Business

Sterling hits record low against the dollar, as Asia-Pacific currencies also weaken

The British pound hit an all-time high. Matt Cardy | Getty Images The Pound sterling plunged to a record low on Monday morning in Asia, after the announcement last week by the new British government that it implement tax cuts and investment incentives to stimulate growth. The pound briefly fell 4% to an all-time low …

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Could there be a shortage? Inflation, supply chain issues remain

Beer makers face many challenges as inflation and supply chain issues increase brewing and shipping costs. Shortages of aluminum cans and carbon dioxide, used in brewing, have hampered some brewers. For consumers, beer prices are rising — up 5% so far this year — but not as fast as those of other goods, including food, …

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GM workers will return to office at least 3 days a week

GM employees who have worked remotely due to the pandemic will be required to return to the office at least three days a week, starting later this year, the automaker confirmed Friday. An internal message to employees, first obtained by Automotive News and confirmed by GM on Friday, attributed GM’s appropriate work policy change to …

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Investors Fleeing Company That Plans To Merge With Trump’s Truth Social, Take It Public

There’s more bad news for the company that’s supposed to merge with donald trumpit is Social truth to make it public: investors are starting to jump ship. Digital World Acquisition Corp. – the special purpose acquisition company (SPAC) that Truth Social needs to go public – revealed in a Filing with the Securities and Exchange …

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How to earn more money from your savings now that banks are raising interest rates

The Federal Reserve raised its key rate five times this yearmost recently on Wednesday, as part of its continued efforts to slow the pace of inflation. The idea is that since the US central bank is making it more expensive to borrow money, the demand for goods and services will fall, thus causing prices to …

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The Fed says unemployment will rise. Here’s who economists say would lose their jobs first.

The Federal Reserve intensified his fight against inflation this week, instituting a major rate hike and saying others are likely to follow. These measures will lead to an increase in the number of unemployed Americans by the end of next year, the central bank said. The Fed has proposed a series of aggressive interest rate …

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An iconic soap with two weird claims to fame — “It floats” and it’s “99+44⁄100% Pure”

This iconic soap cake, invented nearly 150 years ago, has become part of Americana largely due to the publicity of its two bizarre merits: “It floats” and it’s “99+44⁄100% pure”. The original product is a no-frills, plain white, lightly scented bar soap with the name “IVORY” engraved on it in script. Impressive, it has stayed …

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