Economy

Economy News

European stocks set for worst week since November on hawkish Fed comments

By Elizabeth Howcroft LONDON (Reuters) -European stocks slumped on Friday, with the STOXX 600 set for its biggest weekly loss since November, and Wall Street futures pointed to a mixed.

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Economy News

Analysis-U.S. energy shares on fire again to start 2022, stoked by inflation

By Lewis Krauskopf NEW YORK (Reuters) – Shares of U.S. energy companies are soaring in the early days of 2022, driven by a shift to so-called value stocks and assets.

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Fed’s Harker open to more than three rate hikes in 2022 if inflation worsens – FT

(Reuters) -Philadelphia Federal Reserve Bank President Patrick Harker said he would currently support three interest rate hikes this year, starting from March, and would be open to more if inflation.

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U.S. consumer inflation soars to new 40-year high

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased solidly in December as rental accommodation and used cars maintained their strong gains, culminating in the largest annual rise in.

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Fewer US remote workers feel comfortable returning to office

Morning Consult’s weekly tracker saw a sharp spike in the share of workers who feel uneasy about returning to the office as Omicron infections spread. By Al Jazeera Staff As Omicron.

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British fund manager abrdn seeks China wealth management partner – chairman

By Selena Li HONG KONG (Reuters) – British fund manager abrdn is seeking a partner in China for its foray into the wealth management business, its chairman said, potentially joining.

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Taiwan to launch $1 billion Lithuania credit fund amid Beijing pressure

VILNIUS (Reuters) – Taiwan will launch a $1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said.

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Inflation watch: US consumer prices see sharpest surge since 1982

US consumer prices increased 7% in December compared with a year ago – the sharpest 12-month spike since 1982. By Al Jazeera Staff Consumers in the United States could be forgiven.

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Teenager says he remotely hacked into more than 25 Teslas

The 19-year old security researcher said the software flaw he exploited was not within Tesla’s software or infrastructure. By Katrina Nicholas /Bloomberg A 19-year-old security researcher claims to have hacked remotely.

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Aramco gains footing in Russia’s back yard with Polish oil deal

Aramco, the world’s largest oil firm, will buy 30 percent of a refinery on the Baltic coast, as well as a wholesale fuel unit. By Anthony Di Paola and Maciej Martewicz.

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