German inflation unexpectedly cools off in June at 8.2%
German inflation dipped in June
EUR/USD Tumbles Below 1.05 Following Key ECB Forum
Dollar strength saw EUR/USD tumble back below 1.05, with room to run below to support.
US Hits Russian Gold Imports, Defense Industry With New Sanctions
The United States on Tuesday imposed sanctions on more than 100 targets and banned the import of new Russian gold.
Morgan Stanley, Bank of America raise dividends, JPMorgan keeps flat
Morgan Stanley and Bank of America are hiking their dividends, while JPMorgan & Chase will keep theirs flat
Banking body BIS urges decisive wave of global rate hikes to stem inflation
“The key for central banks is to act quickly and decisively before inflation becomes entrenched,” Agustín Carstens, BIS general manager, said as part of the body's post-meeting annual report Annual Economic Report published on Sunday.
Russia on brink of default as debt deadline looms
The country is close to its first default since 1998 as sanctions block payments to creditors
Lebanon's runaway inflation reaches 211% in May
Lebanon continues to endure runaway inflation as politicians jostle to form a new government more than a month after parliamentary elections, delaying the enactment of reforms that can unlock $3 billion from the International Monetary Fund to resuscitate its economy.
Japan's inflation tops BOJ target for 2nd month in test of monetary stance
Japan's annual core consumer inflation topped the central bank's target for a second straight month in May, data showed on Friday, highlighting the intensifying pressure on the country's fragile economy from soaring global raw material costs.
Russia allows residents to send security trading proceeds to foreign accounts
Russia allows residents to send security trading proceeds to foreign accounts
Netflix cuts 300 more jobs after subscriptions fall
In April the streaming giant reported its first subscriber loss in more than a decade.
US Fed Chair Admits Recession a 'Possibility' After Rate Hikes
The economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation could eventually trigger a recession.
President Biden urges petrol tax 'holiday' as fuel prices bite
Analysts say suspending the tax would do little to lower costs for people at the pump.
Goldman Sachs raises probability of U.S. recession in 2023 to 30%
Goldman Sachs sees a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous forecast of 15%
Hundreds of thousands evacuated as floods ravage southern China
Record rainfall sees floodwaters reach a 50-year high, displacing communities and triggering landslides.
US in Talks With Allies on Russian Oil Price Cap, Says Yellen
United States is in talks with Canada and other allies globally to further restrict Moscow's energy revenue by imposing a price cap on Russian oil without causing spillover effects to low-income countries.
Fed's Mester: Inflation Will Not Fall to 2 Percent Target for 2 Years
Fed's Mester says it will take 2 years until inflation falls to 2% target
Global inflation: Five ways US rate rise will affect you
The impact of higher interest rates in the US will cascade through the global economy.
France's Emmanuel Macron set to lose majority - projection
Less than two months after re-election, the president is set to lose control of the National Assembly.
Big Tech must deal with disinformation or face fines, says EU
Tighter EU rules will demand firms such as Google and Meta tackle disinformation on their platforms.
U.S. Fed rolls out largest rate hike since 1994, weighing on global economy
The U.S. Federal Reserve raised its benchmark interest rate by 75 basis points, marking the sharpest rate hike since 1994.
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