Tag #Inflation

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cnnespanol.cnn.com

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Dec 22, 04:08

Low-Income Americans Face Continued Economic Hardship Amidst Inflation and Tariff Threats

Chiugo Akujuobi, a 26-year-old college graduate, is living below the poverty line after fleeing her home due to transphobia, highlighting the ongoing economic struggles faced by many low-income Americans amid easing inflation, but with potential future tariff increases threatening further hardship.

Low-Income Americans Face Continued Economic Hardship Amidst Inflation and Tariff Threats

Chiugo Akujuobi, a 26-year-old college graduate, is living below the poverty line after fleeing her home due to transphobia, highlighting the ongoing economic struggles faced by many low-income Americans amid easing inflation, but with potential future tariff increases threatening further hardship.

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What is the immediate impact of persistent economic hardship on low-income Americans, illustrated by Akujuobi's experience?

Chiugo Akujuobi, 26, is struggling financially after fleeing her family home due to transphobic remarks. She is currently homeless and relying on food banks and friends for support, earning under $10,000 this year, below the poverty line. This exemplifies the economic struggles faced by many low-income Americans.

t24.com.tr

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Dec 22, 16:07

MÜSİAD Predicts Turkish Central Bank Interest Rate Cut in December

MÜSİAD President Mahmut Asmalı anticipates a Turkish Central Bank interest rate cut in December, due to the current policy's failure to curb demand from higher-income groups while suppressing lower-income groups' spending, thus worsening income inequality and fueling inflation.

MÜSİAD Predicts Turkish Central Bank Interest Rate Cut in December

MÜSİAD President Mahmut Asmalı anticipates a Turkish Central Bank interest rate cut in December, due to the current policy's failure to curb demand from higher-income groups while suppressing lower-income groups' spending, thus worsening income inequality and fueling inflation.

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What is the primary reason behind MÜSİAD's expectation of a Turkish Central Bank interest rate cut in December?

MÜSİAD President Mahmut Asmalı expects a Turkish Central Bank interest rate cut in December, citing a slowdown in economic growth and the policy's ineffectiveness in curbing demand from higher-income groups. He notes that this policy has worsened income inequality and fueled inflation.

us.cnn.com

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Dec 22, 22:07

2024 Bankruptcy Wave: Inflation, Shifting Trends Trigger Over 14,000 Job Losses

In 2024, decreased consumer spending due to inflation and evolving trends led to at least 19 company bankruptcies, resulting in over 14,000 job cuts and more than 7,100 store closures, impacting various sectors including retail, restaurants, and home goods.

2024 Bankruptcy Wave: Inflation, Shifting Trends Trigger Over 14,000 Job Losses

In 2024, decreased consumer spending due to inflation and evolving trends led to at least 19 company bankruptcies, resulting in over 14,000 job cuts and more than 7,100 store closures, impacting various sectors including retail, restaurants, and home goods.

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How did the retail sector's boom in 2021 and 2022 contribute to the current wave of bankruptcies?

The bankruptcies reflect a broader economic shift, with the retail sector particularly hard hit after a period of high consumer spending in 2021 and 2022. Factors such as inflation, changing consumer preferences, and cyberattacks contributed to the financial distress experienced by these companies. The impact extends beyond job losses, affecting store closures and the broader economic landscape.

arabic.cnn.com

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Dec 21, 01:08

Trump Threatens EU Tariffs Over Energy Imports

President-elect Donald Trump threatened to impose tariffs on the European Union unless they increase purchases of American oil and gas to narrow the trade gap; this adds to existing economic uncertainty.

Trump Threatens EU Tariffs Over Energy Imports

President-elect Donald Trump threatened to impose tariffs on the European Union unless they increase purchases of American oil and gas to narrow the trade gap; this adds to existing economic uncertainty.

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What is the immediate impact of Trump's tariff threat on the global economy and energy markets?

President-elect Donald Trump threatened to impose tariffs on European Union countries unless they increase their purchases of American oil and gas to reduce the trade deficit with the U.S. He stated this on his platform Truth Social, adding that failure to comply would result in the full implementation of tariffs. This is not the first time Trump has used tariffs as a negotiating tactic with foreign nations.

nos.nl

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Dec 21, 01:08

Russia Holds Interest Rates Amid High Inflation

The Russian Central Bank unexpectedly maintained its key interest rate at 21 percent, following President Putin's recommendation, despite high inflation (11 percent) and expectations of a rate increase to 23 percent; the decision aims to evaluate the economy's response to previous rate hikes before ...

Russia Holds Interest Rates Amid High Inflation

The Russian Central Bank unexpectedly maintained its key interest rate at 21 percent, following President Putin's recommendation, despite high inflation (11 percent) and expectations of a rate increase to 23 percent; the decision aims to evaluate the economy's response to previous rate hikes before ...

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How do the sanctions and poor harvests contribute to the current inflationary pressures in Russia?

The Bank's decision reflects a trade-off between curbing inflation (currently at 11 percent) and supporting economic growth. High interest rates, while intended to reduce spending and inflation, have led to extremely expensive mortgages (some at 36 percent) and difficulties for businesses. Putin suggested alternative methods to control inflation, citing sanctions and poor harvests as contributing factors.

mk.ru

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Dec 21, 13:09

Russia Holds Key Interest Rate at 21%, Defying Inflation and Expert Predictions

The Central Bank of Russia unexpectedly kept its key interest rate at 21% on December 20th, defying inflation exceeding 8.8-9% and expert predictions of a rate hike to 23-25%, sparking debate about political pressure and economic consequences.

Russia Holds Key Interest Rate at 21%, Defying Inflation and Expert Predictions

The Central Bank of Russia unexpectedly kept its key interest rate at 21% on December 20th, defying inflation exceeding 8.8-9% and expert predictions of a rate hike to 23-25%, sparking debate about political pressure and economic consequences.

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How might the Central Bank's decision to pause rate hikes impact various sectors of the Russian economy, including consumer spending, construction, and savings?

The bank's decision is attributed to various factors. Experts like Igor Nikolaev cite political pressure, while Alexey Krichevsky suggests a calculated pause to observe the market's reaction in January-February, fearing that another rate hike would stifle credit. Alexander Razuvaev highlights a social aspect, aiming to avoid further burdening borrowers.

elpais.com

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Dec 22, 10:06

Spain's Resilient Economy Faces Mounting Debt and Global Uncertainties

Despite global headwinds, Spain's economy has shown unexpected resilience, with GDP growth exceeding expectations since 2022, driven by strong consumption, exports (up 21.3%), and a healthy private sector; however, high public debt and global uncertainties pose significant long-term risks.

Spain's Resilient Economy Faces Mounting Debt and Global Uncertainties

Despite global headwinds, Spain's economy has shown unexpected resilience, with GDP growth exceeding expectations since 2022, driven by strong consumption, exports (up 21.3%), and a healthy private sector; however, high public debt and global uncertainties pose significant long-term risks.

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How does Spain's economic performance compare to other European economies, and what are the underlying causes of this divergence?

Spain's economic strength is linked to factors such as competitive energy and production costs, robust private sector health, and positive immigration trends. However, this positive picture is contrasted by a growing public debt and external vulnerabilities linked to global economic uncertainty and rising interest rates.

cnn.com

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Dec 22, 19:09

2024 Bankruptcy Wave: Inflation and Shifting Trends Hit Retail Hard

In 2024, decreased consumer spending due to inflation and evolving trends caused at least 19 companies, including Big Lots, Party City, and Red Lobster, to file for bankruptcy, resulting in over 14,000 job losses and more than 7,100 store closures by November.

2024 Bankruptcy Wave: Inflation and Shifting Trends Hit Retail Hard

In 2024, decreased consumer spending due to inflation and evolving trends caused at least 19 companies, including Big Lots, Party City, and Red Lobster, to file for bankruptcy, resulting in over 14,000 job losses and more than 7,100 store closures by November.

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How did specific factors, such as inflation and changing consumer trends, contribute to the failures of particular companies?

The bankruptcies are part of a broader trend of economic hardship for numerous companies, particularly in retail. Factors contributing to this include reduced consumer discretionary spending due to inflation, the end of the retail boom from 2021-2022, and increased competition. Some companies, such as Red Lobster, struggled due to underinvestment in areas such as marketing and restaurant upgrades.

aljazeera.com

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Dec 21, 01:08

Starbucks Baristas Strike Over Wages and Working Conditions

Starbucks baristas in Los Angeles, Chicago, and Seattle began a five-day strike on Friday, citing unfair labor practices, insufficient wages ($21/hour), and inadequate staffing; the union representing them, Starbucks Workers United, says the action could escalate to hundreds of stores by Christmas E...

Starbucks Baristas Strike Over Wages and Working Conditions

Starbucks baristas in Los Angeles, Chicago, and Seattle began a five-day strike on Friday, citing unfair labor practices, insufficient wages ($21/hour), and inadequate staffing; the union representing them, Starbucks Workers United, says the action could escalate to hundreds of stores by Christmas E...

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How did negotiations between Starbucks and the union break down, and what are the specific demands from both sides?

This strike reflects a broader trend of increased labor actions across US service industries, mirroring recent successes in manufacturing. The Starbucks Workers United union, representing employees at 525 stores, aims to pressure Starbucks into addressing concerns around wages, which baristas describe as inadequate given inflation and high living costs. The union's demands for substantial wage increases highlight the growing tension between labor and corporations in the current economic climate.

nos.nl

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Dec 21, 01:08

Russia Holds Interest Rate Amid High Inflation

The Russian Central Bank surprisingly held its key interest rate at 21 percent, defying expectations of a further increase to combat 11 percent inflation, following President Putin's call for a balanced approach, despite concerns about the negative impact of high interest rates on businesses and con...

Russia Holds Interest Rate Amid High Inflation

The Russian Central Bank surprisingly held its key interest rate at 21 percent, defying expectations of a further increase to combat 11 percent inflation, following President Putin's call for a balanced approach, despite concerns about the negative impact of high interest rates on businesses and con...

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What is the immediate impact of the Russian Central Bank's decision to maintain its key interest rate?

The Russian Central Bank unexpectedly decided to hold its key interest rate at 21 percent, defying expectations of a rise to 23 percent. This follows President Putin's call for a balanced approach, acknowledging the high inflation rate of around 11 percent but also considering the economic impact of previous rate hikes. The bank cited a need to assess the economy's adaptation to the existing conditions before further adjustments.

zeit.de

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Dec 21, 07:07

Food Banks in Germany Face Crisis Amidst Rising Food Insecurity

Due to increased food and rent prices and high inflation, 40 percent of German food banks have temporarily stopped accepting new clients or introduced waiting lists, impacting 1.6 million people who rely on food donations; the German government is urged to address systemic poverty.

Food Banks in Germany Face Crisis Amidst Rising Food Insecurity

Due to increased food and rent prices and high inflation, 40 percent of German food banks have temporarily stopped accepting new clients or introduced waiting lists, impacting 1.6 million people who rely on food donations; the German government is urged to address systemic poverty.

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What is the extent of the food insecurity crisis in Germany, and what immediate actions are being taken by food banks to address the overwhelming demand?

40 percent of German food banks have temporarily stopped accepting new clients or introduced waiting lists, reflecting a severe crisis in food insecurity. This impacts approximately 1.6 million people who rely on the 975 food banks nationwide for food donations.", A2="The crisis is driven by increased food and rent prices, and high inflation, placing additional strain on low-income individuals. Food banks are implementing measures like reducing distribution days or quantities to manage the high demand. ", A3="The ongoing crisis necessitates government intervention, including measures like ensuring living wages, sufficient pensions, affordable housing, and a fully funded child benefit. The food banks, while vital, are a supplementary support system and cannot fully solve the systemic issue of poverty.", Q1="What is the extent of the food insecurity crisis in Germany, and what immediate actions are being taken by food banks to address the overwhelming demand?", Q2="What are the primary economic factors contributing to the increased demand for food bank assistance in Germany, and how are these factors impacting the operations of food banks?", Q3="What long-term systemic changes are necessary to mitigate food insecurity in Germany, and what is the role of government intervention in achieving sustainable solutions?", ShortDescription="Due to increased food and rent prices and high inflation, 40 percent of German food banks have temporarily stopped accepting new clients or introduced waiting lists, impacting 1.6 million people who rely on food donations; the German government is urged to address systemic poverty.", ShortTitle="Food Banks in Germany Face Crisis Amidst Rising Food Insecurity"))

t24.com.tr

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Dec 21, 19:08

Turkey's Delinquent Consumer Debt Surges 135.1%

Delinquent consumer loans and credit cards debt in Turkey increased by 135.1% year-over-year to 105.48 billion Turkish lira by December 13, 2023, driven by high inflation impacting fixed-income households, according to economist Şenol Babuşcu who predicts further increases by 2025.

Turkey's Delinquent Consumer Debt Surges 135.1%

Delinquent consumer loans and credit cards debt in Turkey increased by 135.1% year-over-year to 105.48 billion Turkish lira by December 13, 2023, driven by high inflation impacting fixed-income households, according to economist Şenol Babuşcu who predicts further increases by 2025.

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How does high inflation contribute to the rising consumer debt in Turkey?

The surge in delinquent debt is directly linked to high inflation eroding the purchasing power of fixed-income earners, forcing them to rely on credit cards and consumer loans for essential expenses. This trend reflects a broader economic struggle impacting Turkish citizens.

Showing 2,353 to 2,364 of 2,780 results