John Harris

John Harris covers the economy with a focus on trade, financial policy, inflation, markets, and major business developments. He follows economic data, government decisions, central-bank developments, and changes in international commerce. John aims to explain what the numbers show while avoiding unnecessary speculation, giving readers a practical view of wider economic conditions.
Economy & Trade

Federal Reserve Hikes Rates for First Time in Three Years to Combat Persistent Inflation

The decision, which markets had widely anticipated with a better-than-90% probability, was driven by a confluence of economic pressures. In…

Read More »
Economy & Trade

One in nine French fuel stations face supply shortages as diesel prices hit record

The supply constraints coincide with a surge in fuel costs. Diesel prices have climbed above €2.39 per litre, reaching a…

Read More »
Economy & Trade

New York sues Polymarket, seeking to block unlicensed prediction market operation

State officials argue that Polymarket failed to obtain the necessary gaming license required to offer such services to New York…

Read More »
Economy & Trade

Hungary to Lift Minimum Old-Age Pensions Starting January

The increase takes effect at the start of the new calendar year, aligning with the typical fiscal and budgetary cycle…

Read More »
Economy & Trade

NS&I raises Premium Bonds rate to 4.35%, boosting monthly prize pot by £63 million

The rate hike follows a steady upward trajectory in the savings product's returns over the past several months. NS&I previously…

Read More »
Economy & Trade

Russia Submits Three-Year Budget with Record Classified Spending and $88 Billion Deficit for 2026

The most striking element of the submitted document, however, is the unprecedented level of confidentiality applied to the budget lines.…

Read More »
Economy & Trade

U.S. Mortgage Rates Reach Highest Level Since 2023 Amid Rising Treasury Yields

The linkage between Treasury yields and mortgage rates is a fundamental mechanism in the U.S. financial architecture. Mortgage-backed securities (MBS),…

Read More »
Economy & Trade

Volkswagen Terminates 10 Collective Wage Agreements in Cost-Cutting Drive

The decision affects 127,000 employees within the Volkswagen brand. By ending these contracts, the automaker aims to open up room…

Read More »
Economy & Trade

Australian housing market faces steepest 40-year downturn as prices fall for sixth straight month

The deterioration is broad-based, affecting nearly every major capital city. Brisbane experienced the sharpest monthly drop, with values falling 1.5%…

Read More »
Economy & Trade

Etihad Rail launches Dubai passenger service, offering 64-minute trips to Abu Dhabi for AED 39

The Al Yalayis station is located in Jumeirah Golf Estates, strategically positioned to serve Dubai’s expanding southern communities. Company officials…

Read More »
Back to top button