Inflation Archives

Global markets react positively to Federal Reserve’s rate cut outlook

iraqupdate.comDecember 14, 2023December 14, 2023

by iraqupdate.comDecember 14, 2023December 14, 20230194

The Federal Reserve’s recent announcement has stirred significant optimism in financial markets. The Federal Open Market Committee (FOMC), maintaining interest rates at their current 22-year...

Business

Central bank of Turkey lifts benchmark interest rate to 35 percet amid inflation woes

iraqupdate.comOctober 26, 2023October 26, 2023

by iraqupdate.comOctober 26, 2023October 26, 20230302

In a decisive move to tackle rampant inflation, Turkey’s central bank announced a significant hike to its benchmark interest rate from 30% to 35% this...

Business

Despite Federal Reserve’s pause, financial waters remain choppy for consumers

iraqupdate.comSeptember 21, 2023September 21, 2023

by iraqupdate.comSeptember 21, 2023September 21, 20230342

The conclusion of the Federal Reserve’s recent two-day policy meeting brought with it a decision to keep interest rates steady. This came as somewhat of...

Business

Child poverty doubles as US grapples with post-COVID economy

iraqupdate.comSeptember 14, 2023September 14, 2023

by iraqupdate.comSeptember 14, 2023September 14, 20230244

As the US grappled with the aftermath of the COVID-19 pandemic, new data paints a bleak picture. Inflation-adjusted income witnessed a decline, while the child...

Business

Belgium’s €22 billion bond sale signals low bank rate frustration

iraqupdate.comSeptember 5, 2023September 5, 2023

by iraqupdate.comSeptember 5, 2023September 5, 20230304

In a historic move, Belgium has successfully raised a staggering €21.9 billion ($23.65 billion) from retail investors through a bond sale, eclipsing previous records and...

Business

China grapples with deflation as global concerns mount

iraqupdate.comAugust 10, 2023August 10, 2023

by iraqupdate.comAugust 10, 2023August 10, 20230333

China’s economic landscape is undergoing a seismic shift as it witnesses deflation for the first time since early 2021. Official data reveals a 0.3% decline...

Business

Chinese Yuan hits record lows against surging US dollar

iraqupdate.comMay 9, 2023May 9, 2023

by iraqupdate.comMay 9, 2023May 9, 20230424

The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic...

Business

Pakistan’s economy suffers major setback as IMF denies $6 billion loan

iraqupdate.comMay 8, 2023May 8, 2023

by iraqupdate.comMay 8, 2023May 8, 20230429

The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a...

Business

Walmart to lay off over 2,000 workers in five states amid tough times ahead

iraqupdate.comApril 5, 2023April 5, 2023

by iraqupdate.comApril 5, 2023April 5, 20230482

Walmart, the largest private employer in the US, is set to lay off more than 2,000 workers from five of its fulfillment centers that cater...

Business

Nasdaq falls as oil prices soar amid concerns of inflation and recession

iraqupdate.comApril 4, 2023April 4, 2023

by iraqupdate.comApril 4, 2023April 4, 20230532

The Nasdaq Composite fell 0.6% on Monday as oil prices soared amid concerns of inflation and a looming recession. The S&P 500 remained mostly flat...

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Ford issues US recall for Escape Focus Explorer…

EU softens 2035 ban on combustion engine vehicles

Tesla boosts China-made EV shipments by 9.9 percent

New Porsche Cayenne Electric delivers 850kw power and…

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Tag : Inflation

Global markets react positively to Federal Reserve’s rate cut outlook

Central bank of Turkey lifts benchmark interest rate to 35 percet amid inflation woes

Despite Federal Reserve’s pause, financial waters remain choppy for consumers

Child poverty doubles as US grapples with post-COVID economy

Belgium’s €22 billion bond sale signals low bank rate frustration

China grapples with deflation as global concerns mount

Chinese Yuan hits record lows against surging US dollar

Pakistan’s economy suffers major setback as IMF denies $6 billion loan

Walmart to lay off over 2,000 workers in five states amid tough times ahead

Nasdaq falls as oil prices soar amid concerns of inflation and recession

Malaysia halal exports rise 10.9% to RM68.52 billion

RideFlux wins South Korea’s first paid freight permit

South Korea auto exports rise on March hybrid demand

UAE president and EU Council chief discuss regional security

Sheikh Khaled begins Beijing visit to deepen UAE-China ties

China auto output and sales jump in March

Bank of Korea keeps rate at 2.5% for seventh hold

News

UAE president and EU Council chief discuss regional security

Abdullah bin Zayed, Kaja Kallas review UAE-EU ties

Bahrain and UK review regional tensions and economic risks

Health

DR Congo lifts national mpox emergency after two years

UNICEF and partners launch $300m child nutrition drive

WHO IARC maps preventable cancer risks across 185 countries

Automotive

2027 Mercedes-Benz S-Class adds DIGITAL LIGHT micro-LEDs

Ford issues US recall for Escape Focus Explorer and Lincoln MKC

EU softens 2035 ban on combustion engine vehicles