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Steel production in Russia falls by 10.4% to 15.6 mln tons in Q1
Iron ore production decreased by 7.6% to 24.6 mln tons
K-P: cashless economy
With the introduction of the Khyber Pakhtunkhwa Digital Payment Bill 2026, K-P has taken a big step towards becoming Pakistan's first cashless model economy. The proposed law is by no means groundbreaking, with its most notable changes being requiring businesses to accept digital payments and ensuring the prominent display of QR codes at all businesses and public-facing institutions across the province. Given the low bar, we are hopeful that implementation will be quick and painless. I...
A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers
The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran.
IEA predicts diesel fuel shortage in Europe this May
If global production of diesel fuel and kerosene does not recover shortly, the situation may become critical, head of the International Energy Agency Fatih Birol noted
Inflation in spotlight as Tesco to disclose latest trading
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US Consumer Sentiment Drops to Record Low on Inflation Concerns
US consumer sentiment fell in recent weeks to a record low, indicating Americans' increasing worries about mounting inflation due to the Iran war.
US firms' visit to GBA signals strong confidence in Chinese market
The US-China Business Council (USCBC) led its largest and highest-level delegation of American companies to visit Guangzhou and Shenzhen in south China
As De Beers Bid Deadline Looms, Botswana Pushes for Control
Botswana is holding to its ambition of buying a controlling stake in De Beers from Anglo American Plc, potentially dampening interest from some private investors looking to acquire the diamond giant.
Here Are the Key Takeaways From the US CPI Report for March
Here are the key takeaways from the US consumer price index report for March, released Friday:
As Compact Cars Lead Morocco, Can EXEED’s VX PHEV Carve Out a Niche?
Casablanca – Morocco’s fast-growing auto market is opening new space for larger electrified SUVs, even as compact and practical models continue to dominate overall sales, a trend that sets the stage for EXEED’s VX PHEV launch in the country. The timing is notable. Morocco’s automobile market grew by a record 33% in 2025, with total sales reaching 235,372 units, up from 176,401 a year earlier, according to figures previously released by the Association of Vehicle Importers in Morocco (AIVAM). The...
US CPI Surges in March, as War Sends Gas Prices Higher
US inflation surged in March by the most in nearly four years as the war with Iran sent gasoline prices skyrocketing. The consumer price index rose 0.9% from February. Michael McKee reports. (Source: Bloomberg)
UAE wins bid to host 2029 World Bank, IMF annual meetings in Abu Dhabi: Sheikh Mohammed
The UAE has been awarded the hosting rights for the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund (IMF), with the landmark gathering set to take place in Abu Dhabi.The announcement was made by Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, who described the decision as a strong global vote of confidence in the UAE’s financial standing, economic capabilities and the efficiency of its institutions."These global meetings, which bring together central bank gov...
Bond Traders Cling to Bets on a Fed Rate Cut This Year After CPI
Bond traders trimmed wagers that the Federal Reserve will lower interest rates once this year after data confirmed that US inflation quickened in March as the Iran war led to higher gasoline prices.
FAA investigating close call between plane and two trucks at LAX
At Los Angeles International Airport, a Frontier plane full of passengers nearly collided with two trucks, according to the pilots, who said they had to slam on the brakes. Tom Hanson explains how the incident unfolded.
Iran War’s Inflation Impact: Consumer Prices Skyrocketed Last Month As Fuel Costs Surged
Wall Street awaited insight into how the Middle East conflict affected the economy.
US inflation jumps to highest level in almost two years
US inflation jumps to highest level in almost two yearsJust nowShareSaveAdd as preferred on GoogleNatalie ShermanBusiness reporterGetty ImagesInflation in the US accelerated last month to its highest rate in nearly two years, as higher oil prices triggered by the US-Israel war in Iran started to spill over into the wider economy.Consumer prices climbed 3.3% over the 12 months to March, picking up from 2.4% in February, the Labor Department said. That marked one of the the biggest monthly changes...
US inflation soars in March as war on Iran drives economy into uncertainty
Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump’s tariffs US inflation soared in March amid the US-Israel war with Iran, with prices up 0.9% compared to last month and 3.3% over the year, according to new data released Friday.The spike in the consumer price index (CPI), which measures the price of a basket of goods and services, is the largest in nearly two years and the first official measure of how the conflict has impacted US consumer prices, parti...
Inflation surged in March as Iran war drove up energy costs
MoneyWatch CPI report shows inflation surged in March as Iran war drove up energy costs .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham April 10, 2026 / 8:32 AM EDT / CBS News Add CBS News on Google...
US inflation rose to 3.3% in March on Middle East energy shock
Surge in prices triggered by the Iran war ricocheted across world’s biggest economy
US Stocks’ Seven-Day Rally Stalls Ahead of CPI, US-Iran Talks
US equity futures stalled after a seven-day rally as investors weighed whether a fragile truce between Washington and Tehran can hold, and oil headed for its biggest weekly loss in nine months.