A barge makes way down the Hudson River near sunset past the skyline of the west side of Manhattan during very cold weather in New York, U.S., January 11, 2022. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Ratings agency Moody’s on Friday affirmed United States’ rating at...Read More

German Chancellor Olaf Scholz speaks at the presentation of the new German postage stamp featuring the upcoming G7 summit on June 15, 2022 in Berlin, Germany. Sean Gallup/Getty Images Rarely have the stakes for a Group of Seven summit been so sky-high and the expectations for success so deep in the mud. Even the agenda...Read More

Placeholder while article actions load The 1990s are having a moment in consumer culture. But with the world in the grip of rampant inflation, and Britain enduring a summer of discontent, it feels like we’re living in a 1970s economy. Nineties nostalgia has been building for some time. Bold logos, which disappeared after the financial crisis,...Read More

[JIN DING/CHINA DAILY] The COVID-19 pandemic had already dealt a massive blow to the world economy when the Russia-Ukraine conflict broke out. The conflict and the sanctions major developed economies announced against Russia in response have resulted in food, energy and refugee crises, dealing yet another powerful blow to the global economy apart from heightening...Read More

Mapping Shipping Lanes: Maritime Traffic Around the World Each year, thousands of ships travel across the globe, transporting everything from passengers to consumer goods like wheat and oil. But just how busy are global maritime routes, and where are the world’s major shipping lanes? This map by Adam Symington paints a macro picture of the...Read More

Philippine peso bills | INQUIRER.net stock photo MANILA, Philippines — The Philippines plunged further on Thursday closing at 54.7 against the greenback, according to the Bank Association of the Philippines’ (BAP) foreign exchange summary. This puts the local currency at its weakest since November 11, 2005, when the Philippine peso closed at 54.71 versus the...Read More

Newsfrom Japan Economy Jun 23, 2022 11:42; updated Jun 23, 2022 11:43 (JST) Tokyo stocks were flat Thursday morning as buying of transportation issues amid hopes for increased travel demand was offset by selling triggered by worries over the U.S. economy. The 225-issue Nikkei Stock Average fell 2.84 points, or 0.01 percent, from Wednesday to...Read More

U.S. stocks end down; MSCI global stock index also lower Powell says committed to bringing down inflation Dollar slips NEW YORK, June 22 (Reuters) – Major U.S. stock indexes ended down slightly Wednesday, losingearly gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is “strongly committed” to bringing down...Read More

Federal Reserve Chair Jerome Powell touted the strength of the U.S. economy Wednesday and expressed confidence it can handle the central bank’s higher interest rates despite rising fears of a recession among economists. Testifying before the Senate Banking Committee, Powell acknowledged the U.S. faces serious challenges in curbing inflation and navigating an “extraordinarily challenging and uncertain...Read More

Here is what you need to know on Wednesday, June 22: The dollar is capitalizing on safe-haven flows early Wednesday and gathering strength against its major rivals. Investors grow increasingly concerned over a global recession as major central banks remain on track to continue to tighten their policies to battle inflation. FOMC Chairman Jerome Powell will...Read More