Autor: Jane Austen

(Bloomberg) — Turkey’s annual inflation probably eased to 41.2% at the start of the year, giving policymakers reassurance as they push forward with interest-rate cuts. Most Read from Bloomberg Annual growth in consumer prices is projected to slow in January from a 44.4% reading the month before, according to the median forecast in a Bloomberg survey of analysts. The data is scheduled to be released on Monday at 10 a.m. local time. The central bank lowered borrowing costs in January for the second straight month and signaled similar moves will follow. The one-week repo rate dropped 250 basis points to…

Photo: Jim Allen – FreightWaves Chart of the Week: Spot (linehaul) to contract rate spread with spot fuel base at $1.20 – USA SONAR: RATES12.USA The gap between dry van truckload contract and spot rates (excluding estimated fuel costs comparable to a standard fuel surcharge) has been steadily shrinking the past two and a half years. This near-linear trend is primarily driven by a continuous reduction in capacity paired with slow, yet remarkably consistent, demand growth — so subtle that it has been barely perceptible to market participants. Describing the shift in truckload capacity as “slow tightening” may not be entirely accurate. Instead,…

The National Payments Corporation of India (NPCI) issued a new notification earlier this month announcing new compliance guidelines. The new rules are aimed at all the members of the Unified Payments Interface (UPI), and state that any transaction identifier (ID) that contains special characters will be declined starting February 1. The notification is aimed at ensuring compliance with the technical specifications of UPI that were first implemented in March 2024. This means UPI platforms that continue to issue special characters in the transaction ID will witness a high volume of failures.NPCI Issues New Compliance Guideline for UPI PlatformsIn a notification…

(Bloomberg) — The US labor market probably kicked off 2025 with another month of solid growth, while highly anticipated annual revisions are likely to showcase a noticeably more moderate pace of hiring over the past few years. Most Read from Bloomberg Payrolls increased by 170,000 in January after larger advances over the prior two months, when the labor market was recovering from the impacts of hurricanes and a major strike, according to the median projection of economists surveyed by Bloomberg. The monthly jobs report on Friday will also include annual revisions from the Bureau of Labor Statistics. The agency will…

(Refiles to remove repeated alerts at top of text) By Aditya Kalra, Arpan Chaturvedi and Aditi Shah NEW DELHI (Reuters) -Volkswagen has sued Indian authorities to quash an «impossibly enormous» tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi’s import taxation rules for car parts and will hamper the company’s business plans, court papers show. Volkswagen’s unit, Skoda Auto Volkswagen India, also told the High Court in Mumbai the tax dispute puts at risk its investments of $1.5 billion in India, and is detrimental to the foreign investment climate, according to the 105-page filing which is…

Threads has finally updated its apps for iPhone and Android smartphones with a dedicated media tab. The Meta-owned microblogging platform finally supports a dedicated tab that shows photos and videos uploaded by a user on their profile. Meanwhile, users will be able to use a newly announced markup feature that allows them to highlight parts of another user’s post, while reposting it to their followers. Threads will also allow people to tag other users while sharing photos, just like Instagram.Threads Markup Feature Rollout Expands WidelyUntil now, Threads users had to scroll through a person’s timeline to see all the photos…

The US Securities and Exchange Commission on Thursday approved part of an application for a novel exchange-traded fund that would track the two largest cryptocurrencies.The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The structure of the fund will be similar to existing ETFs that hold either Bitcoin or Ether directly.The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading. The Bitwise fund still needs an approval for its…

By Shariq Khan NEW YORK (Reuters) -U.S. consumers will see higher prices at the gas pump from President Donald Trump’s decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders. The likely hike in fuel prices reflects the double-edged nature of Trump’s trade protections which are designed to bolster domestic business and pressure U.S. neighbors to curb illegal immigration and drug smuggling, but which will also run counter to his promises to tackle inflation. The U.S. imports some 4 million barrels per day of Canadian oil, 70% of which is processed by refiners…

OKLAHOMA CITY (AP) — On the edge of a thriving downtown dotted with luxury hotels and trendy restaurants is a more than 100-year-old relic of Oklahoma City’s western heritage: One of the world’s largest cattle stockyards. But maybe not for much longer. The Oklahoma National Stockyards — the last big-city stockyard in the U.S. — is for sale. The $27 million price tag includes 100 acres (40 hectares) of prime property along the Oklahoma River in a growing city of roughly 700,000 residents, where a state-of-the-art NBA arena is set to break ground and a developer is pushing plans for…

Indiana Jones and the Great Circle has hit over four million players, Microsoft confirmed Wednesday at its second quarter earnings call for FY 2025. The action-adventure title from developer MachineGames released on PC and Xbox Series S/X in December 2024. The game is also set to arrive on PlayStation 5 later this year. Indiana Jones and the Great Circle is based on Lucasfilm’s Indiana Jones film franchise.Indiana Jones and the Great Circle Player NumbersMicrosoft CEO Satya Nadella confirmed the player numbers for the game to investors at the company’s second quarter earnings call. “And we saw rave reviews of Indiana…