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US inflation edges up as Trump renews criticism of Fed chief
US inflation edges up as Trump renews criticism of Fed chief

France 24

timea day ago

  • Business
  • France 24

US inflation edges up as Trump renews criticism of Fed chief

"We have a guy that's just a stubborn mule and a stupid person," Trump told an event at the White House, referring to Fed Chair Jerome Powell. "He's making a mistake." With Powell's term as Fed chief coming to an end next year, Trump hinted at his choice of successor: "I'm going to put somebody that wants to cut rates." The president's remarks came after government data showed the personal consumption expenditures (PCE) price index climbing 2.3 percent last month from a year ago in May. This was in line with analyst expectations and a slight acceleration from April's 2.2 percent increase, but still a relatively mild uptick. Excluding the volatile food and energy sectors, the PCE price index was up 2.7 percent, rising from April's 2.6 percent uptick, the Commerce Department's report showed. But consumer spending declined, after Trump's fresh tariffs in April dragged on consumer sentiment. PCE dropped by 0.1 percent from the preceding month, reversing an earlier rise. While Trump has imposed sweeping tariffs on most US trading partners since returning to the White House in January -- alongside higher rates on imports of steel, aluminum and autos -- these have had a muted effect so far on inflation. This is in part because he held off or postponed some of his harshest salvos, while businesses are still running through inventory they stockpiled in anticipation of the levies. But central bank officials have not rushed to slash interest rates, saying they can afford to wait and learn more about the impact of Trump's recent duties. They expect to learn more about the tariffs' effects over the summer. 'Clear weakening' "The experience of the limited range of tariffs introduced in 2018 suggests that pass-through to consumer prices is intense three-to-six months after their implementation," warned economists Samuel Tombs and Oliver Allen of Pantheon Macroeconomics in a note. They flagged weakness in consumer spending, in part due to a pullback in autos after buyers rushed to get ahead of levies. And spending on services was tepid even after excluding volatile components, they said. "There has also been a clear weakening in discretionary services spending, notably in travel and hospitality," said Michael Pearce, deputy chief US economist at Oxford Economics, in a note. This reflects "the chilling effect of the plunge in consumer sentiment," he added. Between April and May, the PCE price index was up 0.1 percent, the Commerce Department report showed. As a July deadline approaches for higher tariff rates to kick in on dozens of economies, all eyes are also on whether countries can reach lasting trade deals with Washington to ease the effects of tariffs. For now, despite the slowing in economic growth, Pearce said risks that inflation could increase will keep the Fed on hold with interest rates "until much later in the year."

Moment bulky passenger who demanded aisle seat for his big frame is DRAGGED off jet wearing ‘too busy doing nothing' top
Moment bulky passenger who demanded aisle seat for his big frame is DRAGGED off jet wearing ‘too busy doing nothing' top

Scottish Sun

time3 days ago

  • Scottish Sun

Moment bulky passenger who demanded aisle seat for his big frame is DRAGGED off jet wearing ‘too busy doing nothing' top

Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THIS is the moment a bulky passenger wearing a "too busy doing nothing" top was dragged off the jet after demanding an aisle seat for his big frame. The entitled passenger reportedly complained there was not enough room in his window seat on the Thai Lion Air flight taking off from Bangkok. Sign up for Scottish Sun newsletter Sign up 7 The moment cops dragged the passenger off his seat Credit: Viral Press 7 Instead of complying with the authorities, the man lay down and blocked the aisle in protest Credit: Viral Press 7 The man was wearing a t-shirt that read 'too busy doing nothing' Credit: Viral Press Footage shows airport officers hauling the stubborn passenger off his seat. But instead of complying with the authorities, the man, seen wearing an orange t-shirt, lay down and blocked the aisle in protest. The mid-air drama was said to have delayed the flight by around an hour before police arrived to drag him off the Boeing 737 aircraft. Furious passengers screamed at him to "get out of the way" as airport police hauled his bulky body off the jet. One female passenger was heard branding the man "selfish". Another passenger added: "At first, I thought we couldn't take off because the man had fallen ill. "It turned out he just thought the economy seat was too crowded and insisted on moving to the emergency exit. "The flight attendants had to call the police because he refused to cooperate." Officers were seen carrying the man by his arms and legs in a bid to remove him from the aircraft. The flight is said to have taken off around an hour later from the Don Mueang International Airport (DMK). Moment female plane passenger has mid-air meltdown demanding upgrade 7 Footage showed officers carrying the man by his arms and legs in a bid to remove him from the aircraft Credit: Viral Press 7 The entitled passenger reportedly complained there was not enough room in his window seat Credit: Viral Press Meanwhile, footage captured the wild moment a furious woman had a mid-air meltdown when demanding a business class upgrade — before being tied up. The outburst erupted on a flight from Russia to Egypt — with the economy passenger insisting she deserved an upgrade due to an alleged 'pain in my butt and t**s'. Shocking footage from the Aeroflot flight SU734 shows the woman standing in the aisle and yelling at cabin crew in broken English. She said: 'I want business class… I'm in pain in my butt, I'm in pain in my t*ts!' She even grabs her own breasts while arguing her case, pleading: 'But I need a business class because I was working.' When her rant fails to sway staff, the wild-eyed woman sinks to the floor screaming, 'No, no, get out!' as a female voice calmly replies: 'You asked for it.' Crew were helped by strong male passengers to overpower the woman after she allegedly threatened to open the emergency exit and began removing her top in desperation, according to Telegram channel Aviatorshchina. 'The woman tried to push forward, ran around the cabin, approached the emergency exit, and threatened to 'open' it,' the report said. 'It even got to 18+ content. To get to the coveted seats, the passenger began taking off her T-shirt, hoping at least that would work.' Although the video didn't show her fully undressing, it captured her bizarre gestures and meltdown as stunned passengers watched on during the six-hour flight. Meanwhile, a woman allegedly threatened to crash a plane in India during a row with cabin staff just days after the deadly Air India disaster. Footage showed the passenger yelling at passengers and crew on board the flight. The row is reported to have taken place on an Air India Express flight from Bengaluru to Surat. A woman, identified as Dr Vyas Hiral Mohanbhai, 36, was taken off the flight and detained by police following the incident, the Indian Express reported. 7 Cabin crew confronted the screaming woman as she refused to return to her seat on the packed flight Credit: Aviatoshchina/e2w

Nepo baby daughter of huge US TV star mom and writer dad stuns in plunging top – can you guess her famous parents?
Nepo baby daughter of huge US TV star mom and writer dad stuns in plunging top – can you guess her famous parents?

The Irish Sun

time01-06-2025

  • Entertainment
  • The Irish Sun

Nepo baby daughter of huge US TV star mom and writer dad stuns in plunging top – can you guess her famous parents?

THIS is the daughter of a very famous Emmy Award winning actress. Her father was also a very famous playwright who starred in films with the likes of Advertisement 8 Lily Cowles is known for high profile roles in a huge sci-fi series Credit: Instagram 8 The actress stars as Isobel Evans in Roswell New Mexico 8 The actress regularly gives fans a behind the scenes look at her life on social media Credit: Instagram Lily Cowles, 37, is the daughter of She is best known for her role as Isobel Evans in The CW sci-fi drama, Roswell, New Mexico . The actress also voices the character Helen Park in the smash-hit game, Call of Duty: Black Ops Cold War. But she's also very active on social media and she regularly posts either throwback images of her childhood, snaps with her mother or promotion for upcoming projects. Advertisement READ MORE ON HOLLYWOOD One post came in the form of a selfie in a plunging and sleeveless jumpsuit. The star held the camera up to make the most of her skinny figure as she gave a gazing look into the lens. Her mother is an internationally recognised actress, having starred in huge productions. She rose to fame playing the role of Maryann Thorpe in the hit nineties sitcom, Cybill. Advertisement Most read in Celebrity Live Blog Breaking Breaking Exclusive The actress went on to star as Diane Lockhart in the legal drama series The Good Wife where she later reprised the role in the spin-off called, The Good Fight. Christine, 73, is also known for her extensive film work as she starred in Chicago alongside the likes of Huge period drama with A-list cast returning to screens - and it's just days away She is also known for her role as Donna's friend and band-mate Tanya in the Mamma Mia film franchise alongside Other high-profile projects have included Into The Woods, Cruel Intentions, and The Big Bang Theory. Advertisement Most recently, fans could see her in the Lord Julian Fellowes penned period drama, The Gilded Age. She stars as the snobby and stubborn old money socialite Agnes van Rhijn, alongside the likes of Before he passed away in 2014, her father had a supporting role in Martin Scorsese's film Shutter Island alongside Leonardo DiCaprio. His first film came in the form of the 1969 comedy-drama, Me, Natalie alongside Al Pacino. Advertisement 8 Lily is the daughter of the late playwright Matthew Cowles and actress Christine Baranski Credit: Getty 8 She's also the daughter of A-list actress Christie Baranski Credit: Getty 8 She regularly appears alongside her mother at exclusive star-studded events Credit: Getty 8 Christine is famous for her role as Diane in the legal drama, The Good Wife and the spin-off, The Good Life Credit: CBS Advertisement 8 Her most recent project sees the actress play a snobby and stubborn old money American socialite in The Gilded Age Credit: HBO

Ninja 'non-stick' pan drops to £19 in Amazon sale as shoppers buy more in the range
Ninja 'non-stick' pan drops to £19 in Amazon sale as shoppers buy more in the range

Daily Record

time31-05-2025

  • Business
  • Daily Record

Ninja 'non-stick' pan drops to £19 in Amazon sale as shoppers buy more in the range

'This is the first pan I've had in my 20 years of adult life that's actually non-stick and needs no oil.' While many people enjoy the art of cooking and making delicious meals, not so many of us enjoy the clean up afterwards - especially if stubborn excess food is stuck to our cooking appliances and refuses to come off. In order to reduce this issue, many brands have come out with non-stick products to make your cooking experience more enjoyable. One such brand is Ninja. Mostly known for their high-tech Air Fryers, the brand also sells a whole host of kitchen essentials. One of which is the ZEROSTICK Essentials Cookware 20cm Frying Pan. Normally retailing for £30, Amazon has slashed the must-have kitchen appliance down to £18.49 in a limited time deal. Made from long-lasting forced aluminium, the Ninja ZEROSTICK Frying Pans are designed to be up to 20 times tougher than traditional non-stick pans, reports Birmingham Live. Compatible with ceramic and induction hobs, the pans are also said to be oven safe up to 260 degrees. Perfect for frying crispy bacon, sizzling steaks, pancakes, eggs and much more, this pan allows users to cook with little to no oil. Without compromising on cooking performance, food can easily slide out of the pan without sticking. Equipped with stainless steel handles, the Ninja frying pan is also said to be metal utensil safe, dishwasher safe and scratch resistant. For those in need of some new cookware, the Ninja collection may be a good range to consider. Alternatively, Amazon is also selling the Tefal Titanium Essential Frying Pan for £19. With a size of 20cm, this frying pan is designed to be compatible with all hobs and is equipped with Tefal's Thermo-Signal technology which indicates the ideal time to start cooking. Over on Argos, the Tower Smart Start Classic 28cm Aluminium Frying Pan is retailing for the slightly cheaper price of £15. With a built-in temperature sensor that "lets you cook like a pro", the Smart Start tick will change to dark red to let users know when it is time to start cooking. Back to the Ninja non-stick frying pan, it currently has a 4.6 star rating from over 2,300 Amazon shoppers. On top of this, over 900 people have bought the frying pan in the last 30 days, with some coming back and saying that it "works perfectly". One happy shopper said: "I spent more than I usually do on this pan, and honestly, it's well worth it. The construction is solid and weighty, the non stick is great and the heat retention is the best I have come across. Things keep cooking ( and staying warm ) long after I have switched off the hob. A great purchase." Another added: "I'm always a bit sceptical of extensively hyped products, but this pan really is good: substantial with a securely fitted handle. Six months on, the non-stick is excellent and it actually is possible to cook with a minimum of oil without anything sticking. We've gone on to buy three more items in the same range." However, one shopper wasn't happy with the size of the pan, writing: "It was not the size I was expecting. The actual frying area is only 15cm diameter, my last "20cm" fry pan had an 18cm diameter frying area - quite a difference. I am not sure I want to keep it so I haven't tried it out." Another shopper also grumbled: "Good quality frying pan with excellent non stick characteristic that matches manufacturers description. However, only works on my induction hob small rings and not the large ones, hence, me giving it four stars and not five." Despite this, a five-star reviewer added: "Use this everyday nearly. Fantastic little pan, great for making omelettes. Non-stick so easy to clean, and made from quality materials, so it's very sturdy." A sixth customer also wrote: "Often pan adverts show you cooking fried eggs, without needing any oil - they're all rubbish! This is the first pan I've had in my 20 years of adult life that's actually non-stick and needs no oil. "I love we can use it on the hob and put straight into the oven. I love that. After six months of being in the dishwasher most days, it still works perfectly." For those who want to buy the Ninja ZEROSTICK Essentials Cookware 20cm Frying Pan, click HERE. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'.

Influx of Chinese e-commerce players set to ease Australian inflation fears
Influx of Chinese e-commerce players set to ease Australian inflation fears

The Sun

time23-05-2025

  • Business
  • The Sun

Influx of Chinese e-commerce players set to ease Australian inflation fears

SYDNEY: As businesses globally fret about sky-high US tariffs reviving rampant inflation, in Australia, the redirection of cheap Chinese goods is expected to provide relief for consumers and policymakers worried about stubborn cost pressures. Alibaba's Taobao and are the latest Chinese e-commerce platforms to enter the Australian market, seeking to tap into the bargain-starved country's appetite for online deals. The expected flood of cheap goods from China, on top of a recent slowdown in inflation, is among several reasons the central bank felt confident enough to cut interest rates this week. In an economy like Australia's that manufactures very few finished products domestically, Taobao is finding new markets outside of its core Chinese-speaking consumer base. 'I don't shop a lot, but if I do buy something, I will buy it online. If I can get it cheaper through Taobao, 100% I'll buy from them,' said Jodi Clarke, a therapist in Melbourne, whose first purchase on the site included three look-alike Hermes Kelly bags for A$129 (RM355). China's factories are rushing to reach more new markets overseas as the domestic economy slows, with US President Donald Trump's sweeping tariffs making it much more difficult to access the US, the world's largest consumer market. Frederic Neumann, chief Asian economist and co-head of global research at HSBC, said the expansion of Chinese e-commerce platforms overseas will intensify disinflation pressures, especially for consumer goods. 'What the world is facing is a growing inflation divergence between the US and other economies, with prices climbing in the former, and stabilising, if not outright declining, in the latter,' said Neumann. While the flood of Chinese goods has raised alarms in manufacturing-dependent countries in Southeast Asia, Australia's overwhelming reliance on imports for many household items diminishes most such concerns. The Reserve Bank of Australia judges recent global trade developments to be disinflationary in net terms for Australia, one of the reasons it opened the door to more interest rate cuts on Tuesday. 'Because Australia has a higher share of Chinese products in most parts of its import basket compared with other economies, the redirection of tariff-affected exports is likely to place additional downward pressure on Australian import prices, especially in the short term,' the RBA said in its quarterly economic update this week. Australia bought a whopping A$110 billion of goods last year from China, easily its biggest trading partner. Chinese trade data for April showed exports to Australia jumped 9% from the previous month while shipments to the US tumbled almost 18%. The RBA also noted cheap goods from China are unlikely to displace much Australian production and could even benefit industries reliant on imported inputs, such as clothing retailers. Goldman Sachs has estimated the redirection of Chinese goods into Australia, particularly in toys, furniture and clothing, could subtract 20-50 basis points from headline inflation over the next year or two. Those forecasts were made before China and the US agreed to pause steep tariffs this month. Headline consumer price inflation held at 2.4% in the first quarter, comfortably within the RBA's target band of 2% to 3% and having come down from the 7.8% peak in late 2022. Chinese e-commerce platforms are not completely new in Australia, with Temu already capturing big chunks of online sales, but their broadening appeal to Australians comes as they wrestle with lingering cost-of-living pressures. Singapore-based online fast-fashion retailer Shein, which sells clothes made in China, earlier this month held a pop-up store in Sydney and launched its first Australia-focused brand Aralina. Alibaba had been a low-key cross-border player until last year when it started investing aggressively to boost global sales, including in Australia. Its main competitor also launched its Australian site in March. The push was initially designed to reach more Chinese buyers overseas, but Trump's tariff chaos thrust those e-commerce sites into the spotlight, with Taobao now offering an English version of the app. Taobao is already promoting sales in English for the annual '618' shopping festival on June 18, one of China's largest. It offers free shipping to Australia for clothes worth more than 249 yuan (RM146). Consumers interviewed by Reuters say Taobao's app is easy to use and has translation functions to help communicate with sellers. High shipping costs can sometimes be a hindrance, but in some cases it is still cheaper than buying locally. The site's growing profile in English-speaking communities has elevated the 'Taobao haul' trend on TikTok in markets like Australia. – Reuters

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