The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

Biden is playing Trump’s economic game

Americans are so politically polarised that voters’ stated views on the economy’s health are now shaped overwhelmingly by which party they identify with. Back in the 1980s Ronald Reagan era, or even in the heady pre-crisis boom of 2006 under George W Bush, Republicans were unsurprisingly more upbeat about economic conditions than Democrats. But the gap in judgments by party […]

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Are Christmas trees more expensive this year? Experts say yes

HUNTINGTON, N.Y. (AP) — Add Christmas trees to the list of items facing shortages and higher prices this year. Several factors are driving the trend, Newsday reported, including over-the-top sales last year during the first Christmas during the COVID-19 pandemic and supply chain issues this year. Experts said tree buyers should expect to pay between 10% and 30% more for […]

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Singaporeans putting more money into investments: UOB study

SINGAPORE – More Singaporeans are looking for ways to grow their wealth, a study by UOB has found. The results of the UOB Asean Consumer Sentiment Study, released on Friday (Nov 19), found that close to two in five respondents, or 38 per cent, put more money into investments in the past six months. This is an increase of 8 […]

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McKinsey launches Asia sustainability innovation hub with HQ in Singapore

SINGAPORE – Global consulting firm McKinsey & Company on Friday (Nov 19) launched a sustainability innovation hub for Asia, headquartered in Singapore. The hub, named Vivid, aims to help governments and businesses navigate the risks and opportunities in the transition to a more sustainable future. McKinsey said the launch is part of the firm’s expansion in Asia and acceleration of its […]

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When it comes to inflation, Australia hopes to remain an island

The Reserve Bank is counting on Australian exceptionalism or, more bluntly, a healthy dose of isolation. The central bank is going to great pains to distance the economy from the faster inflation that’s led policy makers from Wellington to Oslo to raise interest rates, or intimate that hikes are on the way. Governor Philip Lowe may be the first chief […]

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Biden admin plans COVID-19 vaccine production blitz

Fox Business Flash top headlines for November 17 Check out what’s clicking on FoxBusiness.com. The Biden administration will reportedly invest billions of dollars into expanding the domestic production of COVID-19 vaccines.  The move is intended to build manufacturing capacity, with the goal of producing an additional one billion doses per year. A senior health official from the Department of Health […]

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Banking, investment chiefs say high inflation levels no longer transitory

SINGAPORE – Higher inflation is expected over the next few years as the world emerges from the Covid-19 pandemic, according to senior bankers at a forum in Singapore on Wednesday (Nov 17). UBS Group chairman Axel Weber told the event that while growth and economic recovery should continue, governments and central banks have important roles to play in ensuring prices […]

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U.S. Import Prices Jump More Than Expected Amid Surge In Fuel Prices

A report released by the Labor Department on Tuesday showed U.S. import prices jumped by more than expected in the month of October. The Labor Department said import prices shot up by 1.2 percent in October after rising by 0.4 percent in September. Economists had expected import prices to increase by 1.0 percent. The stronger than expected import price growth […]

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Democrats' tax plan would cost US economy more than it raises in new revenue: analysis

This administration doesn’t understand inflation or supply chain: Kennedy ‘Kennedy’ host and panelists debate the factors driving the 31-year high inflation rates. President Biden's signature social spending and climate bill promises to offset nearly $2 trillion in spending with higher taxes on corporations and the wealthiest Americans, but a new analysis shows how the U.S. economy would actually lose more […]

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