ECONOMY

An upside down world of "reverse currency wars" is seeping into the real one.

Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch.

The U.S. Federal Reserve will release the results of its annual bank health checks on Thursday.

Sanctioned Russia becomes China's main source of oil

Japan's government bond market is being pushed to breaking point in a contest between foreign speculators and the Bank of Japan, creating challenges for loan pricing and bond sales and raising the prospect of government financing tangles down the track.

The pound slumped one percent against the dollar following the announcement, one day after the Federal Reserve hiked US interest rates far more aggressively to fight runaway consumer prices in the world's biggest economy.

Tax cuts are likely to cost over 110 billion reais ($21.5 billion) in Brazilian tax revenue this year, as President Jair Bolsonaro tries to ease inflation and spur the economy in an election year despite economists' warnings of blowback in 2023.

EU signs gas deal with Egypt, Israel to end 'dependency' on Russia

Britain's jobless rate rose for the first time since late 2020 and other measures of the country's hot labour market cooled, potentially easing inflation worries at the Bank of England which is due to raise rates again this week.

Federal Reserve Chair Jerome Powell used his first four years as the world's top central banker to reshape U.S.

Britain's economy unexpectedly shrank in April, official figures showed on Monday, adding to fears of a sharp slowdown just three days before the Bank of England announces the scale of its latest interest rate response to the surge in inflation.

Japan's government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency which has sunk to 20-year lows.

Construction of new homes in Britain almost ground to a halt last month as builders feared the cost-of-living squeeze and rising interest rates would constrain demand, a closely watched survey showed on Wednesday.

British shoppers facing a surge in inflation cut their spending in May by the most since the country was in a coronavirus lockdown in early 2021, according to a survey published on Tuesday.

Sri Lanka is running out of almost all basic amenities such as food and fuel due to the current economic crisis. The doctors in the country have said that they are now running out of medicines too.

The economic crisis faced by Sri Lanka is only worsening with each passing day, the country has now cancelled school exams for millions of students as it has run out of printing paper and ink

Wyoming has a long standing as an attractive state for business by Americans and international business folk alike.

The OECD urged monetary policymakers to "communicate clearly" about how far they will tolerate inflation exceeding their targets.

Trade negotiations between the United States and the United Kingdom have been a long time coming in the post-Brexit economy. On 5 May 2020, the two nations launched negotiations to reach a consensus on a free trade deal.

Demand for services and goods reigning from the United Kingdom has been increasingly popular in the United States in recent years, with figures revealing more than $88 billion worth of services and goods exported from the UK to the US in 2019.

20 of the world's finance ministers of the world's largest economies gathered and agreed, on Saturday 10th of July, to set a minimum tax rate for corporate income of 15%.

Indubitably, there are many economic similarities and differences between the EU and the United States.

The rapidly emerging digital banking sector has become a significant competitor to the traditional banking market.

Factors boosting stocks include progress on President Joe Biden's $1.9 trillion stimulus package and increasing momentum behind coronavirus vaccines.

For many people worldwide, gambling and sports betting are a simple way of spending their leisure time. However, in the UK, gambling and sports betting has become a multi-billion-pound industry.

Disney has retained its status as the largest entertainment company in the world after celebrating the success of its new Disney+ streaming service reaching 86 million subscribers.

US families must show proof of a significant loss of income since February 2020.

The bad news included data showing spiking Covid-19 cases led in December to the first job losses since April.

Finance minister Rishi Sunak told Sky News that Britain was facing an "economic emergency" because of the pandemic.