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.

How the Biden Admin Could Restrict Independent Contractors: Explainer
The U.S. Department of Labor is expected to unveil a proposed rule in coming weeks that would make it...

Europe’s Steel Makers Fear Deepening Crisis From Energy Crunch as Output Halted
GENK, Belgium — Spiraling energy costs have forced steel makers to cut output across Europe, threatening...

Fed Officials Stare Down Markets, Say Inflation is Top Focus
WASHINGTON (Reuters) — U.S. Federal Reserve officials on Monday, Sept. 26 sloughed off rising volatility...

Japan’s Average Land Prices Rise First Since Pre-Pandemic: Govt. Report
TOKYO — Japanese land prices rose in the 12 months to July 1 for the first time since before the pandemic...

US Home Sales Drop for 7th Straight Month, House Price Growth Cooling
WASHINGTON — U.S. existing home sales dropped for a seventh straight month in August as affordability...

Japan’s Inflation Levels Hit 8-year High, Staying Above BOJ’s Target
TOKYO — Japan's core consumer inflation quickened to 2.8 percent in August, hitting its fastest annual...

Kuehne Raises Lufthansa Stake to 17.5% as Germany Sells Remaining Shares
BERLIN/ZURICH — Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%...

UBS To Boost Dividend, Sees Buybacks Above 2022 Target
ZURICH — UBS Group plans to increase its dividend by 10 percent and expects 2022 share repurchases to...

IMF’s Georgieva Says Central Bankers Must Be ‘Stubborn’ in Fighting Inflation
WASHINGTON — Central bankers must be persistent in fighting broad-based inflation, International Monetary...