New infrastructure projects slowed by inflation
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Water pipe prices have gone up 19% in Tucson, Arizona. For a small town in Massachusetts, asphalt costs have increased 37%. Des Moines,...
- Jun 17, 2022
- 1 min
Google fined $260,000 for violating Russian data rules by Russian court
Alphabet's Google was fined 15 million rubles ($260,000) by a Moscow court for repeatedly failing to comply with a Russian law that...
- Jun 17, 2022
- 1 min
As gas prices rise, Biden hosts a climate meeting
The president will convene a virtual meeting of some of the world's biggest economies on Friday, after recently focusing on boosting oil...
- Jun 16, 2022
- 1 min
Pressure on the Bank of England to raise interest rates more aggressively
A quarter-percentage-point rate hike expected Thursday would not be enough to combat price increases fueling inflation at its highest...
- Jun 16, 2022
- 1 min
French tax fraud case: McDonald's to pay $1.3 billion to France
McDonald's France and related companies settled a case in which McDonald's was accused of long-term tax evasion by paying the French...
- Jun 9, 2022
- 1 min
Gas prices this summer will be 'rough,' White House official admits
As the average price for a gallon nears $5 per gallon, Jennifer Granholm, Secretary of Energy, warns that gas prices this summer will be...
- Jun 9, 2022
- 1 min
Inflation targets cooled by EU hike; US markets rise
After the European Central Bank announced its first interest rate hike in 11 years, U.S. markets appeared to be headed for gains...
- Jun 8, 2022
- 1 min
US inventories rise despite rising oil prices
A possible strike by Norwegian oil workers and an easing of Chinese COVID-19 related lockdowns led to higher oil prices on Wednesday,...
- May 30, 2022
- 1 min
Europe considers sanctions on Russian energy imports as oil prices surpass $120 per barrel
While traders await Europe's decision on Russian oil import sanctions, oil prices remained elevated during early trading on May 30. In...
- May 27, 2022
- 1 min
Global food crisis, recession could be caused by Russian-Ukrainian war
According to a report by agricultural financial advisory Rabobank, the world should make preparations for a possible global food crisis...
- May 26, 2022
- 1 min
Consumer spending remained flat in Q1 despite a 1.5% decline in the US economy
Consumers and businesses kept spending at a solid pace in the first three months of the year, but the economy shrank, the government...
- May 26, 2022
- 1 min
A tight supply of oil, and a potential EU ban on Russian oil
As the European Union wrestles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter after its...
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