Annual inflation moderated across US regions last month, mostly because the figures compared with March 2022, when energy prices spiked immediately after Russia’s invasion of Ukraine. Consumer prices rose at the slowest pace in New England, with a 3.6% gain from the previous year, and in parts of the Midwest. Mountain states in the West — an area that includes Arizona and Colorado — once again saw the highest inflation of all regions, at 6%.
India’s retail inflation fell within the central bank’s target range for the first time in three months as a series of interest rate increases since last year slowed demand in Asia’s third largest economy.
Diamondback Energy Inc. is looking to sell non-core assets in the western Permian Basin as the oil producer looks to cash in on an increasingly active deal market in US shale.
Almost one in four British parents have quit their jobs or education because of the cost of child care, according to a survey released on Wednesday.
The handling of a workplace romance and a claim of discriminatory salary practices are at the center of an employment lawsuit against Norway’s sovereign wealth fund.
Prime Minister Rishi Sunak said he’s “keen” to reach a deal with junior doctors in England to resolve a dispute over pay and end a series of damaging strikes in the National Health Service.
South Africa’s political climate is the most uncertain since the end of the apartheid era, with investors acutely concerned about a potential coalition between the governing party and a leftist group after next year’s elections, Investec Bank Ltd.’s chief executive officer said.
The US, China and other major economies need to do more to address debt levels that are set to rise to near-record highs in five years, limiting nations’ ability to respond to future crises, the International Monetary Fund warned.
National CineMedia filed for bankruptcy, the latest casualty of declining audiences at movie theaters that saw its business further imperiled when Cineworld Group Plc sought court protection last year.
Warren Buffett said more US banks are likely to fail, but depositors should be confident they won’t lose any of their funds.
