UK investment bank Peel Hunt suggests food inflation could near 4% by the end of 2025 as supermarkets react to cost pressures arising from Labour’s budget in October.
Analysts say the Los Angeles fires along with the state's new reform plan, could raise insurance premiums by 40% on average, and up to 100% or more in fire-prone areas.
The International Longshoremen's Association union and the U.S. Maritime Alliance of ports and shipping companies still must ratify the six-year contract.