BUSINESS

EU To Propose Crisis Measures To Curb Energy Price Spike

European Commission President Ursula von der Leyen attends a news conference on energy crisis, in Brussels
The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc, in a package designed to shield citizens and businesses from surging energy prices.
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A factory area is seen in front of Mount Fuji in Yokohama

Japan's Machinery Orders Post Surprise Gains In July

Japan's core machinery orders extended gains in July, raising hopes business growth spending may offset near-term headwinds from a global economic slowdown and a weaker yen, which has pushed up costs at home.
U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken

Dollar Steadies As Eyes Turn To U.S. Inflation Data

The dollar nursed losses on Tuesday ahead of U.S. inflation data that investors hope might show some signs of softening, while the euro rose on hawkish comments from policymakers that rates would need to increase further.

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