Climate change, disruptions in supply, and new restrictions from the European Union will push up costs for roasters, which will translate into higher coffee prices for end users, according to Italian company Lavazza’s Chair Giuseppe Lavazza. Lavazza told the Financial Times, "Coffee prices are not...

Although hiring in the government and healthcare sectors accounted for nearly three-quarters of the payroll gain in June, U.S. employment increased solidly. Meanwhile, the unemployment rate reached a two-and-a-half-year high of 4.1%, indicating a weakening labour market that keeps the Federal...

As a result of massive pay increases granted by businesses during yearly wage talks, Japanese workers' average base pay increased by 2.5% in May, marking the highest rate of increase in 31 years. Part-time employees witnessed especially significant increases.   However, as a result of rising...

According to Federal Reserve Bank of New York President John Williams, the Fed has successfully slowed the rate at which consumer prices are rising in the United States, but it has not yet reached its inflation target. Williams stated at a Reserve Bank of India event in Mumbai that "at this point,...

According to Luis Gallego, CEO of International Consolidated Airlines Group S.A. (IAG), European airlines would have to increase ticket prices to offset the expense of cutting harmful emissions, as reported by the Financial Times. Gallego said that abandoning flying would have a significant effect...

While talks with China are ongoing, the European Commission has placed temporary extra charges on the importation of Chinese electric motor vehicles (EVs) into the EU. "The Commission concluded that the EV value chain in China benefits from unfair subsidization, which poses a risk of economic...

In order to offset Western sanctions imposed over the Ukraine crisis, Russia's central bank advised enterprises to adopt "multiple choice solutions" to enable payments with overseas partners, including cryptocurrency and other digital assets.   The previous few weeks have seen significant...

China's population is declining, and this will eventually have a negative impact on the country's economy, labour force, and fiscal policy.   According to estimates derived from analysing UN-released world population data, "the working age population [in China] will fall so rapidly over the...

EU nations are unsure whether to approve more taxes on electric cars made in China, underscoring Brussels' difficulty in garnering support for its biggest trade case to yet as Beijing threatens extensive reprisal.   According to a government source, Germany, whose automakers made almost a...