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ECONOMICS

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...
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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...
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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...
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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...
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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...