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Higher blend has been prohibited in warm weather because of concerns it could worsen smogThe US Environmental Protection Agency said on Wednesday that it would temporarily allow widespread sales of a higher-ethanol gas blend in a move that it hopes wil…
OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflationGet our breaking news email, free app or daily news podcastThe world economy is on the brink of a major inflationary spike a…
Surcharge, spurred by oil price spikes due to the Iran war, is set to take effect on 26 April and run until January 2027The US Postal Service (USPS) plans to introduce its first-ever fuel surcharge on packages to offset rising energy costs, according t…
February annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflictThe UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global energy costs, threatening a renewed pri…
News that chickpea dip is to join list of products used for UK inflation basket confirms its move into the mainstreamThe best (and worst) supermarket hummus tasted and ratedIt is a sign of the times. This week it was revealed that hummus is joining the…
Donald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say expertsIn the days after the US and Israel first bombed Iran, financial markets bet the economic fallout from Donald Trump’s “little excu…
Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil pricesBank of England holds interest rates at 3.75%Business live – latest updatesThe US-Israel attack on Iran has already driven prices higher and not j…
Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warnFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSurging i…
Reserve Bank of Australia’s second consecutive increase lifts cash rate target to 4.1%, back to where it was in February last yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reser…
Hummus and pet grooming also join list of goods and services used to help judge the impact of rising prices Business live – latest updatesThe UK’s increasing sobriety will be recognised from next month in the basket of goods used to calculate inflation…