The recovery in China’s consumer spending has been “rapid” since the country reopened, the economic planning agency said, a rebound that’s also prompted banks like UBS Group AG to upgrade growth forecasts into next year.
Crypto exchange Bybit is suspending US dollar-denominated deposits and withdrawals via bank transfers, including SWIFT payments.
Swiss inflation unexpectedly accelerated last month, suggesting the central bank will need to continue hiking borrowing costs.
Estonian Prime Minister Kaja Kallas scored a commanding election victory as she fended off a challenge from a far-right party that targeted her support for Ukraine and soaring inflation.
Indonesia will offer incentives to entice 200,000 people to switch to electric motorbikes as part of a push to have 10% of the population using green vehicles by next year.
(Bloomberg) — The European Central Bank must keep in mind that inflation has fallen short of its own forecasts when setting the pace of interest rate increases, according to Governing Council member Mario Centeno.
A suicide bomber attacked Pakistan’s paramilitary forces killing 9 troops in Southwest Balochistan province in escalation of violence in the past year.
The dollar’s recovery from a 10-month low has run into a speed bump, with the rally in the currency trailing behind the sizzling surge in Treasury yields.
Spain’s government will seek to pass a gender parity law making it mandatory for corporate boards to be composed of at least 40% women. A similar quota will be imposed on the government Cabinet.
It took Shein a decade to catch up to Inditex SA’s Zara as the world’s top fast-fashion retailer. Now, a new online upstart wants to surpass Shein — at least on one important measure — within a year.
