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IN any Economics 101 class, students are often made to understand that a modest level of inflation is good for the economy as a whole. A healthy level of inflation contributes to production increase as more money translates to more spending, which directly influences aggregate demand.
NEW YORK: This Christmas season will be marked by a growing divide between high and low earners, according to a study from Deloitte LLP.
(Reuters) - J.P.Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple Inc's iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant.
BEIJING: Chinese consumers will have more access to Malaysian products with the launch of a commodities festival here.
PARIS (Reuters) - French President Emmanuel Macron is building an election campaign machine stacked with former conservative insiders, because he has realised he needs to win over more centre-right voters to secure a second term next year.
WASHINGTON (Reuters) - U.S. consumer prices increased solidly in September and are poised to rise further in the months ahead amid a surge in the costs of energy products, which would cast doubts on the Federal Reserve's view that high inflation is transitory.
(Reuters) -Apple Inc is likely to slash production of its iPhone 13 by as many as 10 million units due to the global chip shortage, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Indonesia's new tax law expected to raise tax revenue by at least 9% to raise its annual tax collection between 9.23 and 17.94 per cent over the next four years.