Inflation measure closely tracked by US Fed rose in April
Despite rising prices consumer spending remained buoyant but high inflation complicates Fed’s interest rate decisions.
Year: 2023
As China and the U.S. redefine geopolitics, Europe faces a win-win situation
European officials have preferred to take a softer approach to Beijing than that of the…
Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
The core personal consumption expenditures price index was expected to increase 0.3% in April, according…
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023,…
Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
The core personal consumption expenditures price index was expected to increase 0.3% in April, according…
Fintech firm Klarna halves net loss in first quarter as it races toward profitability
The results show that Klarna is making “significant strides” toward profitability on a monthly basis…
French riot police fire tear gas at climate protesters outside TotalEnergies shareholder meeting
French police on Friday fired tear gas at climate activists who tried to prevent the…
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023,…
China’s gambling hub opens $2 billion resort with a giant copy of London’s Big Ben
Macao — often referred to as the Las Vegas of Asia — has added yet…
Pakistan slaps travel ban on ex-PM Imran Khan amid row with army
FIA bans Khan, his wife and hundreds of PTI leaders from travelling abroad amid standoff with…
Climbers to mark 70 years of Everest summit amid climate concerns
Conditions on the peak raise concerns for mountaineering community and people whose livelihoods depend on…
As China and the U.S. redefine geopolitics, Europe faces a win-win situation
European officials have preferred to take a softer approach to Beijing than that of the…
Peruvian police seize cocaine bricks wrapped in Nazi insignia
Police found 58kg of cocaine bearing the Nazi flag and imprinted with the name of…
Man arrested in Japan after four killed in rare gun, knife attack
The suspect was arrested after he barricaded himself inside a building in a 12 hour…
Russia-Ukraine war: List of key events, day 457
As the war enters its 457th day, we take a look at the main developments.
In a changed Indonesia, some fear a ‘backlash’ against freedoms
Indonesia has changed significantly since Soeharto resigned 25 years ago but activists say new threats…
Elon Musk’s brain implant company Neuralink announces FDA approval of in-human clinical study
The implant, which Neuralink calls the “Link,” aims to help patients with severe paralysis control…
Amazon’s air cargo head changes jobs, will now oversee workplace-safety unit
Sarah Rhoads, who joined Amazon in 2011, has become one of Amazon’s top logistics executives…
US accuses Wagner Group of supplying missiles to Sudan’s RSF
Washington warns that the Russian mercenary group is prolonging the conflict and causing ‘further chaos’…
Debt ceiling talks enter crunch time as negotiators get closer to a deal
President Joe Biden sounded a cautiously optimistic note that debt ceiling talks would yield a…
