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Latest US news, world news, sports, business, opinion, analysis and reviews from the Guardian, the world's leading liberal voice
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News
Woolworths increased prices of at least four ‘family staples’ during ‘Price Freeze’ promotion
3+ day, 12+ hour ago (688+ words) Exclusive: Analysis shows cost of chicken fillets, potatoes and donuts rose during supermarket giant’s three-month promotion Woolworths raised prices for popular items – including a 33% mark up on chicken fillets – within days of promising to freeze prices on 300 “family staples” for…...
Yes, cut red tape. But shareholder votes on boardroom pay are not ‘pointless admin’
5+ day, 9+ hour ago (182+ words) Nothing good can come of ditching annual investor votes on remuneration reports or encouraging online-only shareholder meetings The government, like every other one in living memory, is on a mission to reduce red tape for business. The former chancellor Rachel…...
Record strength El Niño could mean bigger supermarket bills for Australians, experts warn
6+ day, 12+ hour ago (650+ words) Predicted hot and dry weather in growing areas in eastern Australia identified as ‘one of the key issues’ that will affect food prices over next 12 months The most severe El Niño weather event on record threatens to push food prices…...
We’re purchasing EVs instead of holidaying in Europe – and what else we learned from Australia’s national accounts
1+ week, 4+ day ago (760+ words) ABS’s snapshot of Australia’s accounts shows economic growth – albeit low – in the face ‘challenging international circumstances’ The Australian Bureau of Statistics released its latest set of national accounts, which give us a snapshot of how the economy is performing in…...
Bond sell-off intensifies around the world as oil prices rise above $91 a barrel, stoking inflation fears – business live
1+ week, 5+ day ago (645+ words) Renewed fighting in Middle East weighs on financial markets; Shein shares tumble after Hong Kong stock market debut More on Shein’s stock market debut in Hong Kong. “Let global consumers enjoy the sound of fashion,” said Leigh Gui, Shein’s chief…...
Price rises gather pace in UK shops amid higher energy costs
1+ week, 5+ day ago (489+ words) In-store inflation rises to an annual 1.5% in August, according to a survey for the British Retail Consortium The pace of price rises in UK shops rose to its highest level in two years in August, a trade body index shows,…...
Fears grow for fourth rate hike after higher than expected July inflation
2+ week, 4+ day ago (489+ words) ABS says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike Fears are growing that the Reserve Bank will hit millions of mortgage holders with a fourth rate hike this year, after inflation…...
US Treasury’s Scott Bessent ‘making mistake’ interfering with bond markets, former mentor warns
2+ week, 5+ day ago (405+ words) Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury…...
UK inflation rises to 2.9% as Iran war fuels living costs squeeze
3+ week, 4+ day ago (378+ words) Higher energy costs push up CPI but jobs slowdown could deter Bank of England from raising interest rates UK inflation rose to 2.9% in July as the impact of the Iran war on energy prices triggered a renewed cost of living…...
Oil prices rise as US-Iran ceasefire ends; UK wage growth slows amid cost of living squeeze – business live
3+ week, 5+ day ago (460+ words) Brent crude climbs above $91 a barrel Good morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business. Oil prices have risen, trading above $90 a barrel, as hopes faded for a deal to…...