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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
US consumers faced more high prices in August as Iran war raised energy costs
1+ day, 12+ hour ago (667+ words) Annualized inflation rate was 3.4%, same as July, and core inflation, which omits energy and food prices, rose to 2.4% US consumer prices remained stubbornly high in August as the end of the ceasefire between the US and Iran pushed energy prices…...
Woolworths increased prices of at least four ‘family staples’ during ‘Price Freeze’ promotion
2+ 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…...
The RBA hoped this year’s three interest rate rises would tame inflation – but nothing is going their way
3+ day, 12+ hour ago (556+ words) The breakdown of the US-Iran ceasefire, rising oil prices and the explosion in data centre investment are making the central bank’s task harder For five years the Reserve Bank has been trying to wrangle inflation back to its 2.5% target, and…...
Yes, cut red tape. But shareholder votes on boardroom pay are not ‘pointless admin’
4+ 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
5+ 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…...
John Healey backs growth but says Labour must be honest on spending
5+ day, 14+ hour ago (690+ words) Chancellor ducks questions on whether he will have to raise taxes but says he will stick firmly to fiscal rules John Healey has said boosting economic growth will be his defining mission as chancellor as he warned Labour had to…...
Australia’s housing prices are trending down. See which suburbs have had the biggest falls
1+ week, 1+ day ago (239+ words) Cotality says prices have declined in most capital cities over winter. Search the data to see how they have changed in your area Australia’s property market is facing a rare price correction, as rising interest rates and less favourable tax…...
Housebuilder Crest Nicholson warns of annual loss in ‘subdued’ property market
1+ week, 2+ day ago (315+ words) Firm will complete fewer homes than expected in year to 31 October – between 1,350 and 1,400 The British housebuilder Crest Nicholson has warned of a surprise loss this year as it bemoaned difficult trading in a “subdued” property market. In an unscheduled trading…...
UK mortgage rates set to rise as bond sell-off drives up borrowing costs – business live
1+ week, 2+ day ago (403+ words) Rolling coverage of the latet economic and financial news The oil price is dropping this morning, which should help ease the bond market wobble. Brent crude has dropped by 1.1% to $94.57 a barrel, having traded as high as $97/barrel on Wednesday....
Australia’s economy limps along, but the RBA should take a closer look before raising interest rates again | Greg Jericho
1+ week, 3+ day ago (886+ words) The story of the economy at the moment is one of give and take – and what’s good for investment is bad for trade When the Bureau of Statistics released the GDP figures on Wednesday, the June quarter 0.4% growth figure immediately…...