World
Fed promises ‘unconditional’ approach to taking down inflation in report to Congress
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, June 15, 2022. Elizabeth Frantz | Reuters […]
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War-ravaged Ukraine moves a step closer to joining the European Union
European Commission President Ursula von der Leyen said Ukraine should be welcome as a candidate country. Kenzo Tribouillard | Afp | Getty Images Ukraine has moved a step closer to joining the European Union. The European Commission on Friday recommended that the war-ravaged country become a candidate to join the bloc — albeit on the […]
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‘Our product, our rules’: Russia sends alarm bells ringing over Europe’s winter gas supplies
Gazprom’s Miller says he sees no solution to an ongoing equipment issue at part of the Nord Stream 1 pipeline. Anadolu Agency | Anadolu Agency | Getty Images LONDON — An ominous warning from Russia’s state-backed energy giant Gazprom has stoked fears of another turbulent winter for European gas supplies. As a pre-summer heatwave hits […]
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Fed up with endless cookie consent boxes? The UK plans to kill them off
The government says the move will result in far fewer of the “frustrating” boxes appearing online. Andia | Universal Images Group | Getty Images Britain wants an end to the barrage of cookie consent pop-ups. The government says new data reforms will heavily reduce the number of banners that appear on websites asking people to […]
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Dalio is right to short Europe, strategist says: ‘The pain will go on for quite a while’
Ray Dalio, Bridgewater Associates, Founder, Co-Chairman & Co-CIO, at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Billionaire investor Ray Dalio is right to have bet against European stocks, and global markets still have a rough road ahead, according to Beat Wittmann, partner at Zurich-based Porta Advisors. Dalio’s Bridgewater Associates has […]
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EU to decide on whether Ukraine can join the bloc; Russian bombings ‘rising daily’
EU to discuss fast-tracked opinion on Ukraine’s bid for candidacy Italy’s Draghi, Ukraine’s Zelenskyy and France’s Macron pictured during a joint press conference in Kyiv. Future Publishing | Future Publishing | Getty Images The European Commission, the executive arm of the European Union, will meet on Friday to offer its fast-tracked opinion on whether to […]
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‘Be in learning mode’: How employees — and employers — can navigate coming out as LGBTQ at work
As LGBTQ Pride month runs through June, efforts to advance diversity, equity and inclusion have once again entered the spotlight. U.S. President Joe Biden on Wednesday signed an executive order expanding access to gender affirming care and inclusive education, in an effort to combat a number anti-LGBTQ state bills introduced across the country this year. […]
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Jolted by the Ukraine war and China’s aggression, Japan looks to boost its defense capability
The Ukraine war and increasing Chinese aggression in the region have raised the stakes for Japan as a close neighbor to Taiwan. Taiwanese rescue workers here take part in an exercise simulating a missile attack by the Chinese People’s Liberation Army in Chiayi, Taiwan, on Thursday. Bloomberg | Bloomberg | Getty Images Japan is looking […]
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World Trade Organization strikes global trade deals deep into overtime
World Trade Organization Director-General Ngozi Okonjo-Iweala delivers her speech at the WTO headquarters in Geneva on June 17, 2022. The World Trade Organization’s 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five grueling days of negotiations. Fabrice […]
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Bank of Japan maintains ultra-low rates, warns it is closely watching yen moves
Pedestrians walk in front of the Bank of Japan head office building in Tokyo on April 27, 2022. The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signaling its resolve to focus on supporting the economy’s tepid recovery from the Covid-19 pandemic. […]
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