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Rising US prices could widen divide between haves and have-nots
Posted onDanielle KayeBusiness reporter Danielle Kaye/BBC Yanique Clarke says “prices are really drastically high” for meat, vegetables and fruit There’s a divide in the US economy between the haves and the have-nots. And accelerating inflation, driven in part by tariffs, could make it worse. Government data points to the early stages of businesses passing on the…
Free welcome cafe opens in Highworth to help community connect
Posted onA free cafe has been set up in a town to help prevent loneliness by encouraging people to connect with others. The monthly Warm and Welcome Wednesday Cafe in Highworth, Wiltshire, has been set up by the volunteers behind Highworth Community Larder, which redistributes food that would otherwise have been thrown away. The cafe is…
US inflation eases as food and fuel costs cool
Posted onUS prices rose 3.4% in the year to July, slightly lower than the 3.5% in the year to June, new figures show. Energy remained volatile as the Middle East conflict has continued. While gasoline prices were down 2.9% in July compared to June, they were up 24.6% over the year. Month to month, inflation rose…
UK economy returns to growth in May
Posted onThe economy saw a strong start to the year, but growth has faltered in recent months with the conflict in the Middle East having affected some businesses. The Iran war has pushed up oil and fuel prices, and also disrupted supply chains. The ONS said firms in a number of sectors had flagged the conflict…
Lululemon boss to step down early next year
Posted onThe boss of Lululemon Athletica, the brand known for its expensive yoga leggings and other sports clothing, is to leave the company early next year. Calvin McDonald, the firm’s chief executive, will depart at the end of January after more than seven years at the helm. The decision comes amid a run of poor sales…
