Europe's inflation falls to a two-year low. It offers confidence, but rising oil prices are imminent.

Inflation, which has been a problem for Europeans, fell sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations, and haircuts - and that the European Central Bank won't have to further restrict the economy by...

In October, Japan will face a fresh round of price increases and tax-related rule changes.

A new wave of price hikes on food and services is scheduled for October, further squeezing the budgets of Japanese households, while freelancers and the self-employed may have to endure higher tax burdens under a new invoice system.

The persistent effects of a weaker yen, which inflates...

Total Energies eliminates Canadian oil sands and increases production in a market with reduced prices

French oil and gas giant Total Energies announced on Thursday that it had accepted a $4.1 billion offer from Suncor Energy to buy its carbon-intensive Canadian oil sands operations. There could also be further payments of up to $450 million.

The corporation initially intended to spin of...

Bigger planes are the airlines' answer to crowded hubs and rising costs.

Faced with crowded airports, rising prices, a lack of pilots, and a rise in the number of people who want to travel, airlines are turning more and more to the same solution: bigger planes that can fit more people.

According to aviation data company Cirium, the 11 biggest U.S. airlines h...

The stock price of Rail Vikas Nigam has increased by 4%. This is why

After receiving a letter of award from the Ministry of Railways to manufacture and operate Vande Bharat train-sets, shares of Railway PSU firm Rail Vikas Nigam (RVNL) rose by 4% on Friday, closing at Rs 69.6. To produce and maintain Vande Bharat train-sets, as well as to upgrade government manufa...

U.S. employment data boosts the dollar and yields, and gold prices fall.

On Thursday, gold prices dipped as the U.S. weekly jobs data suggested a tight labor market, which could keep the Fed on its rate-hiking cycle and support the currency and Treasury yields.

At 3:23 p.m. ET on Thursday, spot gold had fallen to $1,836.39 per ounce after gaining in each of ...

A year of falling home sales ends with prices rising incrementally.

According to data released by the National Association of Realtors on Tuesday, sales of previously owned homes dropped 0.7% in January, capping a year of declines.

Although the rate of decline was smaller than in December (when sales were down 1.5%), overall sales are almost 37% below a...

The wholesale price of eggs has 'collapsed.' Why customers may soon be able to breathe easier

In recent weeks, wholesale egg prices have declined from record highs, signalling that customers may soon get some relief at the grocery store. However, the mechanics of egg pricing from the wholesale to retail market, among other factors, render this improbable in the short term. According to Ur...

Gas producers in the United States scrimped on price hedges and now face a punishment.

Natural gas price declines will affect gas producers' first-quarter profitability and cash flows because hedges - the industry's equivalent of price insurance - were insufficient to offset predicted losses, according to analysts and industry experts. Producers who begin the year with fewe...

Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.

Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...

The yearly increase in home prices in November was the lowest in two years.

The freezing winter weather of declining home prices is being caused by rising mortgage rates discouraging potential purchasers. CoreLogic reports that while November's price increase was still 8.6 percent over the same month in 2021, it was the first year-over-year measurement in the single ...

The United States eliminates oil from Russia's Sakhalin-2 from the price restriction

Oil from Russia's Sakhalin 2 energy project bound for Japan will be exempt from a price cap imposed by the US as part of efforts to squeeze Moscow's revenues for its war in Ukraine, according to Treasury Department guidance released Tuesday.

The crude oil price ceiling, which ot...

Quarterly Profit for Exxon Hits All-Time High, Almost Equals Apple's

On Friday, Exxon Mobil Corp. reported a quarterly profit that nearly matched that of tech giant Apple, shattering analysts' forecasts thanks to rising energy prices.

With rising natural gas and oil prices, the company's net profit for the third quarter of 2018 was $19.66 billion...

Beer prices have gone up due to inflation, therefore brewers are having a hard time preparing for Oktoberfest

The festival commences at noon Saturday when Munich's mayor taps the first keg and proclaims “O'zapft is,” or “It's tapped” in Bavarian dialect.

While the rising cost of a round of beer on the festival's long wooden benches is certainly a factor, ...

There is a $700 billion price tag attached to helping K-12 students get back on track academically

To assist the public school system in the United States in recovering from the coronavirus pandemic, the federal government gave $190 billion in emergency funds. However, recent studies suggest that the expense of overcoming academic obstacles could be more than $700 billion.

Associate ...

People in Paris are angry about rising prices and fuel shortages.

Tens of thousands of people marched in Paris on Sunday to protest the growing cost of living three weeks into a refinery strike that has caused fuel shortages across France.

Jean-Luc Melenchon, leader of the France Unbowed (LFI) party, called for the protest and organized it.

...

With rising energy prices and a depreciating yen, Tokyo is seeing its highest rate of inflation in 30 years

Core consumer prices in Tokyo rose 2.8% from a year earlier in September due to rising energy costs and a weak yen, the fastest annual rate of increase in almost three decades when removing the effects of tax increases.

The Ministry of Internal Affairs and Communications said that the c...

The move by Punjab CM Bhagwant Mann to increase the price of sugarcane will cost the state an additional Rs 200 crore a year.

Punjab's Chief Minister Bhagwant Mann announced on Monday, October 3, that the price of sugarcane would increase to Rs 380 per quintal from the current Rs 360 per quintal in an effort to bring the much-needed assistance to the province's sugarcane farmers.

The Punjab Chief Minis...

Koreans will experience further restaurant price increases after Chuseok.

Even inexpensive meals like gimbap are seeing price increases after the Chuseok holiday, and with inflation showing no signs of slowing down, South Koreans will undoubtedly face greater financial hardship when dining out.

According to data from the Korea Consumer Agency, the average cos...

Numerous swimming pools in France are shut down due to rising energy prices

Approximately 30 swimming pools were shut down on Tuesday after their operator claimed that rising heating costs rendered them unprofitable. French sports and education organizations expressed displeasure at the decision.

The French Swimming Federation (FFN) demanded the pools' &quo...