Britain’s rail network was snarled by another mass strike Friday, with the biggest train drivers’ union warning that more industrial action could be announced if talks next week don’t lead to a breakthrough.
Turkey’s consumer inflation slowed less than forecast, even as months of deceleration are emboldening policymakers to consider interest-rate cuts ahead of approaching elections.
The Bank of England said workforce drop-outs have become an economic dead weight that has left the UK facing its bleakest outlook in generations.
China urged the US to stay “cool headed,” as Beijing looks into Biden administration claims that a Chinese spy balloon was flying over American territory near sensitive military facilities.
A creditor group of Sri Lanka’s dollar bondholders has written to the International Monetary Fund expressing their willingness to engage in quick debt restructuring talks with the island nation.
Japan’s state pension fund, the world’s largest, posted a fourth straight quarterly loss in its longest losing streak in two decades.
Talk of China’s long-delayed plans to hike the retirement age went viral Friday, with a flood of negative comments underscoring how sensitive and unpopular the proposal is.
India’s opposition stepped up pressure on Prime Minister Narendra Modi over his links with tycoon Gautam Adani and both houses of parliament were adjourned for a second day over raucous demands for a parliamentary investigation in the stock rout in his companies.
Bullish markets are increasingly pricing in a second-half reversal of the global monetary tightening wave, making it tougher for central bankers to vanquish inflation once and for all.
At least 200 financial institutions around the world have had exposure to Adani Group’s $8 billion in dollar bonds, most of which slid into distress after a short-seller’s fraud allegations unleashed financial turmoil.
