Inflation

As more people go cashless, here’s how much money to keep in your wallet

Cold, hard cash could be going by the wayside for many Americans when it comes to routine transactions like paying for groceries or gas. Even so, it’s still important to keep some cash in your wallet, experts say. The cashless economy trend is not necessarily new, but it is gaining momentum, according to new research …

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Millions of Brits set to pay more in stealthy taxes despite cuts, study finds

British Prime Minster Liz Truss’ government has committed to freezing the threshold on the tax-free personal allowance until 2025-26, essentially pushing more workers into a higher tax bracket over time. Jacob King | Pa Images | Getty Images LONDON – Millions of UK workers are set to pay more in “stealthy” taxes over the coming …

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Tesco freezes prices on more than 1,000 products and hands workers 20p-an-hour pay rise

Tesco freezes prices on more than 1,000 products amid cost of living crisis and hands workers 20p-an-hour pay rise – but warns annual sales will be down as it posts 10 per cent fall in profits for first half of the year Tesco announced it will be giving staff an extra pay rise to cope …

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Significant improvement in financial, workplace wellness post pandemic: Report

The annual India Wellness Index, as per a nationwide study, stood at 72 out of 100. Despite global recession fears, India continues to recover, and the importance of financial wellness is shooting significantly. The country is continuing on the recovery track on the wellness front; the Index recovered by 2 points. All the six pillars …

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A third of Americans say their credit card and utility bills are piling up

Utility bills are piling up for millions of Americans, more than half say life is getting tougher and many economists agree that inflation – already running at near 40-year highs – has yet to peak, grim surveys show ahead of the midterm elections. Americans have for months been focussed on the runaway inflation that sent …

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Soaring inflation and a collapsing currency: Why is Turkey’s economy in such a mess?

Turkey’s economy is in tatters. Runaway inflation and a collapsing lira are pushing millions of Turks to the brink of financial ruin and slamming factories, farmers and retailers across the country. More than two-thirds of people in Turkey are struggling to pay for food and cover their rent, according to a survey by Yöneylem Social …

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‘Big Short’ Burry Warns That a Repeat of the 2008 Crisis Is in Sight

Tension has become the new watchword in the markets. For several days, investors appear to be exhausted. They seem ready to panic at the slightest bad news. Everything gives the impression that all it takes is a spark to ignite everything. The reason for this fragility and vulnerability is the fear that the US economy …

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