Economy

Economy News

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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Japan to extend most border restrictions until end of February

Tokyo in November banned new entry by non-Japanese, including students and family members, in responses to Omicron. Japan will maintain its tight entry restrictions it put in place to prevent.

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‘COVID Zero’ Hong Kong pushes supply chain to breaking point

Hong Kong’s Omicron outbreak is dealing a double whammy to businesses. Not only will new social distancing curbs crimp revenue for retailers and restaurants, a slashing of flights they rely.

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The Great Resignation is spawning a talent war. Who will win it?

A new report argues that firms must change how they view workers to compete in the war for talent. The coronavirus pandemic has caused the biggest worker reshuffle in modern.

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Philippines urges Indonesia to lift coal export ban

Indonesia suspended coal exports on January 1 amid shortages at domestic power plants. The Philippines’ energy secretary Alfonso Cusi has appealed to Indonesia to lift its coal export ban, saying.

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China probes head of top life insurer in anti-corruption campaign

Anti-corruption watchdog says Wang Bin is ‘suspected of serious violations of discipline and law’. Bloomberg China’s top anti-graft watchdog placed the chairman of China Life Insurance Co. Ltd., one of.

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Economy News

Top 5 Things to Watch in Markets in the Week Ahead

By Noreen Burke Investing.com — The coming week will bring closely followed inflation figures, while Federal Reserve Chair Jerome Powell and Vice Chair Lael Brainard are to testify at their.

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Biden calls Colorado’s most destructive wildfire ‘code red’ climate warning

By Jeff Mason LOUISVILLE, Colo. (Reuters) -U.S. President Joe Biden, visiting the scene of Colorado’s most destructive wildfire on record, said on Friday the rare winter blaze marked the latest.

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Economy News

ECB may need to act if energy price rises more persistent: Schnabel

FRANKFURT (Reuters) -Rising energy prices may force the European Central Bank to stop “looking through” high inflation and act to temper price growth, particularly if the green transition proves inflationary,.

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Manchin’s $1.8 trillion spending offer no longer on table -Washington Post

WASHINGTON (Reuters) – U.S. Senator Joe Manchin’s $1.8 trillion spending offer he proposed to the White House in late 2021 appears to be no longer on the table following a.

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