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Fuel profit margins still persistently high, says watchdog
Drivers could be paying more than they should for petrol and diesel after the UK’s competition watchdog said fuel profit margins remain at “persistently high levels” despite prices at the pump having fallen. The Competition and Markets Authority (CMA) also challenged retailers’ claims that this was a result of higher operating costs, and said competition…
Businesses left asking – what happened to growth?
Simon JackBusiness editor Getty Images Not a single measure in the government’s policy-packed Budget will change the growth forecast for the next five years – that was the damning assessment of the government’s official forecaster, the Office for Budget Reponsibility (OBR). For a government that has declared economic growth as its top priority it is…
US Fed holds interest rates and defends central bank independence
Two Fed officials voted in favour of an interest rate cut – Stephen Miran, who is on leave from his post at the White House where he leads Trump’s Council of Economic Advisers, and Christopher Waller, a Trump appointee whose name has been floated as contender to succeed Powell.
CIA director had two-hour meeting with new Venezuelan leader in Caracas
Reuters CIA director John Ratcliffe met Venezuela’s Interim President Delcy Rodríguez in Caracas on Thursday “at President Trump’s direction,” a US official has said. The two-hour meeting was aimed at building trust and communication following the US seizure of Venezuela’s former president Nicolás Maduro almost two weeks ago. Ratcliffe and Rodríguez discussed potential economic collaboration…
