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Central bank gold buying soars to 55-year high
Overall demand in 2022 was the highest in over a decade, the World Gold Council has said Gold buying, which dipped during the Covid-19 pandemic, gained momentum in 2022, with demand soaring 18% against the previous year, the World Gold Council (WGC) said on Tuesday. According to the group, consumption last year hit 4,741 metric tons, the highest yearly total since 2011. The WGS also…
UK new car sales hit 30 year low but electric vehicle demand soars
A chip shortage contributed to the drop in car registrations in 2022 – but electric cars boost market share. The post UK new car sales hit 30 year low but electric vehicle demand soars appeared first on Rich TVX News Network.
Zimbabwe: Millions cut back on meals as living costs soars
Millions of people in Zimbabwe facing food shortages and high unemployment are coming under more pressure as the cost of living soars. Some families are cutting back on meals as inflation pushes food prices up. Al Jazeera’s Haru Mutasa has more from Harare, Zimbabwe. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out…
The cost of Asia’s favourite foods soars because of the pandemic and Ukraine-Russia war
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Restaurant owners across Asia, from South Korea to Pakistan, are feeling the pinch, as prices of staple ingredients soar because of the Covid-19 pandemic and the Ukraine-Russia war. Supply chains have been disrupted, transportation costs have risen sharply and consumers have cut back spending. To avoid closing their doors, many restaurant owners are making the difficult…
Greeks struggle to afford food and electricity as inflation soars
Soaring inflation is hitting living standards across the developed world. And it is largely being driven by a rise in energy prices. In Greece, electricity prices alone trebled last year, and the government is spending more than $2bn subsidising energy costs for households, businesses and farmers. But some people still have to choose between eating and paying their power bills. Greek incomes were battered by…
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