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8+ min ago (146+ words) India's retail inflation rises to 0.71% in November Rural headline inflation rose to 0.10 per cent in November from -0.25 per cent in October Rural food inflation improved from -4.85 per cent in October to -4.05 per cent in November.Urban inflation saw a sharper rise, with headline inflation increasing from 0.88 per cent in October to 1.40 per cent in November Urban food inflation also moved up, from -5.18 per cent to -3.60 per cent.Housing inflation remained steady, recording 2.95 per cent in November compared to 2.96 per cent in October The housing index is compiled only for the urban sector.Education inflation eased slightly to 3.38 per cent from 3.54 per cent in October, while health inflation moderated to 3.60 per cent from 3.81 per cent Transport and communication inflation stood at 0.88 per cent, marginally lower than 0.94 per cent in October...

12+ min ago (244+ words) Economy contracted by 0.1% in October, according to the Office for National Statistics The UK economy shrunk by 0.1 per cent in October in a fresh blow for embattled chancellor Rachel Reeves. The Office for National Statistics (ONS) published its latest GDP figures for the month of October on Friday morning. ONS director of economic statistics Liz McKeown said: "Within production, there was continued weakness in car manufacturing, with the industry only making a slight recovery in October from the substantial fall in output seen in the previous month." Most economists had been expecting a rise of 0.1 per cent for October. Rising GDP signals economic growth, which is generally welcome news for the country's companies, households and politicians. When GDP is falling, it means the economy is shrinking. If it falls for two quarters in a row, the country is considered to…...

18+ min ago (172+ words) The UK's economy contracted for the second month running in October, defying expectations for a rebound as car manufacturing only made a slight recovery from the Jaguar Land Recovery cyber attack. The Office for National Statistics (ONS) said gross domestic product (GDP) fell 0.1% in October, following a 0.1% decline in September. Most economists had been expecting a rise of 0.1% for October on hopes of a manufacturing bounceback led by Jaguar Land Rover's (JLR) recovery from a major hack. The data shows the UK economy has now not grown since June, with GDP either flat or falling in the past four months. Many businesses have recently indicated that activity in the economy slowed in the lead up to the Budget, delivered on November 26, as speculation over possible tax measures grew. ONS director of economic statistics Liz McKeown said: "Within production, there was…...

19+ min ago (773+ words) The UK's economy contracted unexpectedly in October, as the autumn budget cast a shadow of uncertainty ahead of Rachel Reeves' statement on 26 November. Office for National Statistics (ONS) data showed UK GDP slipping 0.1% month on month, confounding City forecasts of a 0.1% expansion. The decline followed a 0.1% fall in September and flat output in August, evidence of what economists describe as a protracted period of stagnation. Services, which account for more than 80% of economic output, registered no growth in October. The latest reading also undershot polling of economists, who had pencilled in a 0.1% rise. Liz McKeown, director of economic statistics at the ONS, said: "The economy contracted slightly in the latest three months as production fell again and services growth stalled." She added: "Within production there was continued weakness in car manufacturing, with the industry only making a slight recovery in…...

25+ min ago (601+ words) Pre-Budget worries and speculation that chancellor Rachel Reeves would hike income tax has been blamed Experts have predicted a pre-Christmas interest rate cut is now "nailed on" after a shock contraction in the economy in October. Pre-Budget concerns and speculation around tax hikes has been blamed for after the economy unexpectedly shrank for the second time in as many months. The official figures show the economy shrank by 0.1 per cent in October, following a 0.1 per cent decline in September. It means the UK economy has grown only once in the last seven months. Most economists had been expecting a small rise of 0.1 per cent for October, amid hopes of a bounce back in manufacturing led by Jaguar Land Rover's recovery after a major cyber attack. But today's figures mean a rate cut " to 3.75 per cent " now appears highly likely when…...

25+ min ago (184+ words) The UK's economy shrank unexpectedly in October, according to the latest official figures. The economy contracted by 0.1%, the Office for National Statistics (ONS) said, whereas economists had been expecting it to grow by 0.1%. Over the three months to the end of October the economy also shrank by 0.1%, as manufacturing output fell and services growth stalled, the ONS said. "Within production, there was continued weakness in car manufacturing, with the industry only making a slight recovery in October from the substantial fall in output seen in the previous month," ONS director of economic statistics Liz McKeown said. It comes after intense scrutiny of the Office for Budget Responsibility in the run-up to the Budget. Badenoch claimed Labour had tipped the balance too far against workers and in favour of welfare. The government U-turned on protection against dismissal from day one last…...

26+ min ago (337+ words) New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved a proposal to allow 100 per cent foreign direct investment (FDI) in insurance companies in a major economic reform that does away with the 74 per cent limit that was in place for such investments. The Cabinet approval will pave the way for attracting more foreign investment in the insurance sector, increase competition which in turn will benefit customers. The Insurance Laws (Amendment) Bill 2025 is likely to be introduced during the ongoing winter session of Parliament which draws to an end on December 19. The Lok Sabha bulletin lists the Insurance Laws (Amendment) Bill 2025, aimed at boosting insurance penetration, accelerating sectoral growth and development, and improving the ease of doing business, among the 13 legislative items for discussion in the parliamentary session. Finance Minister Nirmala Sitharaman had, during the presentation…...

30+ min ago (32+ words) The UK economy shrunk by 0.1 per cent in October in a worse than expected performance, underscoring the challenges facing the country's Labour government as it seeks to reinvigorate growth. The ......

34+ min ago (476+ words) USD recovered some of yesterday's losses and trading close to the middle of its range in place since June.The MSCI All Country World Index rallied to a record high yesterday underpinned by Fed easing and resilient global economic activity.USD has room to edge down to the lower-end of its range as it converges towards the level implied by US-G6 rate differentials, BBH FX analysts report. "The Federal Reserve Board of Governors unanimously reappointed 11 of the 12 regional Fed presidents to new five-year terms which begins on March 1, 2026. Atlanta Fed President Raphael Bostic previously announced he would retire at the end of his term on February 28, 2026. The reappointments underscore institutional continuity, and ease worries about political interference at the Fed." "In our view, the Fed will deliver more than the one cut it has penciled in for next year. US…...

34+ min ago (685+ words) [Off Topic: Corporate greed is ruining holiday magic]From preparing a Ralph Lauren Christmas to scrolling through Clean-Girl Gift Guides, the pressure to consume skyrockets every holiday season. Social media sorts consumers into aesthetics, pressuring buyers to curate Instagrammable decorations and gifts. Every year, there is an entirely new standard people must meet in order to create holiday magic. But these rapid trend... This story Off Topic: Corporate greed is ruining holiday magic appeared first on Washington Square News. [Off Topic: Corporate greed is ruining holiday magic]From preparing a Ralph Lauren Christmas to scrolling through Clean-Girl Gift Guides, the pressure to consume skyrockets every holiday season. Social media sorts consumers into aesthetics, pressuring buyers to curate Instagrammable decorations and gifts. Every year, there is an entirely new standard people must meet in order to create holiday magic. But these…...