March 8, 2022
One gas station in Los Angeles close to $7 a gallon
The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to almost $5.25 on Saturday, but some gas stations in the area have even higher prices according to KABC. The Shell gas station located at Olympic Boulevard and…
March 6, 2022
Five ways the Ukraine war could push up prices
Severe sanctions on Russia aim to isolate the country and create a deep recession there, but the economic fallout will also be felt by people around the world. The sharp rise in the prices of things from oil and metals to wheat is expected to push…
March 5, 2022
Zara, Paypal and Samsung suspend business in Russia over Ukraine invasion
Zara, Paypal and Samsung are the latest international firms to suspend trading in Russia after it invaded Ukraine. The clothes retailer's owner, Inditex, will shut all 502 stores of its eight brands, including Bershka, Stradivarius and Oysho, from…
March 3, 2022
What sanctions could West still impose on Russia?
A raft of actions by the West is aimed at choking Russia's economy and banking system, and punishing Vladimir Putin's inner circle. What more sanctions could they impose? In response to Russia's invasion of Ukraine, the US, UK, EU and more than two…
March 1, 2022
Oil prices hit 7-year high despite emergency measures
Oil prices surged on Tuesday despite new measures aimed at calming markets worried by the invasion of Ukraine.Brent crude - the international benchmark for oil prices - jumped 10% to $107 a barrel, marking the highest level seen in more than seven…
February 28, 2022
White House, allies announce disconnecting “selected” Russian banks from SWIFT
The White House announced over the weekend further sanctions on Russia, saying that along with the European Commission, it will be disconnecting some Russian banks from SWIFT and are “imposing restrictive measures that will prevent the Russian…
February 26, 2022
Barbados unhappy at its continued presence on OECD grey list
Barbados is awaiting the visit of a delegation from the Organisation for Economic Cooperation and Development (OECD) as the island continues to express its disappointment at being placed on the organisations grey list of countries considered un…
February 22, 2022
Elon Musk says US is trying to ‘chill’ his free speech
Tesla boss Elon Musk has accused US regulators of targeting him for "unrelenting investigation" because of his criticism of the government.In a court filing, the billionaire says the Securities and Exchange Commission has engaged in "outsized…
February 22, 2022
Donald Trump testifying in New York investigation
Former US President Donald Trump and two of his children must answer questions under oath in a New York investigation into their business practices, a judge has ruled.New York's attorney general has accused the Trump Organization of obtaining tax…
February 14, 2022
Consumer prices jump 7.5%, fastest pace in 40 years
The Labor Department says the prices Americans are paying climbed rapidly last month and are jumping at a pace not seen in 40 years. The department says the consumer price index -- a key measure of inflation -- surged 7.5 percent over the last 12…