Eurozone’s Core Inflation Soars to Record High
The Eurozone’s core inflation soared to a record high in January, as the bloc’s energy crisis rages on.
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FOMC Members Warned of ‘Uncertainties’ in Inflation Outlooks, Raised Recession Odds, Minutes Reveal
Minutes from the latest Federal Open Market Committee (FOMC) policy meeting revealed that the policy-making arm of the central bank believes the odds of a recession occurring in 2023 are higher.
Intelligence Agency: Spies Are Posing as Diplomats to Win over Journalists
Australia’s domestic spy chief Mike Burgess has warned that foreign spies are posing as diplomats or reporters to engage and influence journalists.
Reckitt Recalls 145,000 Cans of Vegan Baby Formula over Deadly Bacteria Concerns
Reckitt is voluntarily recalling 145,000 cans of its vegan baby formula “out of an abundance of caution” over concerns it could be contaminated with deadly bacteria.
CEO of Norfolk Southern Visits Toxic Train Crash Site in Ohio
The CEO of Norfolk Southern rail company has finally visited the small Ohio town where a train derailed earlier this month, creating a toxic environmental disaster.
Moderna Reverses Course, Says People Will Not Have to Pay for Covid Shots
Moderna has reversed course and announced that people will not have to pay for its Covid shots after the federal government stops buying the pharmaceutical company’s vaccines.
Used Car Prices Soar with Largest Spike in 14 Years
Used car prices have soared, recording the largest February increase in 14 years, according to reports.
Poultry Supplies under Threat as Bird Flu Continues to Spread Worldwide
Poultry supplies are coming under increasing threat as bird flu continues to spread worldwide, experts are warning.
CBO: America May Default by Summer If Debt Ceiling Deal Not Reached
The Congressional Budget Office (CBO) has warned that America could default on its debt sometime over the summer.
Lael Brainard Named Biden’s Top White House Economist amid Economic Team Shakeup
Federal Reserve Vice Chair Lael Brainard will step down from her position and serve as President Joe Biden’s top economist, the White House said on Tuesday.