Four in Ten U.S. Small Businesses Plan to Raise Prices by at Least 10%
“About 40% of U.S. small businesses intend to raise selling prices by 10% or more amid decades-high inflation, according to a survey from the National Federation of Independent Business.”
U.K. Budget Deficit Halves Despite Rising Debt Costs
“U.K. Chancellor the Exchequer Rishi Sunak pledged to bring borrowing under control to “avoid saddling future generations with debt” after official figures showed debt servicing costs rocketed.”
China Central Bank Seeks to Calm Markets with Support Pledge
“China’s central bank pledged to support the economy through targeted financing for small businesses and a quick resolution of the ongoing crackdown on technology firms in Beijing’s latest bid to reassure investors nervous about growth and Covid lockdowns.”
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