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Canada's central bank said Wednesday it was keeping its key interest rate at five per cent and continuing its quantitative tightening program. Bank of Canada governor Tiff Macklem said key measures of inflation in Canada are all headed in the right direction.

(CNS)

On March 10, the Financial Conduct Authority in the U.K. published research that showed 7.4 million adults in the U.K. struggled to pay their bills or credit commitments in January. While this is down from 10.9 million a year earlier, it is still above the 5.8 million who were struggling in February 2020. Despite U.K. inflation decreasing to its lowest level in almost two years at 3.4% in February, the cost of living continues to weigh heavily on many households.

(CNS)

Australians are retiring at their latest average age on record, with new figures showing women and men will reach 66.2 and 64.8 years of age respectively in 2022-23, the highest levels since 1972 and 1971. - ABC News

People's Daily

Minister of Agriculture, Land Reform and Rural Development Thoko Didiza on Thursday told the National Agricultural Marketing Council in Cape Town that both winter grains and summer oilseeds have been severely affected by the drought and the country will produce at least 21% less summer grains this year compared with 2017.

(CNS)

Costco, America's retail giant, began selling gold bars online last August and introduced minted gold bars in October, according to a research report by Wells Fargo. In addition, Costco sells silver coins. The report estimates that Costco's gold and silver business is now likely generating up to $200 million in monthly sales.

(CCTV Finance)

Honda's drive to further develop hybrid vehicles has been reported by the Nikkei on the 10th. "Our strategy is the complete opposite to Toyota's." A development official within Honda used this turn of phrase to describe the company's hybrid vehicle (HEV) strategy.

Reference News Network

Battery prices are set to continue falling, experts at BloombergNEF predict, reported French daily Les Echos on December 8. They forecast a further 6% drop by 2025, to $113 per kilowatt-hour. By 2030, they expect battery packs to fall below the $100/kWh mark.

Reference News Network

Indonesia's economy is projected to continue growing at above 5 per cent in 2024 and 2025, according to a report by the Asean+3 Macroeconomic Research Office (AMRO) released on Thursday (Sept 9), reported Singapore’s The Straits Times.

Reference News Network