As price pressure from raw materials and yen weakness widened, Japan's core consumer inflation accelerated to 2.8 per cent in August, reaching its fastest annual pace in almost eight years and exceeding the central bank's 2 per cent target for a fifth straight month.   Even though many still...

Distribution of 3.49 trillion yen (24.35 billion yen) from the reserve fund for the current fiscal year, which started on April 1, has been approved by the government of Japan in order to help the populace amid rising food and gasoline prices. The NHK news channel reports that the solutions include...

Global trade indicator companies such as FedEx and Cathay Pacific Airways have cast a pall over the year-end holiday shopping season, pointing to weaker-than-expected consumer demand rather than a Christmas bonanza.   The bleak outlook comes as consumers around the world struggle...

The Chinese economy exhibited unexpected resilience in August, with faster-than-expected growth in factory output and retail sales bolstering a fragile recovery, but a deepening property slump weighed on the outlook.   The better-than-expected figures indicate that the world's second-largest...

The European Union's executive highlighted plans to collect more than $140 billion from energy companies to help protect households and businesses from rising prices that threaten economic recession and insolvency.   European gas and power prices have skyrocketed this year as Russia reduces...

China's exporters, the world's second-largest economy's last reliable pillar as it battled the pandemic, weak consumption, and a property crisis, are warning of tough times ahead as softer overseas markets force them to lay off workers, shift to lower-value goods, and even rent out their factories....

The Wall Street Journal reports, citing data from the Federal Deposit Insurance Corporation, that total deposits from people and businesses in U.S. banks fell by a record $370 billion in the second quarter. This is the first decline since 2018. At the end of the second quarter, banks held a total...

Consumer prices in the United States unexpectedly rose in August, and underlying inflation accelerated due to rising rent and healthcare costs, providing the Federal Reserve with ammunition to deliver a third 75 basis point interest rate hike next Wednesday.   The Labor Department reported...

UK Prime Minister Liz Truss' massive power bill bailout has given the Bank of England a temporary boost in its fight against inflation, but it still appears likely that interest rates will increase significantly later this month.   According to economists, Truss's tariff cap, which was...