Category: PMN Business

Mar 24

Iran’s currency hits a record low

Article content TEHRAN, Iran (AP) — Iran’s currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people celebrated the Persian New Year. On Sunday, people were trying to exchange rials for foreign currency at Tehran’s main hub of exchange shops in Ferdowsi Street, but most were closed due […]
Mar 23

US Inflation Gauge Seen Bolstering Fed Patience on Rates

Breadcrumb Trail Links PMN Business The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are wary about cutting interest rate too soon. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Mar 23, 2024  •  6 minute read 33cgee6k3{0pvaatijut3ey0_media_dl_1.png Source: Statistics Sweden, […]
Mar 23

Retailers Turn to ‘Extreme Bargains’ to Lure Shoppers as Consumer Spending Underwhelms

Breadcrumb Trail Links PMN Business On many weekends, dozens of people line up in a nondescript alleyway in east London to shop at sample sales: designer clothing offered at discounts that typically stretch to 70% or more. Author of the article: Bloomberg News Eliza Ronalds-Hannon, Giulia Morpurgo and Jill R. Shah Published Mar 23, 2024 […]
Mar 23

Washington approves $228 million in US military aid to the three Baltic states, Estonia says

Article content HELSINKI (AP) — The U.S. Congress has passed a bill that involves a total of $228 million in military and defense aid to Estonia, Latvia and Lithuania this year under the Baltic Security Initiative, Estonia’s defense officials said Saturday. The U.S. government funding legislation includes military aid to the three Baltic countries, which […]
Mar 21

Requiring ugly images of smoking’s harm on cigarettes won’t breach First Amendment, court says

Article content NEW ORLEANS (AP) — A federal requirement that cigarette packs and advertising include graphic images demonstrating the effects of smoking — including pictures of smoke-damaged lungs and feet blackened by diminished blood flow — does not violate the First Amendment, an appeals court ruled Thursday. The ruling from a three-judge panel of the […]