South Korea's economy will grow at its slowest pace in three years in 2022, as the world faces supply bottlenecks, surging inflation and rapidly rising interest rates, the finance ministry said on Thursday.
As commodities - from crude oil to sunflower oil - remain in short supply, Britain's Unilever has changed the ingredient makeup for some of its products like deodorants and packaged food to cut costs and mitigate supply constraints.
Russia, supported by Belarus, Central African Republic, Kyrgyzstan and Mali, has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead of an international conflict diamond meeting in Botswana, letters seen by Reuters show.
Bearish bets on several Asian currencies hit a record high in the face of rising U.S.
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China's state planner said on Thursday it had approved 10 fixed-asset investments worth 121 billion yuan ($18.1 billion) in May, a more than six-fold jump from April, as policymakers seek to get economic growth back on track after a COVID-induced slump.
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World stocks fell on Thursday and the dollar regained its footing on concerns over the impact of surging inflation and an aggressive policy tightening outlook from global central banks.
Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a hefty U.S.
Australian employment rebounded strongly in May while the jobless rate held at 50-year lows as more people went looking for work, an encouraging sign the economy can withstand the higher interest rates needed to contain runaway inflation.
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China's May new home prices fell for the second month this year, official data showed on Thursday, depressed by still fragile demand as widespread COVID-19 curbs dented already weak buyer confidence in the property market.
The Swiss franc soared on Thursday after the Swiss National Bank (SNB) delivered a surprise interest rate hike, triggering its biggest daily jump against the euro since the central bank ditched its currency peg in 2015.
The Swiss franc soared on Thursday after the Swiss National Bank delivered a surprise interest rate hike, triggering its biggest daily jump against the euro since the central bank ditched its currency peg in 2015.
The Swiss franc jumped on Thursday against the euro and the dollar after the Swiss National Bank raised its policy interest rate for the first time in 15 years.
Three competing plans to curb companies from exaggerating their green credentials could lead to more frustration and costs for businesses, especially starting next year.
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Japan ran its biggest single-month trade deficit in more than eight years in May as high commodity prices and declines in the yen swelled imports, clouding the country's economic outlook.
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Britons cancelled over 1 million music subscriptions in the first quarter as a worsening cost of living crisis forced them to make savings, industry data showed on Thursday.
The Bank of England stuck to its gradual increases in interest rates on Thursday, as other central banks took more urgent action, but said it was ready to act "forcefully" if needed to stamp out dangers posed by inflation it now sees topping 11%.
Brazil's central bank on Wednesday raised interest rates by 50 basis points, in line with prevailing market expectations, and signaled an upcoming increase of the same size or smaller, extending an aggressive tightening cycle.
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The Federal Communications Commission (FCC) told Congress on Wednesday it had found deficiencies in two-thirds of applications to reimburse U.S.
Unilever Plc was sued on Wednesday by a U.S. shareholder who said the company mishandled the decision by its Ben & Jerry's unit to stop selling ice cream in Israeli-occupied Palestinian territories.
Microsoft puts an end to Internet Explorer as more modern web browsers take its place.
US panel recommends Covid vaccines for youngest children
General Motors will invest $81 million to build its future Cadillac Celestiq electric flagship sedan at GM's Warren Technical Center, the company said on Wednesday.
Ecuador Indigenous leader freed, protests unabated
