Coordinated or not ahead of this month's G7 summit, global central banks are accelerating interest rate hikes but also actively draining the giant pool of cash swilling around world markets and buoying currencies to stymie imported inflation.
China launches third aircraft carrier in major military milestone
Japan's yen is at its weakest in decades and inflicting high costs of imported food and fuel on households and businesses, but also proving to be an unexpected tailwind for multinationals such as pharmaceutical giant Takeda.
Global central bankers, who shared the limelight for skirting a pandemic-driven depression with quick action two years ago, are now stumbling through the aftermath as they try to quell an inflation surge none predicted or have been able to forestall.
Spain's Santander named Hector Grisi as its new chief executive officer, replacing long-time executive Jose Antonio Alvarez, the bank said on Friday.
Spain's Santander named Hector Grisi as its new chief executive officer to oversee the bank's digital transformation and growth strategy through the global economic uncertainty that is rattling the whole industry.
RIP Internet Explorer: South Korean engineer's browser 'grave' goes viral
'The power of cannabis': Japan embraces CBD despite drug taboo
Stocks waver, oil prices fall on recession fears
Drawing a beer: the artist sketching every London pub
The recalls affect Walgreens and Kroger brand acetaminophen over-the-counter pills.
Putin's health: pivotal yet shrouded in uncertainty
The World Trade Organization agreed on the first change to global trading rules in years on Friday as well as a deal to boost the supply of COVID-19 vaccines in a series of pledges that were heavy on compromise.
The World Trade Organization's 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five gruelling days of negotiations.
'Lightyear' makers unfazed by bans in places with 'backward beliefs'
Garuda Indonesia's proposal for restructuring its more than $9 billion debt won the approval on Friday from the vast majority of the airline's creditors, court officials said, staving off the risk of bankruptcy at the embattled flag carrier.
Garuda Indonesia's proposal for restructuring its more than $9 billion of debt won the approval on Friday from the vast majority of the airline's creditors, officials said, staving off the risk of bankruptcy at the embattled flag carrier.
Garuda Indonesia's creditors including Britain's Rolls-Royce and European planemaker Airbus are voting on Friday on an over $9 billion debt restructuring proposal, with the carrier confident of winning enough backing to move forward.
Volkswagen AG's top U.S. executive said on Thursday the United States faces major challenges in ramping up battery production to facilitate a shift to electric vehicles including attracting skilled workers, mining for key metals and supply chain issues.
Ferrari plans to unveil its first fully electric vehicle by 2025 and make its offerings make up only 20% combustion engines.
U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace sanctioned Russian oil.
Trump unleashed mob after VP rejected election plot: probe
Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.
Recreational vehicle renters in the U.S. are planning trips closer to home or having fuel-gulping motor homes delivered to their final destination in an effort to cut down on fuel costs as travel remains a top priority even during record inflation.
Investors in May pulled $3.5 billion from U.S. mutual funds using environmental, social and governance (ESG) factors, researcher Morningstar Inc said on Thursday, a break with years of net new deposits.
US baby formula plant again halts production due to flooding
President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.
President Joe Biden on Thursday plans to sign legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.
In 2021, Costco sold 106 million rotisserie chickens at its stores and has been committed to keeping the price at $4.99 since 2009.
Is recession the only way out of US inflation scourge?
