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The US trade deficit in goods and services increased 1.5% to $71.1 billion in November from October. The increase was due primarily to a 3.2% surge in imports, which outpaced a 0.8% gain in exports.
Rising food costs and conflicting consumer values create a disconnect between intentions and purchases
As Scotland experiences a drop in inflation rates, driven by lower food and fuel prices, the country is also grappling with a high-profile embezzlement scandal within the Scottish National Party. Former SNP chief executive Peter Murrell has been accused of embezzling £459,000 from the party over a 12-year period.
The global food industry is facing a crisis as the cost of a vital ingredient has surged, affecting the production of almost all types of food.
Experts warn of severe consequences as Britain faces food shortages and the world braces for record-breaking heat
Wheat prices have fallen to a near-week low due to favorable weather conditions in US wheat-growing areas, while global financial firms are setting up tech centers in India to tap into the country's growing market. This move is expected to create new opportunities for growth and investment in the region.
The global economy has started the year with a flurry of activity. Emerging markets continue to draw attention and capital, and advanced economies face fiscal and policy challenges. Meanwhile, China's record-breaking metals rally is causing disruptions, and Europe's natural gas prices are soaring.
This week, the business world is abuzz with news of marketing stunts, industry shake-ups, and global economic trends. From Chick-Fil-A's bid to win over customers with free food to the impact of a US raid on Venezuela's oil market, we're taking a closer look at the stories that are making headlines.
Conflict's global economic impact deepens as airlines warn of higher fares and Bank of England predicts inflation surge
Trump's comments on the conflict's end spark market rally, but experts warn of lasting impact
The US producer price index (PPI) climbed 0.5% in December, up from 0.2% in November. The advance was driven primarily by a surge in the costs of services, which experienced a 0.6% monthly increase. Economists had anticipated a more moderate gain of 0.3%.
New studies highlight the far-reaching impacts of conflict, climate change, and social dynamics on food security, work-life balance, and education
From coal plant funding to mangrove forest resilience and Iran war impacts on global food security
Global Roundup: Oil Prices Surge, Environmental Concerns, and Unconventional Jobs A week of global news: From oil price hikes to innovative approaches to waste management Oil prices jump after
Catch up on the latest entertainment news, from Kristen Wiig's revelation about the infamous Bridesmaids food poisoning scene to the premiere of Shrinking Season 3 and updates from the film industry.
Domino's reports strong earnings as Pizza Hut closes stores, while Uber predicts robot-operated rides and Goldman Sachs warns of stuck prices despite tariff refunds.
Trade policies, oil prices, and AI advancements impact business strategies
The US economy grew at a slower pace than expected in the fourth quarter, while Goldman Sachs raised its forecast for high-grade debt sales, and market volatility affects various sectors, from private credit to egg prices.
As leaders in Japan and Somalia face elections and rising regional tensions, the global economy is also feeling the strain, with gold prices quadrupling in one decade. Meanwhile, Israel's reconstruction efforts in Gaza have raised concerns about demographic change and political extortion.
In a week filled with significant developments in the biotech industry, President Trump launched TrumpRx, a platform aimed at lowering drug prices, while Roivant's immune drug showed promising results in treating a rare skin disease. Meanwhile, the industry saw a flurry of comings and goings, IPOs, and advancements in gene therapy.