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.

Bank of England to Raise Rates to Counteract Inflation: Poll
LONDON — The Bank of England looks set to hike borrowing costs by another 50 basis points next week,...

US Freight Railroads Prepare for Potential Strike Disruption
LOS ANGELES (Reuters) - Major U.S. freight railroads said on Friday they were preparing for a possible...

China’s Trade Falters as Demand Wanes at Home and Abroad
BEIJING — China's exports and imports lost momentum in August with growth significantly missing forecasts...

Europe Heading for Recession as Cost of Living Crisis Deepens
The euro zone is almost certainly entering a recession, with surveys released on Monday, Sept. 5 showing...

Japan Sees Spending Growth Despite Looming Inflation
Japan's household spending grew for a second straight month in July despite a resurgence in COVID-19...

Curtains Drawing on Runaway Rise in Global Housing Prices: Poll
A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost...

German Economy Likely Already in a Recession, Will Last Three Quarters: Reuters Poll
The German economy is on track to contract for three consecutive quarters starting from this one, according...

Fed’s Powell: ‘Pain’ of tight policy, slow growth needed ‘for some time’ to beat inflation
The U.S. economy will need tight monetary policy "for some time" before inflation is under control, a...

California Board Votes to Phase Out Gasoline-only Cars in State by 2035
The California Air Resources Board (CARB) voted Thursday (August 25) to adopt sweeping regulations to...