A viral TikTok trend has left Icelandic supermarkets facing a cucumber shortage, with shoppers struggling to find the popular vegetable. The trend, which involves a simple cucumber salad recipe, has sent demand soaring, exceeding the capacity of local farmers. The recipe, featuring grated cucumbers, sesame oil, garlic, rice vinegar, and…
The UK ceramic tile market is set for substantial growth in the coming years, driven by a thriving construction sector, urbanisation, and a rising demand for stylish and durable flooring and wall solutions. A new report by USD Analytics predicts a compound annual growth rate (CAGR) of 7.6% for…
The global financial markets are fixated on Jackson Hole this week, with Federal Reserve Chair Jerome Powell's speech at the annual economic symposium taking centre stage. Investors are eagerly awaiting his comments for clues on the future direction of US monetary policy, particularly regarding the timing and magnitude…
The forex market remained relatively subdued today, with traders patiently awaiting the highly anticipated speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium. The US dollar continued its recent sluggish performance, vulnerable to further depreciation against major currencies. Market Snapshot AUD leads, USD and CHF lag:…
Bank of England Governor Andrew Bailey will acknowledge progress in curbing inflation in the UK but warn that interest rates may need to stay higher for longer than anticipated due to concerns about the labour market. In a speech at the Federal Reserve's annual Jackson Hole symposium in…
The Bank of England's Governor, Jerome Powell, has unequivocally signalled that lower interest rates are on the cards, marking a significant development in the central bank's historic fight against inflation. In a keynote speech at the annual gathering of central bankers and economists in Jackson Hole,…
Federal Reserve Chair Jerome Powell indicated on Friday that interest rate cuts are on the horizon, though he refrained from providing specific details on the timing or magnitude of the reductions. Delivering his highly anticipated keynote address at the Fed's annual Jackson Hole symposium in Wyoming, Powell declared,…
The Bank of England's (BoE) counterpart, the US Federal Reserve (Fed), is poised to announce a shift in its monetary policy, with Chair Jerome Powell delivering a key speech at the annual Jackson Hole Economic Symposium. All eyes are on Powell's address, expected to outline a…