Cost of living

US recession risks begin to rise as war dims economic outlook

Several firms say inflation will now be closer to 3% this year than 2%, eating into disposable incomes and keeping a lid on hiring

Germany will limit price changes at gas stations to once per day, its economy minister says on Wednesday.

From food to petrol, Europe seeks to tame Iran price shock

European gas prices are up around 50% since the conflict started and oil prices are around 25% higher

Trump is facing political pressure to address rising fuel prices that have been driven up by the spike in oil prices.

Trump signals US will tap oil reserve to ease price shock

The Strategic Petroleum Reserve currently contains about 415 million barrels

The focus lately has shifted decisively towards cost-of-living relief. Transfers for households take the form of, for example, GST vouchers.

Singapore’s special transfers expenditure: a strategic fiscal approach to resource allocation

The mechanism behind this spending shows how institutional design can balance short-term responsiveness with long-term discipline

Maybank Singapore employs more than 2,000 staff in the Republic.

More than 800 Maybank Singapore junior staff to receive one-off payouts

The individual quantum is more than double the amount given in earlier years

Master money thinking and strengthen your financial base so you can invest, save and build wealth beyond income growth.

How Budget 2026 should affect Singaporean wallets

A wake-up call for early careerists, aspiring parents and middle-class professionals to master personal finance

Surveys repeatedly show Australians fear they won’t have enough money to retire comfortably.

The price of retiring in Australia jumps as cost of living bites

For singles, the target has climbed from A$35,000 to A$630,000

Economists project the labour market will largely remain stagnant this year with limited job opportunities, though they do not anticipate widespread layoffs.

US consumer confidence plummets to lowest level since 2014

Fewer Americans expect their incomes to rise in the coming months

 Currently, Japan applies an 8% tax on most purchases of food and non-alcoholic beverages, compared with a standard consumption tax rate of 10%.

Japan tax cut for food purchases in focus as election approaches

Soaring food costs are a key component driving broader inflation higher

A Westpac-Melbourne Institute survey showed its main index of consumer sentiment fell 1.7 per cent to 92.9 in January, after tumbling 9 per cent the month before.

Australia consumer sentiment stuck in the doldrums amid rate jitters

[SYDNEY] Australia’s consumer sentiment slipped in January as households wrestled with renewed rate jitters and an uncertain economic outlook, a private survey showed on Tuesday.