India’s retirees tap savings, eat less as living costs soar

NEW DELHI, India – TL Wali, a 66-year-old lawyer in Delhi’s high court, had been looking forward to retirement. But with India’s living costs soaring, he is now forced to dip into his savings and will need to keep working longer just to pay for medicine, travel, and household expenses. “I can’t even think about … Read more

Amazon results and outlook fall short as warehouse, fuel costs soar

After a surge in sales because of the COVID-19 pandemic, Amazon faces new challenges in the return to normal, and as the Ukraine-Russia conflict continues Inc delivered a disappointing quarter and outlook on Thursday, April 28, as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. … Read more

Rising calls for US LNG revive stalled export projects, but at higher costs

HOUSTON, USA – Soaring demand for US liquefied natural gas (LNG) as buyers clear steer of Russian fuel is putting some long-stalled US export projects back on track. But rising costs for materials and threaten to snarl these plants once again. Two developers with projects sidelined due to the US-China trade war – Energy Transfer … Read more

Big companies manage to pass on soaring costs to cash-strapped consumers

Some of Europe’s biggest companies report sales increases for the first quarter of 2022, with Nestle, Danone, and Akzo Nobel saying they were able to accomplish the gains while raising their prices ZURICH, Switzerland – Makers of chocolate bars and coffee to lawn mowers and industrial robots succeeded in passing on soaring costs to consumers, … Read more

Elon Musk’s Tesla races ahead of rising costs with price hikes

SAN FRANCISCO, USA – Tesla Inc results surged past Wall Street expectations on Wednesday, April 20, as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs. The results also should trigger $23 billion in new payouts to CEO Elon Musk, already the world’s richest man. Tesla has been an … Read more

Costs of going unvaccinated in America are mounting for workers and companies

Nearly a year after COVID-19 vaccines became freely available in the US, one-fourth of American adults remain unvaccinated, and a picture of the economic cost of vaccine hesitancy is emerging. It points to financial risk for individuals, companies, and publicly funded programs. Vaccine hesitancy likely already accounts for tens of billions of dollars in preventable … Read more

Carmakers face soaring metal costs with Russian supplies at risk

LONDON, United Kingdom – Saving up for a new ride? Better start putting more cash aside. Russia’s invasion of Ukraine is ramping up the price of metals used in cars, from aluminum in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot the … Read more