Economy

Inflation Sees Food Prices Soar to Record High in Germany

Inflation Sees Food Prices Soar to Record High in Germany

Inflation in Germany has seen food prices soar to the highest level on record in July, according to the country’s statistical agency. The food inflation comes despite the overall pace of price growth easing slightly. On Wednesday, Destatis, Germany’s Federal Statistical Office, said that food prices jumped by 14.8 percent…
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Number of Homes for Sale Across US Soars

Number of Homes for Sale Across US Soars

The number of homes listed for sale across the United States has soared to a record high in July, according to reports. A new report published by Realtor.com on Tuesday signals that higher mortgage rates and soaring prices are decreasing consumer demand for housing. The growing number of homes for…
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Fuel Price Hike Triggers Large Protests at Gas Stations in Bangladesh

Fuel Price Hike Triggers Large Protests at Gas Stations in Bangladesh

The government in Bangladesh has just hiked fuel prices by a record 51.2 percent, triggering widespread protests at gas stations across the South Asian country. Protests erupted following the decision, with thousands of people thronging gas stations before the increase went into effect. The price of gasoline increased to 130…
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The Story Behind Federal Government’s July Jobs Report

The Story Behind Federal Government’s July Jobs Report

Democrat President Joe Biden is celebrating the better-than-expected July jobs report, calling it “the result of my economic plan to build the economy from the bottom up and middle out.”   The White House had initially anticipated a lower figure ahead of the report's Friday release. However, the Biden administration…
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Twitter Announces Security Flaw, 5.4 Million Accounts Exposed

Twitter Announces Security Flaw, 5.4 Million Accounts Exposed

Social media giant Twitter has announced a widespread security flaw that has exposed 5.4 million users' accounts. On August 5, Twitter announced that it found a security flaw in its system that enabled a threat actor to learn whether a phone number or an email address was associated with an…
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Fed’s Neel Kashkari Claims Inflation May Still Be Transitory

Fed’s Neel Kashkari Claims Inflation May Still Be Transitory

Minneapolis Federal Bank President Neel Kashkari has claimed that inflation may still be transitory. The next Federal Open Market Committee (FOMC) policy meeting is more than a month away. However, U.S. central bank officials are providing insights into the Federal Reserve’s plans, inflation, and the broader economy.   On Wednesday,…
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