High Street job losses are “inevitable”, prices will rise, and shops will close as the result of the tax increases in the Budget and other rising costs, a group of the biggest retailers in the UK is warning. Tesco, Amazon, Greggs, Next, and dozens of other chains are urging the Treasury to reconsider some of the measures. In a letter to Chancellor Rachel Reeves, they said the “cumulative burden” of
MOSCOW (Reuters) – Russian gas producer Gazprom (MCX:) said it would send 42.4 million cubic metres of gas to Europe via Ukraine on Saturday, the same volume as on Friday, despite expectations of gas supplies cuts to Austria over a contractual dispute. Russian Interfax news agency cited data from European gas pipeline operators as saying that gas exports from Russia via Ukraine were stable, while Austrian company OMV was not
Trump may again seek cuts to Medicaid. Here’s who would be affected. Source link
Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that the Fed’s outlook was set to change under the incoming Republican administration’s fiscal plans, and
(Reuters) – German automotive and industrial supplier Continental on Monday (NASDAQ:) cut its sales guidance for the second time this year, blaming weak demand in Europe and North America, even as it posted third-quarter core profit above expectations. Continental now expects sales for 2024 to be between 39.5 and 42 billion euros ($42.9 and $45 billion), down from the 40 to 42.5 billion euro range it gave in August. That
Article content The number of homes sold in the Greater Toronto Area (GTA) rose substantially in October, leading industry analysts to suggest that the Bank of Canada‘s interest rate cuts had improved affordability and encouraged buyers to re-enter the market. The Toronto Regional Real Estate Board (TRREB) reported 6,658 homes were sold through its MLS system last month, a 44.4 per cent increase from October 2023. “It’s a really nice
Breadcrumb Trail Links Investor Martin Pelletier: Given the widening gap between our economy and America’s, we are not optimistic about our currency Published Oct 28, 2024 • Last updated Oct 28, 2024 • 3 minute read You can save this article by registering for free here. Or sign-in if you have an account. The debasement of our currency should be of serious concern, writes Martin Pelletier. Photo by Peter J
President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when he assumes office in January, his former Treasury secretary said Thursday. Steven Mnuchin, who held the post throughout Trump’s first term from 2017-21, told CNBC that he sees those items as critical to the Republican’s agenda. Tax cuts are “a signature part of his program,” Mnuchin said in a
