ECONOMICS

The "cost of living crisis" has replaced "weather extremes" as the most urgent issue the world will have to deal with in the coming decade, per the annual WEF meeting. About a week before their convention in Davos, Switzerland, on Jan. 11, WEF members released the Global Risks Report 2023.

Brazil’s Central Bank Chief Says Fiscal Prudence Crucial Amid Political Protests and Inflation
BRASILIA, BRAZIL — Brazil's central bank chief Roberto Campos Neto emphatically defended the need for...

Oil Prices Fall 2.5% Amid ‘Zero-COVID’ Worries and Unstable Supply Chains
NEW YORK — Oil prices sank by more than $2 a barrel on Wednesday, Nov. 9 after industry data showed that...

Japan Household Spending Extends Growth in September on Economic Reopening
By Kantaro Komiya TOKYO - Japanese households ramped up spending in September from a year earlier...

Chinese Economic ‘Pivot’ Could Seek to Take Advantage of High US Interest Rates: Reuters
By Jamie McGeever What the Fed taketh away, China could be about to giveth back. Speculation is...

Brazil’s Bolsonaro Maintains Silence Following Lula’s Election Victory
SAO PAULO/BRASILIA — President Jair Bolsonaro had yet to concede defeat in Brazil's presidential election...

Trade Deficit for US Goods Widens as Home Sales and Imports Dwindle
WASHINGTON (Reuters) — The U.S. trade deficit in goods widened sharply in September, likely as a strong...

Nasdaq Wanes Amid Weak Big Tech Earnings
(Reuters) — The Nasdaq index fell on Wednesday, Oct. 26 as disappointing results and warnings from Microsoft...

US Consumers Confidence Ebbs as Housing Prices Slow
WASHINGTON (Reuters) — U.S. consumer confidence ebbed in October after two straight monthly increases...

US Fiscal Budget Deficit Halves to $1.375 Trillion Despite Student Loan Costs
WASHINGTON (Reuters) — The U.S. government revealed on Friday, Oct. 21 that its fiscal 2022 budget deficit...