A union representing foreign domestic helpers in Hong Kong has urged authorities to more than double their monthly food allowance to HK$2,770 (US$350), saying the current stipend averaging HK$13.30 per meal is insufficient due to inflation. Representatives from the Federation of Asian Domestic Workers Unions (FADWU) met Labour Department officials on Sunday after staging a…
BUENOS AIRES, Argentina (AP) — Argentina’s inflation slowed for the second straight month in May, economic data released Thursday showed, providing some welcome news for President Javier Milei after almost a year of stubbornly persistent price increases that threatened to undermine the libertarian leader’s signature achievement. Consumer prices rose 2.1% last month compared with April,…
DUBAI, United Arab Emirates (AP) — Year-on-year inflation in Iran reached a level in May unseen since World War II, underlining the economic pain average Iranians face as the Islamic Republic worries about the war with Israel and the United States restarting. A report Monday by Iran’s Central Bank represents the first official acknowledgment of…
Hong Kong’s finance chief has said the Middle East war has played only a limited role in driving up local inflation, noting the city’s service-based economy and stable energy supplies from mainland China have mitigated the effects of external shocks. Briefing the Legislative Council on Monday, Financial Secretary Paul Chan Mo-po said the surge in…
Gold prices ticked up on Thursday, as investors focused on talks between US President Donald Trump and his Chinese counterpart Xi Jinping, looking for signs of a resolution to the Iran war. Gold Rate Today: India is one of the world’s largest importers of gold, and purchases rise significantly during weddings and festive seasons. (Representational)…
President Donald Trump heads to Beijing later this week to meet with Chinese President Xi Jinping at a time when America is fighting a war with Iran and tussling over tariffs with its major trading partners. Trump visits China, a country that maintains a critical economic relationship with the U.S., as China is flexing its…
Britons are awaiting the final results of local elections across the U.K., with polls pointing to a backlash against the ruling Labour party as cost of living pressures have once again dominated political discourse. Early council election results show Reform UK have made significant gains at the expense of Labour and the Conservatives, as the…
TEHRAN, Iran (AP) — Iran’s national rial currency hit a record low Wednesday of 1.8 million to the dollar as a shaky ceasefire with the U.S. and Israel holds. The rial had remained stable in the early weeks of the war that began Feb. 28, in part because there was little trading or imports. The…
I had an economics professor in college who predicted Americans would someday face individualized prices when buying groceries. After all, he reasoned, every person has their own discrete demand curve, so why shouldn’t different people pay more for the same items at the same store? If I’m willing to pay $3 for that can of…
Donald Trump’s economic adviser, Kevin Hassett, has said that the Strait of Hormuz could reopen and that oil supplies could return to normal within the next two months, with hopes of reconciliation between the US and Iran before June. Director of the White House National Economic Council Kevin Hassett walks outside the White House, Thursday,…