Grocery price inflation in the UK has slowed to its lowest level since October 2021 and is gradually returning to "more normal levels," according to industry data.
Government
Joe Biden New Rule Granting Overtime Pay to 4 Million Workers Challenged by US Business Groups
A coalition of US business groups has initiated a legal action to block a Biden administration rule that will extend mandatory overtime pay to four million workers.
TSA Issues Apology for Unannounced Cuban Delegation Visit to Miami Airport
The Transportation Security Administration (TSA) apologized to the officials of Miami after its agents gave a tour to a delegation from Cuba, currently a regional adversary of the United States.
Delivery of Boeing's KC-46 Tanker to US Air Force Delayed Due to Refueling Boom Issues
The US Air Force revealed that Boeing has paused its delivery of KC-46A airborne tankers due to what the company said was an issue about a broken part of the aircraft’s refueling boom.
South Korea, Japan, China Confirmed to Meet Next Week for First Time Since 2019
South Korea, Japan, and China are set to undergo a trilateral summit in Seoul on May 27, the first time the three nations held such talks in five years.
Latest News
Donald Trump Raises More Money Than Joe Biden for First Time After Ramping up Big-Dollar Fundraisers
Former President Donald Trump raised more money in April than President Joe Biden for the first time in this election period.
The 10-year Japanese Government Bond (JGB) rose to its highest level in 11 years since a similar rating was recorded back in 2013.
Former President Donald Trump has once again criticized President Joe Biden's handling of inflation, pointing to the shrinking size of Snickers bars as an example of his rival's economic mismanagement and not "shrinkflation."
The UK is intensifying its efforts to assess and address AI risks by opening a new office in San Francisco.
The Federal Reserve and two other US regulators are reportedly considering a new plan to reduce a nearly 20% mandated increase in capital for the country's largest banks.
Gas prices are expected to rise by about $0.10 per gallon this summer due to decreased refinery capacity and higher refining costs, with the average price projected to be around $3.70 per gallon.
Canada is reportedly exploring raising tariffs on Chinese-produced electric vehicles (EVs) following the US decision to impose higher levies on these imports.
Chinese companies are optimistic about global trade, posing challenges to complete separation, especially as European firms, notably Germany, Spain, and France, express confidence in expanding their presence in China.
The IMF is urging the US to maintain its open trade system instead of imposing new punitive duties on goods from China.
