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Amid high food prices, questions arise about grocery chains’ profits
Loblaw says it’s freezing prices on its No Name products until 2023 to help Canadians struggling with inflation. But with major grocery chains seeing their profits increase, some are questioning whether they should be the target of...
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Loblaw facing criticism after announcing No Name price freeze
Some critics have labelled Loblaw's announcement that it is freezing prices on its No Name brand until January a PR stunt. Its competitor Metro says such a freeze is 'an industry practice.'
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Shoppers react to sky-high food prices
Increases in the price of food are out of control, and on the streets of Toronto on Tuesday, Canadians told CBC News about what they are doing to deal with them.
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Is high inflation getting entrenched?
Kevin Page, head of the Ottawa-based Institute of Fiscal Studies and Democracy, discusses Canada's latest inflation data, and what it means for Canadians.
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UK’s Liz Truss faces down hostile MPs, refuses to resign
The PM says she is ‘not a quitter’ as she faces fury from opposition and her own party over her botched economic plan.
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Will Biden’s Plan to Release 15M Barrels of Oil Help Gas Prices?
President Biden announced a plan to release 15 million barrels from the national supply to tackle high gas prices, but will it be enough to keep gas prices down?
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No relief for food prices despite overall inflation showing signs of slowdown
Food prices in Canada rose at the fastest pace since 1981, despite Statistics Canada's latest figures showing overall inflation cooling down for the third month in a row.
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EU Summit: Leaders meet to hash out new emergency measures to curb soaring gas prices
Discussions will focus on capping gas prices, joint purchases, solidarity rules and common financing to tackle the energy crisis.
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Single mother struggles to make ends meet with India's inflation
Twamev Sharma, a single mother, tells Al Jazeera how it is becoming harder to make ends meet.
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New numbers show steep decline in home sales compared with last fall
New numbers show Canada's housing market is continuing to cool, with home sales down 32 per cent this September compared with the same time a year ago, and prices down 6.6 per cent.
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EU leaders struggle to agree on price cap amid energy crisis
EU leaders meeting in Prague have failed to agree on a price cap for gas.
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Heatwave threatens Spain's olive oil production
Spain is facing a crisis in its annual olive harvest.
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'Very complicated': Belgian business owners struggle with high energy bills
"We are wondering where we're going to end up because we're going to have to tighten our belts more and more," a man in Huy told Euronews
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Spain: Restaurants dismayed as they're forced to bump up price of popular set menu
The restaurant industry has been badly hit by soaring energy costs, at a time when many businesses are still recovering from the COVID-19 crisis.
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European leaders gather in Prague, Russia not invited
Leaders meet to launch a ‘European Political Community’ to boost security and economic prosperity across the continent.
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Eurozone inflation reaches new record high of 10% in September
Eurozone inflation reaches new record high of 10% in September.
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Rent in Turkey rise as Russians flee mobilisation
Rents in parts of Turkiye are rising as Russians move there to avoid mobilisation order.
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Drivers cope with surging gas prices
The cost of gas is rising across Canada, especially in British Columbia, due to a number of factors including the closure of refineries in the United States for annual maintenance. But experts say consumers could see some relief soon.
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Inflation cools slightly to 6.9% in September
Canada's official inflation rate slowed for the third month in a row in September, as gasoline got cheaper but food prices continued to get more expensive.
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Are grocery store chains taking advantage of inflation? | Quick question
Economist Jim Stanford and Agri-Food Foresight Institute senior director Sylvain Charlebois debate whether grocery store chains are profiting from rising food prices driven by inflation.
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Crunching the numbers: How does the inflation rate impact Canadians?
Statistics Canada Chief Statistician Anil Arora speaks with Rosemary Barton Live on the country's current inflation rate and explains where Canadians are feeling the impact most.
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UK's financial woes: High interest rates impact property market
Nearly 300 mortgage deals have been pulled in the last 24 hours by banks and building societies
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UK stocks, sterling slip as BoE intervenes after IMF slams budget
The pound slumps and stocks pare losses after the Bank of England says it is buying up long-dated UK government bonds.
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Netherlands energy crisis: Households cut themselves off from gas
More than one million households in the Netherlands are struggling to pay energy bills.