The Federal Reserve’s preferred inflation measures eased in November while consumer spending stagnated, suggesting the central bank’s interest-rate hikes are helping to cool both price pressures and broader demand — with more tightening on the way.
Elon Musk’s Twitter Inc. risks massive fines after its top privacy regulator in the European Union opened a probe into reports of a suspected data breach that compromised the personal details of 5.4 million users last year.
Argentina’s President Alberto Fernandez pledged to disobey a Supreme Court order to return funding to the government of the opposition-controlled city of Buenos Aires, sparking an institutional crisis and capping off a week of political setbacks.
President Joe Biden signed the annual defense policy bill that lifts the Pentagon’s Covid vaccine mandate for service members in a victory for Republican lawmakers who had sought to undo the requirement.
Six years of former President Donald Trump’s tax returns won’t be released until after the Christmas holiday, according to the House committee that is reviewing the documents.
Canada’s economy showed signs of resilience toward the end of the year, potentially bolstering the case for the central bank to continue raising borrowing costs.
Founders Prannoy Roy and Radhika Roy will sell bulk of their shareholding in New Delhi Television Ltd. to a firm controlled by the Adani Group, giving the conglomerate a majority control in the broadcaster and capping a months-long hostile takeover that had triggered concerns around freedom of press.
George Cohen, a member of England’s 1966 World Cup winning team who spent his entire professional career at Fulham FC, has died. He was 83.
Nurses and ambulance workers will strike again next month as unions and the UK government refuse to back down in a row over pay.
Nestle SA Chief Financial Officer Francois-Xavier Roger foresees a challenging six months before inflation starts to ease in the second half of 2023.
