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CPI inflation: Price increases in the US ease in November
Posted onNatalie ShermanBusiness reporter Bloomberg via Getty Images Price increases in the US eased in recent months, as costs for items including hotels, milk and some kinds of clothing fell. The latest figures from the Labor Department showed prices rose 2.7% over the 12 months to November. That pace was down from 3% in September and…
Gatwick Airports drop-off fee rises to £10, UKs highest charge
Posted onGetty Images Drop-off charges were introduced at Gatwick in 2021 Gatwick Airport is increasing the price of its drop-off zones by £3, bringing the minimum charge to £10. The fee to allow drivers to stop outside the terminal for 10 minutes is set to increase on 6 January, making the West Sussex airport the most…
Walmart chief Doug McMillon retiring after more than a decade
Posted onWalmart chief executive Doug McMillon will retire from his post in January, handing over the reins to a longtime deputy. The 59-year-old is stepping down after more than a decade at the helm of the world’s largest retailer, a period when it successfully expanded its online operations, while scaling back riskier international units. He will…
Junk food advert ban set to come into force
Posted onArchie MitchellBusiness reporter PA Media Junk food adverts will be banned on television and online from Monday as part of a drive to tackle childhood obesity. The UK-wide ban will stop food and drinks high in fat, salt and sugar (HFSS) being advertised on TV before 21:00 and at any time online. It applies to…
Covid Inquiry to probe furlough and business loans
Posted onThe third stage of the Covid-19 Inquiry begins hearing evidence on Monday focusing on the measures taken to support workers’ incomes and keep businesses afloat when the pandemic struck. It will focus on what action the UK government, devolved administrations in Scotland, Wales and Northern Ireland, and local authorities took, how well schemes were designed…
Trump picks Kevin Warsh to lead the US Federal Reserve
Posted onWarsh, a 55-year-old economist, is a fellow at the right-leaning Hoover Institution and serves on the board of courier UPS. He has been an outspoken Fed critic, lambasting everything from the central bank’s heavy reliance on data to its use of assets on its balance sheet.
