News
Trump adviser calls for Fed economists to be 'disciplined'
2+ hour, 27+ min ago (671+ words) One of Donald Trump's most senior economic advisers has said a group of economists should be "disciplined" for a Federal Reserve study which argued that US firms and consumers have borne the brunt of the president's tariffs. National Economic Council…...
UK inflation rate falls to 3% helped by cost of petrol and bread - follow live
15+ hour, 39+ min ago (1834+ words) The drop had been forecast by economists - the Office for National Statistics says it was driven in part by the cost of bread, cereal and petrol It's a fall from December's 3.4% rate, but inflation remains above the Bank of England's…...
Lower food and fuel prices drive inflation down to 3%
17+ hour, 8+ min ago (835+ words) The UK's inflation rate fell to 3% in January, down from 3.4% in December, driven by food, fuel and airfare prices. Economists said the decrease raised the likelihood the Bank of England will cut interest rates at its March monetary policy meeting....
Food prices are surging in Russia. Is the war hitting Russians in the pocket?
23+ hour, 52+ min ago (1196+ words) "Life is becoming more expensive," complains Alexander, a Moscow-based advertising specialist who works for a big corporation. In the course of one month his monthly food budget soared by more than 22% - from 35,000 roubles (330; $450) to 43,000 (406; $555). With Russia's economy hanging somewhere between…...
Isle of Man budget sees largest ever personal allowance rise
1+ day, 13+ hour ago (690+ words) The largest ever single increase in the personal tax allowance has been revealed as part of the Isle of Man's budget for the financial year ahead. Delivering a budget billed as being of "stability, security and confidence", Treasury Minister Chris…...
UK unemployment rate hits five-year high of 5.2%
1+ day, 16+ hour ago (429+ words) Unemployment in the UK rose to a near five-year high in the last three months of 2025, official figures show. The unemployment rate climbed to 5.2% in the quarter, the Office for National Statistics (ONS) said, up from 5.1% in the three months…...
Restaurants raising prices to keep the doors open
1+ day, 22+ hour ago (408+ words) A restaurant owner says it is becoming "more and more difficult to operate and make money" in Jersey due to rising costs. Zara Kramer, of The Pavilion in St Helier, said independent restaurants were "the soul of the community" and…...
Is eating out too expensive now? Families say higher prices put them off
4+ day, 22+ hour ago (1450+ words) The grilled chicken burger has long been James Deegan's dish of choice at his favourite restaurant - but he's not particularly impressed by it these days. "It used to cost "12, it's now "18," he tells me. "Plus a drink, obviously, it's quite…...
Inflation eases in US as prices for used cars fall
5+ day, 10+ hour ago (274+ words) Inflation in the US cooled last month, as prices for energy and used cars dropped. The consumer price index rose 2.4% over the 12 months to January, the Labor Department said. That was down from 2.7% in the prior month and marked the…...
Costs from Trump's tariffs paid almost entirely by US consumers
5+ day, 23+ hour ago (565+ words) As President Donald Trump changed tariff agreements with a number of countries, there was one constant: goods became more expensive for US companies and consumers. In research released Thursday by the Federal Reserve Bank of New York, a group of…...