The Bank of Canada increased its benchmark interest rate by 75 basis points on Wednesday, reaching its highest level in 14 years while announcing the need for additional increases to tackle high inflation. Following its regularly scheduled meeting, the Bank of Canada increased its interest rate...

Due to the rising cost of living, which is on the verge of increasing even further, the European Central Bank is anticipated to frontload a number of rate increases and sacrifice regional growth.   Isabel Schnabel, a member of the ECB Executive Board, set the tone for this week's policy...

As rising inflation stifled international demand, new COVID restrictions impeded output, and heatwaves interrupted exports and imports, China's exports and imports lost steam in August, and consequently rate of growth missed predictions. This revived downside risks for the fragile...

According to Frode Leversund, CEO of Norwegian gas transport firm Gassco, Norway will supply record amounts of gas to Europe this year. Over the coming years, Norway will also export sizable amounts of gas to the EU. This year, Norway surpassed Russia to become the major gas supplier to Europe,...

A former employee of Bayer, Laurie Simpson, sued the manufacturer in 2005 and 2006 for Bayer's deceptive advertising and medication sales practices. To resolve the claims, the medication manufacturer has agreed to pay $40 million to American authorities; Ms. Simpson will receive $11.1 of that...

Russia postponed a Saturday deadline to reinstate flows through the Nord Stream 1 pipeline to Europe, citing a fault found during servicing, compounding Europe's difficulties in obtaining gas for the winter.   From August 31 to September 2, the Nord Stream 1 pipeline, which transports gas...

The Italian government expects net costs for importing energy into the country will almost double this current year to about 100 billion euros ($99.5 billion), said the country’s economy minister, who also issued a caution about the country not being able to continue to spend for an indefinite...

The UN Food and Agriculture Organization's world price index fell for the fifth month in a row in August, falling further from all-time highs reached earlier this year, as grain exports from Ukrainian ports resumed, contributing to improved supply prospects.   The Food and Agriculture...

Eurozone's economic mood indicator hit its lowest level in 19 months. Analysts anticipated a less pronounced fall. According to the press office of the European Commission, the indicator of economic sentiment (ESI) in the countries of the euro zone declined for a month by 1.3 percentage points,...