Vic council rates allowed to rise by up to 3.5pc from mid-next year, state government announces

Vic council rates allowed to rise by up to 3.5pc from mid-next year, state government announces

The Victorian government has announced council rate rises of up to 3.5 per cent will be allowed for the 2023–24 financial year, which could lead to increases of hundreds of dollars for some ratepayers.  Key points: Councils will be allowed to raise rates and charges by 3.5 per cent in the 2023/24 financial year The local … Read more

Inflation Hits the Wine Industry – NBC Los Angeles

Inflation Hits the Wine Industry – NBC Los Angeles

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Changing consumer habits lead to muted Boxing Day in Lower Mainland – BC

Changing consumer habits lead to muted Boxing Day in Lower Mainland – BC

The usual long lines and crack-of-dawn store openings were less prevalent for Boxing Day in Vancouver this year and could be a sign of changing consumer behaviour. The queue to get into Best Buy at Cambie Street and W 6th Avenue was non-existent Monday morning. For the few who showed up at 8 a.m., there … Read more

‘We’re at capacity every single night’: Toronto shelters feeling the brunt of inflation – Toronto

‘We’re at capacity every single night’: Toronto shelters feeling the brunt of inflation – Toronto

The current economic climate is exacerbating the challenges of shelters, drop-in centres and transitional housing facilities, which are struggling to help those without a permanent home. With less donations this year, shelters like Eva’s Initiatives in Toronto are feeling the pinch. The facility supports 181 at-risk and homeless individuals between the ages of 16 and … Read more

Legendary Golfer Kathy Withworth passes away at the age of 83 | World News | English News | WION – WION

Legendary Golfer Kathy Withworth passes away at the age of 83 | World News | English News | WION – WION

Legendary Golfer Kathy Withworth passes away at the age of 83 | World News | English News | WION  WION Kathy Whitworth, the winningest golfer in history, dies at 83  CNN CORRECTION Obit Whitworth | National | ktbs.com  KTBS Kathy Whitworth, legendary LPGA golfer, ‘passed suddenly’ at 83, family says  Fox News View Full Coverage on Google News

World Economy Is Headed For A Recession In 2023, Says Researcher

World Economy Is Headed For A Recession In 2023, Says Researcher

The findings are more pessimistic than the latest forecast from the International Monetary Fund. The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.The global economy surpassed $100 trillion for the first time in 2022 … Read more

Tunisia’s political experiment threatens economic collapse | Washington

Tunisia’s political experiment threatens economic collapse | Washington

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Brexit has cracked Britain’s economic foundations

Brexit has cracked Britain’s economic foundations

London CNN  —  It’s been two years since former Prime Minister Boris Johnson signed his Brexit trade deal and triumphantly declared that Britain would be “prosperous, dynamic and contented” after completing its exit from the European Union. The Brexit deal would enable UK companies to “do even more business” with the European Union, according to … Read more

PCE, the Fed’s preferred inflation gauge, shows prices cooling

PCE, the Fed’s preferred inflation gauge, shows prices cooling

Minneapolis CNN  —  The trend is clear: Inflation is cooling off in America. The Federal Reserve’s preferred measurement of inflation showed price increases continued to moderate in November, providing yet another welcome indication that the period of painfully high prices has peaked. The Personal Consumption Expenditures price index, or PCE, rose 5.5% in November from … Read more

Gold at $4,000? Analysts share their 2023 outlook for prices

Gold at $4,000? Analysts share their 2023 outlook for prices

Gold prices could surge to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets volatile, said Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital.  The price of the precious metal could reach between $2,500 and $4,000 sometime next year, Kiener told CNBC’s “Street Signs Asia” on … Read more