Bloomberg Business

US Consumer Prices Are Seen Staying Firm, Testing the Fed

US inflation was largely unwavering in March, with economists projecting a monthly increase in consumer prices on par with advances seen over the previous half year that will test the Federal Reserve’s mettle.

Iran Vows to Prosecute Women, Close Businesses That Shun Hijab

Iranian women will be prosecuted and businesses could risk being shut for failing to observe the country’s hijab rules, Iran’s police chief said, escalating the regime’s crackdown on dissent against mandatory head scarves.

Abortion Pill to Be Blocked Nationwide Under Judge’s Order

A Republican-appointed federal judge in Texas issued an order suspending the US government’s decades-old approval of a key drug used in medication abortion, initiating a process that could block access to the pill nationwide in a week.

OPEC+ Shock Revives Oil Bulls Even as Demand Warnings Flash

OPEC+’s surprise oil-production cut sent shock waves through financial markets and pushed crude prices up by the most in a year. Now that the dust has started to settle, one question looms large: Will that price rally stick, or fade away?

Estonian PM Vows More Defense Spending in New Ruling Coalition

Estonian Prime Minister Kaja Kallas vowed higher defense spending after finalizing a deal for a new governing coalition following her victory in last month’s elections, extending her tenure as one of Europe’s most ardent backers of Ukraine in its fight against Russia.

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