Beef prices in the United States have reached record highs, with live cattle prices hitting $2.51 per pound, the highest level since records began in the 1960s. This is terrible timing for consumers who are […]
Air fares have surged sharply over the past year, with the cheapest economy tickets now costing 24% more on average, according to new research. Behind this rise lies a combination of global conflict, rising costs, […]
In the latest twist of U.S. trade policy, President Donald Trump has announced plans to quadruple beef imports from Argentina in an effort to drive down soaring domestic prices. The move has angered U.S. cattle […]
Beer lovers in Trinidad and Tobago are feeling the sting of a new government policy — a doubling of the excise duty on alcoholic drinks. The 2025–2026 National Budget has raised the tax from TT$5.14 […]
While most carmakers are racing toward electric vehicles (EVs), Lamborghini is pressing pause. The Italian supercar brand has confirmed it will keep using internal combustion engines (ICEs) in its cars for at least another decade […]
India is gearing up for its biggest shopping season of the year — and the government is giving consumers a reason to celebrate. A wide range of Goods and Services Tax (GST) cuts have just […]
Shanghai has just unveiled a bold new plan to become a global leader in artificial intelligence (AI). The city’s Zhangjiang AI Innovation Town, located in the heart of the Pudong New Area, aims to attract […]
The price of everyday essentials like chocolate, butter and eggs continues to climb, pushing UK food inflation to its highest rate in 18 months. According to the British Retail Consortium (BRC), food prices rose by […]
Sales of foreign mobile phones in China plummeted 47.4% year-on-year in November, totaling just 3.04 million units, according to new data from the China Academy of Information and Communications Technology (CAICT). Apple, the dominant foreign […]
Coffee drinkers, brace yourselves: the price of your daily cup is set to rise as global coffee prices hit record highs. On Tuesday, Arabica beans—the most widely used coffee variety—reached $3.44 per pound, a jump […]
In a move to bolster the United States’ semiconductor capacity, the CHIPS Act has earmarked approximately $52 billion in funding for the sector, aiming to reduce dependence on overseas chip manufacturing. Samsung, plans to use […]
Australian supermarkets are facing a notable shortage of soft drinks, leaving shelves surprisingly empty. The root of the issue? A significant shortage of carbon dioxide (CO2) on the east coast! This shortage stems from local […]
In a notable effort to rejuvenate its tourism sector, Thailand has announced a reduction in alcohol tax rates. This policy, effective from Friday, is part of a broader strategy to appeal to international visitors and […]
Article: Scotland is set to take a bold step in its public health policy by increasing the minimum price of alcoholic beverages by 30%. This significant move, expected to be confirmed by ministers in Edinburgh, […]
In a significant move to address the increasing prevalence of vaping among young people, the UK government has announced plans to ban disposable vapes. This decision comes as figures from Action on Smoking and Health […]
Kentucky’s renowned bourbon industry is under threat of a substantial 50% tariff on exports to the European Union. This looming tariff, a potential outcome if the Biden Administration and EU do not finalize a trade […]
The world is currently facing a significant surge in sugar prices, reaching levels unseen since 2011. This escalation, largely due to reduced global supplies following unfavorable weather in key sugar-exporting countries like India and Thailand, […]
WeWork, the co-working giant that once boasted a valuation of $47 billion, has filed for Chapter 11 bankruptcy. The company, which has been struggling with a net long-term debt of $2.9 billion and over $13 […]
Apple, the tech giant known for its iPhones and MacBooks, is bracing for its fourth consecutive quarterly revenue decline. As the company prepares to report its earnings, Wall Street anticipates a slight dip in sales […]
Rolls-Royce, the renowned engineering giant, has unveiled plans to cut up to 2,500 jobs worldwide in a bid to create a “more efficient and effective” organization. This decision marks the first significant action by Tufan […]
Dr. Martens, the iconic bootmaker, is stepping up its sustainability game by launching a shoe repair service in the UK. This move is aimed at encouraging customers to prolong the life of their boots, thereby […]
Pop sensation Taylor Swift is not only dominating the music charts but is also making a significant impact on the hotel industry. Her latest “Eras” tour has led to a surge in hotel revenues in […]
Apple has hit a snag in China with recent reports suggesting that Chinese government workers have been instructed to stay clear of iPhones. This news has caused Apple’s shares to tumble for two consecutive days, […]
Arm Holdings, the UK-based chip designer, is gearing up for a significant move – they’re aiming for a market value of over $50bn (£40bn) as they prepare to sell shares to the public for the […]
Luckin Coffee, a prominent coffee chain in China, recently brewed up a storm with its new offering: an alcohol-infused latte in collaboration with Kweichow Moutai, China’s national liquor brand. On the first day of its […]
While other toy companies are struggling with sales slumps fueled by inflation, Lego is constructing positive results one brick at a time. The Danish toymaker saw a 1% rise in revenue during the first half […]
Time to uncork a bottle of economic intrigue: the French government and the European Union are shelling out a whopping 200 million euros to… destroy surplus wine. Wait, what? Yep, you read that right. It’s […]
The inflation rate in the United States receded in May to its lowest annual rate in over two years, as per a report from the Labor Department. The consumer price index (CPI), a key measure […]
Oil prices have shot upwards following Saudi Arabia’s announcement to cut oil production by a million barrels per day (bpd) in July. This move is part of a broader strategy by OPEC+, a group of […]
China’s economy is recovering from a slowdown caused by the COVID-19 pandemic, and this is good news for U.S. companies that do business in China. Starbucks, Yum Brands, MGM Resorts, and Tapestry are just a […]
In March, UK inflation persisted at over 10%, mainly due to skyrocketing bread prices. Consumer prices increased by 10.1%, with food prices climbing by 19.2%—the highest increase in 45 years. Bread and cereals experienced a […]
A renewable energy renaissance swept the globe in 2022, with wind and solar power propelling worldwide electricity generation to its greenest level yet. Ember, an independent climate think tank, reveals that 12% of global power […]
The price of rice in Indonesia has been steadily increasing since last year, and experts are wondering if the government’s attempts to regulate the market might actually be making things worse. The Information Center for […]
Tesla has announced price cuts for the second time this year in a renewed bid to outprice competitors and stimulate demand. Certain models have had their price slashed by 5-10%. This follows even higher cuts […]
Funko, the company behind Funko Pop! – those vinyl figurines with big bobbly heads, has recently announced its plans to bin $30 million worth of stock. Profits at the end of 2022 were waning as […]
Sales of wine and beer fell drastically in Canada from 2021-2022, demonstrating that the Canadian government’s crackdown on alcohol consumption seems to be doing the trick. Alcohol is a demerit good and governments around the […]
Tesla has been forced to cut its prices in China as local competition from firms such as BYD and Xpeng intensifies. The price of their cheapest model in the China market has decreased by 5% […]
The UK inflation rate is rising at its fastest rate in 40 years. This is predominantly a result of soaring fuel and energy prices, as well as recent pressure on food costs. Year-on-year inflation for […]
Price goes up, quantity demanded goes down – it is the law of demand and economics 101. Not in the case of Tesla apparently! The electric car manufacturer has recently announced soaring profits of $3.3 […]
Filipino drivers to receive fuel subsidies as oil prices rise […]
Following a high court ruling about Uber’s relationship with their customers, the price of each ride may be about to increase by 20%. The business was previously operated in a way whereby customers entered into […]
In an attempt to lower the price of oil the US is leading an international effort of other major economies to release oil reserves. The price of crude oil reached a 7-year high of $81.93 […]
Saudi Aramco, a state-owned energy company in Saudi Arabia and the world’s most valuable company, has seen year-on-year profits almost quadruple in the second quarter of 2021. The firm, which is also the world’s largest […]
A new drug to treat Alzheimer’s has just been approved in the US but there is one big catch… it is really expensive! Priced at $56,000 for a year of treatment, the producer Biogen are […]
In the last few months, American consumers have been going mad for online shopping, with the result being a buoyant shipping industry across the transpacific. In these coronavirus times, consumer demand for household goods has […]
What happens when you’ve got too many nuts, and not enough people to sell them too? Easy… you lower the price! That’s the price mechanism in a nutshell… This is exactly what is happening in […]
As economies around the world continue to be shattered by the economic consequences of Covid-19, millions of business have found themselves running out of cash. Stemming from huge declines in demand for almost every good […]
One thing we will learn from this pandemic is that when people see a crisis coming, they buy A LOT of toilet paper. The surging demand has been one of the most fascinating and […]
The president of France, Emmanuel Macron, announced this week a fiscal stimulus of €8 billion to help the French car industry. His government are hoping that the cash injection will not only help domestic auto […]
As the world’s economies continue to reel from the damage caused by the spread of Covid-19, Supercar manufacturer McLaren is the latest company to announce a huge wave of layoffs. The British based firm is […]
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