inflation

United Kingdom suffers worst strike in 30 years

West News Wire: More than 500,000 workers went on strike on Wednesday, marking the start of the biggest walkout in the UK in thirty years. They were protesting salary hikes that don't keep up with inflation, problems with pensions,...

Economy of Philippines grows at quickest rate in forty years

West News Wire: The Philippine economy finished 2022 with the highest growth in more than 40 years, supported by a strong last quarter. However, analysts and policymakers warn that the coming year would be challenging due to the global...

US retail sales drop in December, beats forecast

West News Wire: Retail sales in the United States decreased more than anticipated in December, with losses in purchases of cars and various other commodities being the main contributors. This puts consumer spending and the economy as a whole...

Boat carrying migrants sinks off Tunisia’s coast, 5 dead

West News Wire: An overcrowded boat carrying migrants and refugees trying to cross the Mediterranean from Tunisia to Italy sunk, leaving at least five people dead and 10 missing. According to a Tunisian judicial source, the boat sank off the...

Global economy may face tough challenges in 2023 than 2022: IMF chief

West News Wire: The International Monetary Fund (IMF) chief has warned that this year would be more difficult than 2022 for the majority of the global economy due to sluggish growth in the United States, the European Union, and...

Rising energy prices increase worries to the people of UK

West News Wire: Tensions and animosity among tenants are being fueled by Britain's rapidly escalating cost of the living problem, which has made this winter particularly painful for millions of homes attempting to reduce their heating costs. According to reports,...

Spain launches $10 billion aid plan to combat inflation

West News Wire: In its third large package this year, Spain has announced 10 billion euro ($10.65 billion) worth of measures to lessen the sting of inflation, increasing the total amount of help since early 2022 to 45 billion...

Bank of Canada raises interest rates to peak point in 15 years

West News Wire: On Wednesday, the Bank of Canada increased its benchmark overnight rate by 50 basis points to the highest level in over 15 years, indicating that the historic tightening cycle was about to come to an end. To...

Rising food costs affect Thanksgiving dinner plans

West News Wire: According to the most recent Consumer Price Index statistics from the Bureau of Labour Statistics, grocery costs in the United States have increased by 13 percent since last Thanksgiving. And the cost of almost every item...

UK debt jumps since new energy support policies

West News Wire: According to a statement released on Tuesday by the Office of National Statistics (ONS), the British government borrowed £13.5 billion ($16 billion) in October as a result of costly household energy assistance programs and rising prices. The...
- Advertisement -spot_img

Latest News

Shell’s profit doubles to record high as war hikes energy prices

West News Wire: As the oil supermajor benefited from the spike in energy prices brought on by Russia's invasion...
- Advertisement -spot_img