‘It’s as if we’re in Mad Max’: warnings for Amazon as goldmining dredges occupy river | Brazil

Environmentalists are demanding urgent action to halt an aquatic gold rush along one of the Amazon River’s largest tributaries, where hundreds of illegal goldmining dredges have converged in search of the precious metal. The vast flotilla – so large one local website compared it to a floating neighbourhood – reportedly began forming on the Madeira … Read more

Fed ready to raise interest rates if inflation continues to run high, minutes show

Fed ready to raise interest rates if inflation continues to run high, minutes show

Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising. The committee that sets interest rates for the Fed on Wednesday released the minutes from the November session where it first signaled that it could be dialing back … Read more

Latest news updates: Martha Stewart’s Thanksgiving NFT draws thousands in bidding

Latest news updates: Martha Stewart’s Thanksgiving NFT draws thousands in bidding

Austrian prosecutors have said they are ending an 18-month investigation into a coronavirus outbreak in the ski resort of Ischgl, which became one of Europe’s earliest superspreader locations. In a statement today, the Innsbruck state prosecutor said it was closing its probe into criminal liability for the Ischgl outbreak with no charges of wrongdoing. Ischgl … Read more

Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991

Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991

Gasoline prices are displayed at a gas station on November 16, 2021 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images Inflation rose strongly in October, accelerating at its fastest pace since the early 1990s, according to a Commerce Department gauge released Wednesday that is closely followed by Federal Reserve … Read more

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday. New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous … Read more

Explainer: What is happening with U.S. gasoline prices?

Explainer: What is happening with U.S. gasoline prices?

Chevron fracking site near Midland, Texas, U.S. August 22, 2019. REUTERS/Jessica Lutz/File Photo Register now for FREE unlimited access to reuters.com Register Nov 24 (Reuters) – The United States uses more gasoline than any other nation in the world, and lately Americans have grown concerned about the swift rise in costs at the pump. The … Read more

U.S. Data Dump, Germany’s New Government, Oil Stockpiles

U.S. Data Dump, Germany

© Reuters By Geoffrey Smith  Investing.com — There’s a veritable feast of U.S. economic data, including personal consumer expenditure prices – the Federal Reserve’s favored gauge of inflation – and weekly jobless claims, moved up a day to avoid the Thanksgiving Holiday.  Germany will present its new government under the leadership of center-left politician Olaf … Read more

UK factory orders growth hits record but inflation also surges – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The Turkish lira has weakened again this morning towards a record low that it hit against the dollar yesterday, after the Turkish president Recep Tayyip Erdoğan signalled that he would not be deterred by rising inflation … Read more