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Constellation Brands beat earnings expectations as its beer division gained market share, but softening consumer demand and economic pressures pose ongoing challenges for the beer industry.
Robert Hall and Michael Woodford won this year’s Nobel Prize in economics for work on microeconomic foundations of macroeconomic stabilization, a framework that helped revive Keynesian economics theory.
US inflation rose to 3.7% in September, the highest rate since May, driven largely by energy prices amid Middle East tensions. The report arrives weeks before midterm elections as Americans cite cost of living as a top concern.
Australia’s unemployment rate reached 4.7% in September, the highest in nearly five years, after the economy unexpectedly lost 39,300 jobs, reducing prospects for another Reserve Bank interest rate increase.
Northern Ireland’s Real Living Wage is increasing, providing pay raises for thousands of workers across the region, according to recent announcements.
The UK economy grew 0.1% in August, defying forecasts of contraction, prompting Chancellor John Healey to describe the performance as a sign of resilience ahead of his first Budget in two weeks.
