UK consumer price inflation accelerated at the fastest pace since 1992 in February, largely driven by fuel prices, the Office for National Statistics said on Wednesday. Consumer price inflation rose to 6.2 percent in February from 5.5 percent in January. The rate was forecast to rise moderately to 5.9 percent. […]

MacKenzie Scott has donated $US436 million to Habitat for Humanity, the largest publicly disclosed donation from the billionaire philanthropist since she pledged in 2019 to give away the majority of her wealth. The gift was disclosed Tuesday in a statement from the Greater San Francisco chapter of the home-building nonprofit, […]

Russia’s economy is poised to suffer its biggest hit since the collapse at the end of the Cold War, sending prices soaring by 30 per cent and real incomes -plummeting by more than a quarter, new research concludes. It indicates the devastation caused by the war in Ukraine, sanctions and […]

There are few bigger questions hanging over our economy than whether the wave of inflation hitting shoppers is temporary or long-lasting. Judging from the surge in petrol prices and recent business warnings we’ll be paying much more for everything from Tim Tams to baked beans, you might assume the inflation […]

Measures of national wealth use several yardsticks. The wealthiest by GDP is the U.S. at $19.5 trillion. The GDP per capita of Liechtenstein is the highest in the world at $180,227. But its population is only about 50,000 people. Forbes reports that the U.S. has the most billionaires among all […]

The war in Ukraine and the associated sanctions that countries around the world have imposed on Russia will probably cause a downgrade of the International Monetary Fund’s global economic growth forecast, Kristalina Georgieva, the IMF’s managing director, said on Thursday. The Ukraine crisis represents another shock to a world economy […]

Education may not be the sole center of the lives of Americans. It does, however, mean a lot. People with less than a high school education tend to have low-paying jobs, which means they have low median incomes based on how the government measures them, and they are more likely […]

The world’s largest countries by population have been in the news a great deal recently. Russia, the ninth largest country in the world, with a population of about 145 million, attacked Ukraine, the 35th largest with 43 million residents. China, the world’s largest with a population of 1.4 billion, has […]

The Labor Department released a report on Thursday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 26th. The report showed initial jobless claims dipped to 215,000, a decrease of 18,000 from the previous week’s revised level of 233,000. Economists had expected jobless […]

Even though the attack by Russia on Ukraine is half a world away, its financial effects will be felt in hip pockets here, with higher petrol prices, supermarket prices and mortgage repayments. Australia’s annual headline inflation rate is running at about 3.5 per cent, but it is forecast to move […]