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US Fed keeps interest rates at 22-year high in attempt to curb inflation
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[ad_1] Security personnel walk past the US Federal Reserve building in Washington, DC on Oct 22, 2021.— AFP In an effort to curb persistent inflation without weakening the robust economy, the US Federal Reserve decided on Wednesday to keep interest rates at a 22-year high for the second consecutive meeting. The Fed’s decision to keep…
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US new home sales hit 19-month high in September
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[ad_1] A ‘For Sale’ sign is seen in front of a home on August 21, 2015 in Miami, Florida. — AFP New house sales in the US jumped to a 19-month high in September as the annual median house price dropped by the most since 2009, as per the government data released this week. Sales…
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PANDEMIC FALLOUT: US mothers’ participation in workforce slumps amid high childcare cost
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[ad_1] A US mother working from home with her toddler sitting on her lap. — X@filadendron In the US, mothers of young children are finding it difficult to go out to work because daycare facilities have become hard to find and the ones available are prohibitively expensive, which is forcing an increasing number of them…
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Stocks in global markets nosedive as Treasury yield hits 16-year high
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[ad_1] A currency dealer wearing a face mask monitors exchange rates in a trading room at KEB Hana Bank in Seoul. — AFP/File NEW YORK: Global stocks tumbled Tuesday after a closely watched US bond benchmark hit a 16-year high, exacerbating worries about elevated interest rates as the dollar briefly topped 150 yen. All three…
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Pakistan inflation spikes to 31.4% amid high fuel, enery prices
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[ad_1] A person counts Rs100 notes in this undated image. — AFP/File Inflation rose to 31.4% year-on-year in September from 27.4% in August, data from the Pakistan Bureau of Statistics (PBS) showed Monday, as the nation faces high fuel and power rates. The South Asian nation faces an uphill task when it comes to economic…
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COVID aftereffects: British workers’ sick leaves hit 10-year high in 2023, shows survey
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[ad_1] Morning commuters on London Bridge going to their workplaces. — X@bloomberg British workers have taken the most sick days in more than ten years during the past year, adding to evidence of a long-lasting rise in different illnesses since the COVID-19 pandemic broke out in 2019, as per a human resource study released on…
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Interim govt increases petrol, diesel prices to record high
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[ad_1] Petrol prices surged to Rs331.38 per litre. — AFP/File In view of the increasing trend of petroleum prices in the international market, the caretaker government on Friday hiked the petrol prices by more than Rs26 and diesel by over Rs17 per litre for the next fortnight. The Finance Division said that the price of…
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High costs and rising rates make homeownership a challenge for young Americans
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[ad_1] Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Homeownership feels increasingly out of reach for younger generations of Americans, who are squeezed by student debt and childcare costs in an era of slower economic growth. AFP/File Young Americans are finding…
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Oil up at 9-month high | The Express Tribune
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[ad_1] NEW YORK: Oil prices rose about 1% to a nine-month high on Friday on rising US diesel futures and worries about tight oil supplies after Saudi Arabia and Russia extended voluntary cuts this week. Brent futures rose 76 cents, or 0.9%, to $90.68 a barrel by 1608 GMT. US West Texas Intermediate (WTI) crude…
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Sweetener turns sour amid high prices | The Express Tribune
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[ad_1] RAWALPINDI/ PESHAWAR: As the prices of electricity and petrol escalate, consumers are now faced with another blow as the price of sugar experiences an unabated rise, feeding the black market amid reports of smuggling and hoarding. The continuous surge in the price of sugar has led to an increase in the prices of…
