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Shells, significantly the Kina and Toea, were not only mediums of trade but in addition symbols of wealth, social standing, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash also represented social standing, and it was utilized in marriages, deaths, and different vital ceremonies and events,” Genia defined. The arrival of colonisers marked a turning level in the nation’s financial historical past, leading to the introduction of up to date currencies on 19 April 1975.

September 11, 2024 • Consumer prices in August have been up 2.5% from a yr in the past — the smallest annual improve since February 2021. Falling inflation clears the way for the Federal Reserve to begin cutting interest rates next week — probably by a quarter proportion point. U.S. shopper costs elevated Business News modestly in August, continuing a pattern of slowing inflation that has brought the annual price to its lowest degree since February 2021. According to the latest information from the Bureau of Labor Statistics, the Consumer Price Index rose by zero.2% for the month, consistent with expectations, and the annual inflation fee eased to 2.5%, down from 2.9% in July.

Asia: Markets Battle To Match Wall Avenue Rally Forward Of Us Inflation

A New York Federal Reserve survey published on Monday discovered that many American customers expect inflation to remain abnormally excessive within the coming years. The upcoming model of Apple’s smartwatch could have a larger show and a quantity of new features, the tech giant introduced Monday throughout its “Glowtime” occasion. Apple’s subsequent era of AirPods Pro presents a listening to aid feature for users with gentle to moderate listening to loss, which could presumably be a game changer for some users. Voters are centered on the financial system as Election Day on Nov. 5 approaches and American households proceed to face strained budgets because of inflationary pressures in latest times. This service could embody materials from Agence France-Presse , APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and can’t be reproduced. We acknowledge Aboriginal and Torres Strait Islander peoples because the First Australians and Traditional Custodians of the lands where we reside, learn, and work.