits 9.1, highest since March 1982 UK has highest inflation rate out of G7 Food price inflation hits highest since 2009 Inflation to top 11 later this year, BoE predicts LONDON, June 22 Reuters Soaring food prices pushed British consumer price inflation to a 40year high of 9.1 last month, the highest rate out […]

LONDON, June 22 Reuters British food price inflation looks on course to hit 20 in the first quarter of next year, U.S. bank Citi predicted on Wednesday after the latest official data pointed to further price rises in the pipeline. Overall consumer price inflation hit a fresh 40year high of 9.1 in May, as rising […]

LONDON, June 22 Reuters A growing group of countries are likely to see their credit ratings come under pressure as rising global interest rates hit alreadystretched finances, one of the world39;s biggest rating agencies SP Global has warned. A new report published by the firm39;s top analysts on Wednesday said heavilyindebted Italy could be facing […]

OTTAWA, June 22 Reuters Canadian consumer prices increased in May at rates not seen since January 1983, surging past analyst forecasts, largely driven by pricey gasoline, official data showed on Wednesday, upping the pressure on the central bank to hike rates more forcefully Canada39;s annual inflation rate accelerated to 7.7 in May, galloping past April39;s […]

LONDON, June 22 Reuters British house prices in April were 12.4 higher than a year earlier, the secondbiggest annual rise in figures going back to 2006, the Office for National Statistics said on Wednesday. The big price rise bucks signs of a slowdown in other measures of house prices, and is the largest annual increase […]

LONDON, June 21 Reuters Annual pay rises agreed at British workplaces steadied last month at a historically high rate but fell further behind soaring inflation, according to another survey on Tuesday that suggested fears of a wageprice spiral may be overdone. XpertHR, a pay and personnel data publisher, said employer pay deals for the three […]

HARARE, June 20 Reuters Zimbabwean health workers went on strike on Monday after rejecting a 100 wage hike offer last week, pressing their demand for payment in U.S. dollars as the local currency slumps. Zimbabwe39;s main nurses39; union urged the government to negotiate and warned that lives would be lost if the dispute was not […]

BERLIN, June 21 Reuters Germany39;s estimated tax take over the first five months of the year was 15.1 higher than last year, thanks partly to a strong recovery from the pandemic and despite the war in Ukraine, the Finance Ministry said. The estimated tax take for May by both central and regional governments was up […]