August 14, 2026
Trending now

Total solar eclipse crosses Russian Arctic and Europe

Diesel prices rise as US and Europe fuel supplies tighten

Meta, TikTok lose appeal as youth addiction cases proceed

Japan H3 rocket deploys Michibiki No. 7 into planned orbit

Europe heatwave puts EU economic growth under pressure

China widens flood response after Typhoon Dolphin landfalls

DR Congo Ebola death toll tops 1,900 as cases rise

Denmark inflation slips to 1.7% with core rate steady

Gold clears $4,400 while US inflation data takes focus

South Korea tourism surplus reaches post-pandemic high

Tag : Inflation

Business

Chinese Yuan hits record lows against surging US dollar

omandailynews.com
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic currency hitting its weakest level since the 2008 global financial crisis. This depreciation comes as the dollar continues to rise against other major currencies due......
Business

Pakistan’s economy suffers major setback as IMF denies $6 billion loan

omandailynews.com
The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a $6 billion loan. Pakistan signed an agreement with the IMF in 2019 to provide the loan upon meeting certain conditions. However, the funds have not......
Business

CEO of JPMorgan says it is too soon to declare victory over inflation

omandailynews.com
JPMorgan Chase & Co.‘s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5% if prices remain “sticky.” Several Federal Reserve officials said more rate increases were on the way, though none was ready to suggest January’s strong jobs......