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Europe inflation slips to 5.5% — but that won’t stop central bank rate hikes

Published Tue, 25 Feb 2025 11:19:02 GMT

FRANKFURT, Germany (AP) — Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop more interest rate hikes that will raise the cost of borrowing across the economy. The annual rate of 5.5% was down from 6.1% in May in the 20 countries that use the euro currency, the European Union statistics agency Eurostat said Friday.While that is a big drop from the peak of 10.6% in October, persistently high prices in the U.S., Europe and the United Kingdom pushed some of the world’s top central bankers to make clear they are going to keep raising rates and leave them there until inflation drops to their 2% goal considered best for the economy. Consumers saw relief on energy prices, which dropped 5.6% after last year’s crisis, while food price inflation was up 11.7%, easing from 12.5% in May. Core inflation, which excludes volatile food and fuel and offers a clearer picture of longer-term price pressures, rose s...

Hasta $70 por una botella: se dispara el precio de esta popular salsa picante

Published Tue, 25 Feb 2025 11:19:02 GMT

¿Pagarías $70 por un frasco de tu salsa picante favorita? Si eres amante de la salsa Sriracha quizás tengas que rendirte de buscarla en los supermercados y pagar una astronómica cifra. Por ahora, atrás quedaron esos días en los que la podrías conseguir por $4 en los estantes. La razón es que los suministros para fabricarla siguen siendo limitados, advirtió uno de los fabricantes de Sriracha más populares de Estados Unidos ante la nueva escasez del popular producto. Anuncian que habrá escasez de la salsa Sriracha NBC: fabricante de salsa picante Sriracha advierte de escasez durante el verano Debido a la continua escasez, se han comenzado a vender en Internet botellas de la salsa de Huy Fong a precios astronómicos e incluso, hay quienes se están llevando las botellas de los restaurantes. Aunque Huy Fong no es el único fabricante de la Sriracha, sí es el más popular.En Amazon, los vendedores están aprovechando para venderla a precio...

HIVE Blockchain: Fiscal Q4 Earnings Snapshot

Published Tue, 25 Feb 2025 11:19:02 GMT

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — HIVE Blockchain Technologies Ltd. (HIVE) on Thursday reported a loss of $7 million in its fiscal fourth quarter.The Vancouver, British Columbia-based company said it had a loss of 8 cents per share. Losses, adjusted for one-time gains and costs, came to 5 cents per share.The crypto currency mining company posted revenue of $18.2 million in the period.For the year, the company reported a loss of $236.4 million, or $2.85 per share. Revenue was reported as $106.3 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIVE at https://www.zacks.com/ap/HIVESource

Inflation in the 20 countries using the euro falls to 5.5% in June but that won’t stop more interest rate hikes

Published Tue, 25 Feb 2025 11:19:02 GMT

FRANKFURT, Germany (AP) — Inflation in the 20 countries using the euro falls to 5.5% in June but that won’t stop more interest rate hikes.Source

Image captured by Mars rover shows a mysterious ‘doughnut’ on the planet’s surface

Published Tue, 25 Feb 2025 11:19:02 GMT

(CNN) — An image captured by the Mars rover Perseverance shows a mysterious doughnut-shaped rock on the red planet’s surface.Launched in July 2020, the Mars Perseverance rover continues to explore the planet’s 28-mile-wide (45-kilometer-wide) Jezero Crater for signs of ancient microbial life, according to NASA. The rover collects samples of rock and broken rock and soil (called regolith) for possible return to Earth by a future Mars mission.The Mars “doughnut” is one of the latest objects captured about 100 meters (roughly 328 feet) away in the delta of the Jezero Crater by the SuperCam Remote Micro-Imager — one of the rover’s cameras helping scientists see what’s on the planet’s surface.The Perseverance team hasn’t made the rover go closer to the doughnut-shaped rock to examine or sample it, so its exact makeup and origins are unknown, said Jim Rice, an assistant research scientist in the School of Earth and Space Exploration at Arizona State University. Rice, who is on the rover’s...

Strong service sector means no relief over eurozone inflation in June

Published Tue, 25 Feb 2025 11:19:02 GMT

Underlying inflation in the eurozone accelerated in June, with fresh evidence that labor-intensive services are now the biggest headache for the European Central Bank.While monthly headline inflation dropped to 5.5 percent from 6.1 percent in May, core inflation, which excludes volatile food and energy prices, rose to 5.4 percent from 5.3 percent. Prices for services, which form the largest part of the economy, rose 0.6 percent on the month. According to figures released on Friday by Eurostat, they were the only major component of the index that accelerated, but they did so by enough to completely offset slowing food inflation and absolute falls in energy prices. Falling energy prices, which were down 5.6 percent on the year in June, have brought headline inflation down from a peak of 10.6 percent in November. Food price inflation, which peaked at over 15 percent in March, also remains a problem. Prices for food, alcohol and tobacco rose 0.4 percent and were up 11.7 percent from a y...

Dutch slap new restrictions on chips exports to China

Published Tue, 25 Feb 2025 11:19:02 GMT

The Netherlands imposed new export controls on microchips technology on Friday, restricting the sales of Dutch manufacturer ASML’s advanced chips machinery to China.ASML will have to seek export licenses for some of its more advanced microchip printing machines from September onward, new rules published Friday said. The firm is one of the few suppliers globally that manufactures these advanced printers. The Dutch industry giant has been a target of Washington’s campaign to stop cutting-edge microchip technology from ending up in China. The Netherlands agreed in January to curb the sale of some of ASML’s gear to China, in a political deal with the U.S. and Japan.The Hague’s move to curb tech exports comes as the European Union is rolling out a strategy to stop other blocs from weaponizing global supply chains against Europe’s interests. EU leaders are meeting in Brussels on Thursday and Friday to discuss the bloc’s economic reliance on China. The E...

Dighton police chief among 5 charged in insider trading scheme

Published Tue, 25 Feb 2025 11:19:02 GMT

Dighton’s police chief and a reserve officer are on paid administrative leave after they were among five people charged with federal insider trading charges.Dighton Police Chief Shawn Cronin was allegedly tipped off to the impending merger of two pharmaceutical companies and with that information, he and others made stock trades that earned them more than $2.3 million in ill-gotten gains, according to the federal complaint. Cronin allegedly received $72,000.He was placed on paid administrative leave during an emergency meeting Thursday night.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Motorists should prepare for traffic delays as holiday weekend travel gets underway

Published Tue, 25 Feb 2025 11:19:02 GMT

If you’re traveling for the holiday weekend, it would be wise to leave early and prepare for delays.Americans are expected to set a record for holiday travel this weekend, and some 1.2 million Massachusetts residents will hit the roads.Friday is expected to be the worst travel day, with a peak expected for travelers to the Cape around 11 a.m.AAA suggests travelers hit the road before 10 a.m. or after 6 p.m.Stay with 7NEWS on-air and online for the latest travel updates.

Nice Start to the Holiday Weekend

Published Tue, 25 Feb 2025 11:19:02 GMT

The holiday weekend is off to a fantastic start! We’ll have a beautiful summer day today with partly cloudy skies and warm temperatures. The blue sky between the clouds might be more of a filtered blue with some very high level wildfire smoke but other than muting our blue skies it really won’t have an impact for us today. There’s also the chance (incredibly small chance) of an isolated shower. It’s much like yesterday when most of us had no idea that one or two showers popped up. If you got underneath one, it was just a very quick light shower and you were able to carry on with your day. That’s the chance that’s back today.The forecast will get a little more unsettled as the holiday weekend rolls on. Even though the rain chances will go up, the temperatures won’t fluctuate much. So the good news is we will have warm air all the way through the 4th. There’s a small spot shower chance both Friday and Saturday, a 10% chance each day. Sun...