Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the…
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The IndyCar season gets underway in a little more than two weeks with the Firestone Grand Prix of St. Petersburg on FOX. And fans and bettors are already placing their bets on championship futures. Will Alex Palou win it all again, or will a long shot hoist the trophy at the end of the season?…
U.S. President Donald Trump reads about tariffs on steel and aluminum, as Howard Lutnick stands in the background, in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters President Donald Trump set an Oval Office news conference on his plan to impose reciprocal tariffs on other countries…
A plan for Russia to establish its first naval base in Africa will go ahead, Sudan’s foreign minister has confirmed, after years of delays over the Red Sea military port. If the agreement is implemented, Russia would join the US and China in the region. They have bases to the south in Djibouti. The announcement…
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A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing. The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared with the Dow Jones estimate for 0.3%,…
Germany’s second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets. The job cuts will be accompanied by increases in staffing in “selected areas” such as in international locations, resulting in a broadly constant global headcount of…
Train drivers on the Elizabeth line are to strike on four separate days over the coming weeks in a dispute over pay. Members of the union Aslef will take industrial action on Thursday 27 February, Saturday 1 March, Saturday 8 March and Monday 10 March. Virtually all drivers on the line are in the union,…
Cars dominate America. About 92% of U.S. households have access to a car. But only about 55% of Americans have access to public transit. And only about 3.5% take advantage of the options available. The average American drives twice as much as the average German, said Peter Norton, a professor at the University of Virginia. The…
