A closely watched measure of inflation remained stronger than expected in March, worrying news for Federal Reserve officials who have become increasingly concerned that their progress on lowering price increases might be stalling. The surprisingly stubborn inflation reading raised doubts among economists about when — and even whether — the Fed will be able to…
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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Former Tesco boss and grocery retail veteran Jason Tarry is to succeed Dame Sharon White as the new chair of the John Lewis Partnership. It comes just a…
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Vistara pilots unhappy about pay cuts due to Air India merger. 98% signed agreement. Tata Group merging AIX Connect into Air India Express. LCC merger smooth, facing disruption. Kannan addresses challenges, deploys larger aircraft. Source link
Car sales overall grew in March but fewer individuals are buying electric vehicles. Source link
KARACHI: Pakistan’s real interest rate – the current interest rate minus the inflation reading – has entered positive territory on a spot basis after a gap of 37 months on Monday, increasing the probability that the central bank will make the first cut in its policy rate in the next monetary policy scheduled for late…
Read More “Real interest rate turns positive | The Express Tribune” »
The federal government is preparing to announce new petrol price with an increase of Rs 10 per litre from April 1, fuelling inflation in the county. However, if the authorities gave in to the IMF demands petrol price may increase by up to Rs50 per litre. The prices will rise due to the premium on…
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The eight core sectors contribute 40.27 per cent to the country’s Index of Industrial Production. (File Photo) The growth rate in the output of these sectors slowed to 7.7 per cent in April-January this fiscal against 8.2 per cent in April-February 2022-23 The growth of eight key infrastructure sectors slowed to 6.7 per cent in…
Read More “Key Infrastructure Sectors’ Growth Slows to 6.7% in February – News18” »
NEW DELHI: The Enforcement Directorate (ED) has attached immovable properties worth Rs 124.57 crore belonging to RS Infrastructure Private Ltd, M/s Kenwood Mercantile Private Ltd, M3M India Holding, M/s Goodfaith Builders Private Ltd and other suspects involved in money laundering in connection with the case of M/s Religare Finvest Limited and others, said the ED…
From the top of the government, China is heavily promoting a plan to fix the country’s stagnant economy and offset the harm from a decades-long housing bubble. The program has a fresh slogan, presented foremost by Xi Jinping, the country’s top leader, as “new, quality productive forces.” But it has features that are familiar from…
Read More “China’s Plan to Spur Growth: A New Slogan for Building Factories” »
March 2024 bank holidays: Certain bank branches will be open to cater to government transactions for the fiscal year 2023–2024 on Sunday, March 31. This decision comes from the Government of India, which has asked all bank branches handling government receipts and payments to remain operational on that day. The Reserve Bank of India (RBI)…
