Inflation in British grocery prices fell to 9.7 percent in the four weeks ending 29 October, the first time monthly food price gains have been limited to single digits since July 2022, research service Kantar reported.
Author: admin (Kendrick Williams)
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BRITAIN’S ECONOMY STAGNATES IN THIRD QUARTER
The U.K.’s economy showed no growth in this year’s third quarter from the second, “entering what is expected to be a protracted period of stagnation on the cusp of a recession,” The New York Times reported.
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EV SALES SLUMP IN U.S., EUROPE
Even though electric vehicle (EV) sales in the United States topped 300,000 for the first time in this year’s third quarter, sales of electric vehicles (EVs) have stalled in Europe and the U.S., prompting manufacturers to slow or halt production and dealers to slash prices to move the cars off their lots.
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NATIONS BOOST FOSSIL FUEL PRODUCTION, VIOLATING CLIMATE PLEDGES
In the 2015 climate summit, world leaders promised to cut fossil fuel production and use to a level that would limit global warming to 1.5°C above pre-industrial temperatures.
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: RISING COSTS SQUEEZE CLEAN ENERGY PROJECTS
Higher interest rates and inflated prices for hardware are pinching financing for clean energy projects, The Wall Street Journal reported.
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EUROPE’S INTEREST RATES WILL STAY HIGH, CENTRAL BANKS SAY
Top-line inflation in Europe is easing, but central bankers are warning they do not expect to cut interest rates any time soon.
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TOP TREND 2023, MIDDLE EAST MELTDOWN: MIDEAST WAR SENDS ISRAELI BUSINESSES INTO FINANCIAL CRISIS
The Israel-Hamas war has had catastrophic impacts on Israel’s $488-billion economy, with 350,000 military reservists—about 8 percent of the country’s workforce and a large share of the retail customer base—called into service.
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GERMANY CRACKS DOWN ON THOSE WHO SPEAK OUT AGAINST ISRAEL’S ATROCITIES IN GAZA
Germany is grappling with pro-Palestinian protests and critics say it is banning free speech in the country in its effort to atone for its Holocaust atrocities against Jews during WWII.
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SPEECH IS DEAD IN U.S.: COLUMBIA SUSPENDS PRO-PALESTINIAN GROUPS THAT HAVE CALLED FOR CEASEFIRE
New York’s Columbia University announced last week that it suspended Jewish Voice for Peace and Students for Justice in Palestine for allegedly expressing threatening rhetoric and “intimidation,” New York Jewish Week reported.
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NEW YORK TIMES REPORTER RESIGNS AFTER SPEAKING OUT AGAINST GENOCIDE IN GAZA
The New York Times announced last week that a reporter resigned after violating the paper’s policy when she signed an open letter condemning Israel’s ongoing genocide in Gaza.