Inflation Weighed on Consumer Spending Growth in February
Consumer spending growth, a key engine of the economy, slowed sharply in February, as the Omicron surge of Covid-19 eased...
Month: March 2022
Turkish prosecutor requests transfer of Khashoggi trial to Saudi Arabia
Khashoggi's killing at the Saudi consulate in Istanbul four years ago triggered a global outcry and put pressure on Saudi...
U.S. Inflation Rises to 40-Year Peak in February by Fed’s Preferred Measure
Inflation reached a new 40-year peak in February, according to the Federal Reserve’s preferred gauge, buoyed in part by a...
China’s economy hit by double whammy in March
The official manufacturing Purchasing Managers' Index (PMI) fell to 49.5 from 50.2 in February, the National Bureau of Statistics (NBS)...
U.S. Jobless Claims Edge Higher Amid Tight Labor Market
New applications for U.S. unemployment benefits rose slightly last week, indicating a strong labor market in which employers are holding...
Germans ‘will be poorer’ because of the war in Ukraine
"It is not possible that this ends without costs for German society, it is unthinkable," Robert Habeck told public broadcaster...
Australian TV host set to stand trial in China for allegedly supplying state secrets overseas
Cheng Lei, a former business anchor of China's state broadcaster CGTN, is accused of illegally supplying state secrets overseas, a...
Asia has seen a spike in Covid-19 cases. These charts show what’s really going on
For much of the pandemic, these places were held up as Covid-19 success stories, as stringent border rules helped them...
Intel Gave CEO Pay Package Worth Nearly $180 Million Amid Turnaround Effort
Intel Corp. awarded Chief Executive Officer Pat Gelsinger compensation last year that could be worth nearly $180 million, tying much...
Judge Approves $18 Million Activision Settlement With EEOC
A California judge has approved an $18 million settlement between Activision Blizzard Inc. and the Equal Employment Opportunity Commission, marking...
Germany issues ‘early warning’ of possible gas shortages as Russia threatens supplies
Moscow said last week that it wanted to be paid in rubles, rather than US dollars or euros as per...
Price-Fixing Case Against Chicken Company Officials Ends in Mistrial, Again
The U.S. Department of Justice’s effort to prosecute alleged price fixing in the poultry industry suffered a major setback after...
The Great Resignation is taking root around the world
"The Great Resignation is people saying, 'Whatever the situation is, I want better,'" Patrecia Ming Buckley told CNN Business. The...
How High Energy Prices Could Help Both the Climate and the U.S.
The surge in global energy prices triggered by Russia’s invasion of Ukraine sure doesn’t seem like any sort of blessing....
Indian firefighters battle Delhi landfill blaze as air fills with toxic fumes
The blaze broke out Monday at the Ghazipur landfill east of New Delhi, according to the city's fire services director,...
World Bank freezes Afghan projects after Taliban bans girls from high school
The projects, to be funded under the revamped Afghanistan Reconstruction Trust Fund, were being readied for implementation by United Nations...
UAW Chief Says He Hasn’t Had Talks With Tesla or Elon Musk
The leader of the United Auto Workers union said he hasn’t talked with Tesla Inc.’s Elon Musk after the chief...
Carl Icahn Targets Kroger Over Pork, CEO Pay
Billionaire activist investor Carl Icahn is seeking two board seats at Kroger Co., pushing the U.S. supermarket giant to make...
At least five dead in shooting near Tel Aviv
The attack started in the ultra-orthodox city of Bnei Brak, just east of Tel Aviv, before continuing on and ending...
Inflation, Shortages Push Americans to Switch Brands More Than Ever
Well-known brand names and flashy ad campaigns are no longer enough to command U.S. consumers’ loyalty in grocery stores. Source...
