New Car Sales Are Rising Thanks to Purchases by the Well-Off
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
There’s a huge loophole in the new UK ban on daytime junk food ads
Rech Alcances Frisardi/ShutterstockNew advertising restrictions on unhealthy food and drink have come into force in the UK, targeting products deemed to be high in fat, salt or sugar. From now on, TV, radio or online adverts that feature these foods will be banned before 9pm.
FEDS Paper: A New Reason to Hate Grocery Inflation: Measuring and Interpreting Inflation Heterogeneity
Kelsey O'FlahertyThe 2021-2022 inflation episode presented the first opportunity to examine inflation and price dispersion using U.S. scanner data in a high-inflation environment. Data from 50,000 outlets reveals that price changes across similar goods grew more dispersed in 2022 before falling again in 2023. This paper documents how price change dispersion interacts with households' product choices to generate substantial inflation heterogeneity.
A sign of Europe’s troubled times? Lithuania brings in tax reforms to boost defence spending
proslgn/ShutterstockLithuania is entering 2026 with a tax shift that brings its system closer to countries like Ireland and the UK. From January 1, the long-standing flat 15% personal income-tax rate for self-employed people is being abolished for higher earners. These workers will now be integrated into the same new progressive bands that apply to employment income.
Supreme Court Increasingly Favors the Rich, Economists Say
A new study found that the court’s Republican appointees voted for the wealthier side in cases 70 percent of the time in 2022, up from 45 percent in 1953.
Households drive Nov deposits rise as total reaches 207 bln
The Greek banking system’s private sector deposits rebounded in November, with a net rise of 1.03 billion euros, after a drop of 2.14 billion euros in October, according to the latest Bank of Greece (BoG) figures released on Friday.
Credit expansion still solid in Nov as it rises by 7.2 pct YoY
The credit expansion in the Greek private sector remained strong though it slightly moderated in November, rising by 7.2 percent year-on-year (YoY), from 7.8 percent the previous month, Bank of Greece (BoG) figures released on Friday showed.
PM’s silence on legality of Maduro’s capture sparks widespread opposition criticism
The capture of Venezuelan President Nicolas Maduro by the US has opened up new faultlines in Greek politics, particularly after Prime Minister Kyriakos Mitsotakis chose to sidestep questions about the legality of the actions ordered by Donald Trump.
Can office culture survive the work-from-home revolution? Yes, but you can’t force the fun
Getty ImagesGroaning your way back into the new work year? It’s an occupational hazard after the holiday break, of course, but these days there is the consolation (for some) of hybrid working.
For jobs that allow it, hybrid work is the new normal, allowing employees to work both remotely, usually from home, and in the office.
Why Haven’t Trump’s Tariffs Had a Bigger Impact?
Steep import taxes have raised prices and affected U.S. businesses, but not quite as much as expected. A new report offers some reasons.
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