Australian mortgage holders could face three more interest rate hikes by 2026, a rate not seen since the global financial crisis, as a leading property expert has predicted house prices will fall or fall in major cities. Rising oil prices have hit the economy amid renewed conflict in the Middle East, with increased costs and … Read more
Australians hoping for relief from fuel price cuts in time for Easter travel are set to be disappointed, with the industry predicting the effects of Labour’s temporary tax cuts will take days or weeks to reach some people around the country. The halving of fuel duty, which starts on Wednesday until the end of June, … Read more
Australian petrol prices tend to follow predictable cycles, but they have all gone out the window in recent weeks. In the early days of the Middle East conflict, petrol stations across Brisbane, Sydney and Melbourne raised prices faster than the rise in global oil prices, in what several leading experts said was an attempt to … Read more
Powell said high energy prices have not created a tough choice for the Fed With inflation running above target, the Fed is watching inflation expectations Powell sees less risk in the labor market Financial markets have written off bets on a Fed rate hike this year CAMBRIDGE, Massachusetts, March 30 (Reuters) – Federal Reserve Chairman … Read more
Food prices are expected to rise later this year dpa picture alliance/Alamy World food prices have reached their highest levels since the energy crisis of the 1970s, caused by conflicts in the Middle East, once inflation has been adjusted. Could we be headed for a new record – the worst food crisis ever – as … Read more
However, other European countries with similar public debt burdens to Britain, such as France and Spain, have recently reduced their fuel tariffs or subsidized users. And they are not alone: Norway, Ireland and Poland have joined the European trend. Meanwhile, looming oil supply shortages are forcing many Asian countries to rely on imports. Affordability is … Read more
Buy-to-let prices have risen to their highest level in more than a year as turmoil in the Middle East causes a sharp rise in the cost of borrowing for UK landlords. The average two-year rate for homeownership rose from 4.66 per cent at the start of March to 5.29 per cent on 26 March, according … Read more
Competitor Dangote has been forced to import raw materials, exposing Nigeria to global price shocks Nigeria’s petrol pump prices rise by 65%, the highest in Africa The collaborative approach has led to a reduction in household raw food supply Nigeria does not have a formal fuel storage policy LAGOS, March 30 (Reuters) – Fuel prices … Read more
Families most affected by the impending energy crisis caused by the Iran war could be given cash grants from local councils, under plans being considered by UK ministers to cover the costs. As concerns grow about the impact of rising fuel and energy costs in response to the ongoing conflict in the Middle East, a … Read more
Russian billionaire Oleg Deripaska has urged citizens to adopt a 12-hour, six-day work week to accelerate the country’s economic transformation, The Moscow Times reported on March 30, 2026. Writing on his social media channels, the industrialist argued that Russia’s resources are limited and that the only way to deal with the global crisis is through … Read more