If Prime Minister Rishi Sunak thought inflation would drop away quickly this year, delivering an easy victory in the build-up to the election expected in 2024, Wednesday’s data was a rude awakening.
Turkey’s central bank asked some local lenders this week to step in and buy the country’s dollar bonds, the latest effort to provide a backstop to private markets as pressure builds before a presidential runoff election on Sunday.
The latest climbing season on Mount Everest, the world’s highest peak, is set to become one of the deadliest ever, raising questions about whether Nepal is issuing too many permits to maximize tourist dollars.
An incident involving three Cathay Pacific Airways Ltd. cabin crew making “inappropriate comments” about customers on a recent flight has set back the airline’s recovery and caused significant damage to its image, as well as Hong Kong’s, the carrier’s chief executive officer told employees.
Indonesia’s central bank kept its benchmark interest rate unchanged for a fourth straight meeting, while saying it will focus on its primary objective of stabilizing the rupiah to keep imported inflation at bay.
Sweden’s residential property market saw construction levels falling more than half in the first quarter as one of the world’s worst real estate routs continues to gather steam.
A Montenegrin court revoked a bail application from former crypto mogul and Terraform Labs co-founder Do Kwon, keeping him in jail.
China’s muted economic rebound and Beijing’s reluctance to deploy large-scale stimulus are reverberating around the globe, crushing commodity prices and weakening equity markets.
Billionaire mining investor Robert Friedland said the tumble in copper prices is a temporary setback and the metal that’s essential for the decarbonization of the global economy continues to face a supply crisis.
PricewaterhouseCoopers’ Australia unit has moved to prevent staff who knew about tax leaks from working on current or future contracts involving the government amid a parliamentary hearing over the scandal and the start of a police investigation.
