3 h. ago US inflation rises in August as companies push Trump tariffs cost onto consumers

New CPI update shows prices increased 2.9% over the last year, but Wall Street optimistic Fed will cut interest ratesInflation rose slightly in August as companies continued to push the cost of tariffs onto consumers.The newest update to the consumer price index (CPI), which measures a basket of goods and services, showed that prices increased 2.9% over the last year – the highest since January. Core CPI, which excludes energy and food costs, stayed stable at 3.1% after going up in July. Continue reading...

Economics

5 h. ago London stocks rise as investors assess corporate earnings, await US inflation data By Reuters

London stocks rise as investors assess corporate earnings, await US inflation data By Reuters  Investing.com

Economics

5 h. ago London stocks rise as investors assess corporate earnings, await US inflation data

London stocks rise as investors assess corporate earnings, await US inflation data  Reuters

Economics

9 h. ago Trump tariffs ‘clearly hitting‘ as US inflation rises to 2.9%; ECB leaves interest rates on hold – business live

Trump tariffs ‘clearly hitting‘ as US inflation rises to 2.9%; ECB leaves interest rates on hold – business live  The Guardian

Economics

9 h. ago US economic picture weakens as jobless claims and inflation both rise – business live

US economic picture weakens as jobless claims and inflation both rise – business live  The Guardian

Economics

22 h. ago Trump’s push to rename the Pentagon the Department of War hits a snag as Congressional committee rejects change

The House Rules Committee rejects an amendment to rename the Pentagon as part of the larger defense authorization bill

Events

49 h. ago Classic American farm brand John Deere is seeing prices rise and profits drop – and Trump’s tariffs are making things worse

Tractor company has said it expects tariffs to cost the company $600 million by the end of the year

Economics

3 d. ago Volkswagen ‘nearing US trade deal’ as it says Trump tariffs have cost it billions

Carmaker’s CEO says Porsche is being squeezed by ‘sandwich’ of tariffs and weak Chinese marketBusiness live – latest updatesVolkswagen is closing in on a tariff deal with the US, the boss of the German carmaker has said, as it eyes up the market for affordable electric cars in Europe.Europe’s biggest car manufacturer, which also owns the Audi, Seat and Porsche brands, has been hit hard by Donald Trump’s trade tariffs, announced in April. The levies, combined with a turbulent market, have already cost “several billions”, the chief executive, Oliver Blume, said. Continue reading...

Economics

4 d. ago Postal traffic into US plunges by more than 80% after Trump ends exemption

Dozens of operators have suspended service to the US until a solution is implemented on parcels worth $800 or lessPostal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports, the United Nations postal agency said Saturday.The Universal Postal Union says it has started rolling out new measures that can help postal operators around the world calculate and collect duties, or taxes, after the US eliminated the so-called “de minimis exemption” for lower-value parcels. Continue reading...

Politics

4 d. ago Postal traffic to US sank 80% after Trump administration ended exemption on low

The U.N. postal agency says postal traffic into the United States plunged by more than 80% after a Trump administration move to end a tariff exemption for low-cost imports

Politics

5 d. ago Trump's push to change Department of Defense to 'War Department' would turn back the clock to WWII

President Donald Trump’s push to rename the Department of Defense goes beyond subjective word choices about what to call the military agency

Events

5 d. ago Carney launches ‘Buy Canada’ push in response to Trump tariffs

Prime minister seeks to diversify the economy as US measures hit lumber and manufacturing sectors

Politics

5 d. ago Georgia sends troops to DC in sign that Trump's policing push will continue

Georgia is becoming the eighth state to send National Guard troops to Washington, D

Politics

6 d. ago Chaotic showdown over Guatemalan children exposes fault lines in Trump’s deportation push

A reconstruction of the aborted deportation of dozens of Guatemalan children on Labor Day weekend illuminates the latest clash between the administration’s desire for mass deportations and longstanding legal protections for migrants

Politics

9 d. ago ‘Trump’s private army’: inside the push to recruit 10,000 immigration officers

As Ice expands and standards are lowered, advocates and former US officials warn that misconduct may increaseThe last time the US dramatically expanded its force of immigration officers, major problems arose.Some border agents recruited in the 2000s turned out to be cartel members. One kidnapped and raped three women in his custody. Two others were convicted of off-duty murders. Continue reading...

Politics

1 week ago Taxi fares set to rise across West Lothian in time for Christmas

The largest proposed rise of 9.5%, could see the cost of a Tariff 3 journey of 10 miles rise by more than £4 over the Christmas and New Year holidays.

Economics

1 week ago Trump says he plans unconstitutional executive order to mandate ID for voters

President also wants to ban most voting by mail in push stemming from baseless claims related to 2020 election lossDonald Trump has said he will issue an executive order to mandate identification for all US elections, a move likely to be challenged in court as unconstitutional.“Voter I.D. Must Be Part of Every Single Vote. NO EXCEPTIONS! I Will Be Doing An Executive Order To That End!!!,” the US president said on Truth Social late on Saturday. Continue reading...

Politics

1 week ago Parents in England to pay more for school lunches as caterers blame rising costs

As a new academic year begins providers say national insurance rises and food price inflation has forced up pricesParents across England are facing higher prices for school lunches as the new school year begins, with caterers blaming the government’s national insurance increase alongside rising food and energy costs.Lunch providers say increases in staffing costs, including employer national insurance contributions announced by the chancellor last year, have added “significant extra pressure” to their budgets. Continue reading...

Economics

1 week ago Typical household energy bill to rise by about £35 a year from October, Ofgem confirms

Ofgem, which sets the limit on what energy companies can charge customers, confirmed its latest price cap on August 27

Economics

1 week ago Trump loses another court fight as his push to remove legal status for 600,000 migrants is put on hold

Homeland Security has ‘plunged into uncertainty’ the lives of tens of thousands of Venezuelans, California appeals court says

Events