According to Bank of Japan Governor Haruhiko Kuroda, the Bank of Japan will maintain its ultra-soft policy because the Japanese economy is less impacted by inflation than other nations' economies. He added that the 15-year deflationary trend in the nation is impeding wage growth. May showed Japan's...

OPEC's oil revenue increased in 2021 with prices and demand recovering from the tanking of the market during the COVID-19 pandemic, although the number of active rigs among its members increased little and new completed wells decreased, according to group data.   According to...

According to reports quoting sources, the European Central Bank will likely drain liquidity from the banking system to offset any bond purchases made to control borrowing costs for indebted eurozone nations.   Bond yields in Italy and other debt-laden countries have risen since the European...

G7 leaders decided on Tuesday to consider imposing worldwide price limitations on Russian energy imports to limit Moscow's ability to pay its invasion of Ukraine and to contribute up to $5 billion to alleviate global food hunger.   The crisis in Ukraine and its catastrophic economic effects,...

According to Bloomberg, Germany has urged the G7 to back out on its pledge to stop funding the production of fossil fuels. Berlin claimed that the G7 nations should acknowledge the necessity for financial assistance for the gas industry as a reaction to the current energy crisis. Germany encouraged...

According to the White House, Russia has defaulted on its foreign obligations for the first time in more than a century, as broad sanctions have virtually cut the country off from the global financial system, rendering its assets untouchable.   The Kremlin, which has the funds to make...

It only took 24 hours for Prime Minister Narendra Modi's government in India, the world's second-largest wheat producer, to abandon its intentions to "feed the world" last month.   Following five straight record harvests, Modi stated publicly in April that India was ready to cover a portion...

The big oil and gas business TotalEnergies has been urged to take extra steps to lower fuel prices domestically, according to French Economy and Finance Minister Bruno Le Maire. "The state and public spending cannot be the only sources of effort. Additionally, firms need to make an effort. Fuel...

Global dealmaking is experiencing a dry spell as soaring inflation and a stock market crash dampen many company boards' desire to expand through acquisitions.   Russia's invasion of Ukraine in February, as well as fears of an impending recession, dampened merger and acquisition (M&A)...