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More Than 40% Of Companies Say Workers Have Asked for Higher Pay to Offset Inflation. Few Have Revised Salary Budgets.

Inflation may be hitting new 40-year highs, but less than a quarter of U.S. organizations say they are revising their salary budgets due to inflation.

UK Central Bank Warns of 8 per Cent Inflation by Next Month as They Hike Interest Rates

The Bank of England has warned that inflation could hit 8 per cent by as early as next month in Britain as it raised interest rates to pre-pandemic levels on Thursday.

Rep. Frank Pallone Wants 6 Oil Company Execs to Testify About Gas Prices

Rep. Frank Pallone, D-N.J., chairman of the Energy and Commerce Committee, is asking executives from six oil companies to testify about surging gas prices.

Japan Lifts COVID Restrictions Monday, Preps for Tourism

Quasi-emergency measures will end next week, says Prime Minister Kishida.

Tesla Halts Work at Shanghai Factory for 2 Days Amid China COVID-19 Curbs

Tesla is suspending production at its Shanghai factory for two days, according to a notice sent internally and to suppliers, as the Chinese regime tightens COVID-19  restrictions to curb the country’s latest outbreak.

Military-Industrial Complex Stock Jump Amid Russia-Ukraine Conflict

Russian military op spurs European demand for U.S. drones, missiles.

Fed Raises Interest Rates for First Time in 3 Years, Projects 6 More Hikes as Inflation Soars

Federal Reserve increases key benchmark rate by 25-basis points

Police Departments Report Spike in Gas Thefts Amid Rising Fuel Prices

With sharply rising gasoline prices come nefarious methods criminals use to avoid the pain at the pump.

Psaki Says No Venezuelan Oil ‘at This Time’ as Hispanic Support for Democrats Collapses

White House Press Secretary Jen Psaki repeatedly shut down questions about President Joe Biden potentially cutting a deal to import oil from socialist Venezuela on Monday after rumors of such a move, fueled by a U.S. delegation to Caracas, prompted international outrage.

IMF Predicts Russia Heading for ‘Deep Recession’ as Sanctions Bite

The International Monetary Fund (IMF) predicted Sunday that Russia will be moving towards a “deep recession” as a consequence of the trade sanctions imposed on Moscow after the invasion of Ukraine.

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