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UK Budget 2023: Economy Set to Avoid Recession

UK Budget 2023: Economy Set to Avoid Recession

Following UK Chancellor Jeremy Hunt's announcement of the 2023 budget, the Office for Budget Responsibility (OBR) forecast that the UK won't enter a technical recession this year, with inflation reportedly set to drop to 2.9% — a reduction by more than half its current rate — by the end of 20...

Novo Nordisk to Cut US Insulin Prices

Novo Nordisk to Cut US Insulin Prices

Previously, some US states instituted price caps on insulin, and the Inflation Reduction Act, which was signed into law last year, mandated that Medicare patients pay no more than $35 a month for insulin....

UK House Prices Fall at Fastest Rate in Over a Decade

UK House Prices Fall at Fastest Rate in Over a Decade

Last month saw the biggest decline in UK house prices in more than a decade — falling 1.1% in February against the same month last year — according to an announcement from mortgage provider Nationwide on Wednesday....

UK Energy Bills to Rise, Despite New Price Cap and Falling Energy Costs

UK Energy Bills to Rise, Despite New Price Cap and Falling Energy Costs

UK households will see their energy bills increase by an average of 20% (£500) this coming year, despite energy regulator Ofgem having announced that the energy price cap — which sets the maximum that companies can charge for a single unit of energy — will be lowered for the three months fro...

Survey: Half of Americans Worse Off Than Year Ago

Survey: Half of Americans Worse Off Than Year Ago

In a new Gallup survey, 50% of Americans have claimed that they are financially worse off now than they were the previous year — the highest percentage since the Great Recession over a decade ago....

Spotify Laying Off 6% of its Workforce

Spotify Laying Off 6% of its Workforce

Music streaming platform Spotify announced Monday the company will be laying off 6% of its global workforce, which is about 600 employees

US Fed Raises Rates by 0.25%, Signals ‘Ongoing Increases’

US Fed Raises Rates by 0.25%, Signals ‘Ongoing Increases’

The US Federal Reserve (Fed) raised interest rates by 0