The European Union’s infrastructure strategy is seen as a challenge to China’s Belt and Road Initiative.
Business and Economy
Extreme weather, high interest rates, inflation and unemployment all derailed Brazil’s post-pandemic recovery.
The UN’s Food Price Index climbed for a fourth straight month in November to its highest level since June 2011.
OPEC+ is sticking with its current plan to adjust crude output by an additional 400,000 barrels a day in January.
The Defiance Digital Revolution ETF (ticker NFTZ) will track blockchain-related companies and non-fungible-token index.
Central bank will assess interest rate cut impact early next year, an official tells Bloomberg News.
High inflation, dwindling donor aid and Israel’s withholding of vital tax funds squeezing PA’s already decimated budget.
Green light from medicines regulator comes as manufacturers say lab results show ‘activity against key mutations’.
Tokyo’s strict border controls to keep Omicron out are throwing travel plans into disarray.
Nureddin Nebati takes on the role of finance minister after Lutfi Elvan resigns.
North Korean leader says country must make progress in defence, agriculture and construction amid economic difficulties.
International students remain in limbo after Australia delays planned border reopening over Omicron variant.
Powell said though most economists see US inflation easing by mid-2022, ‘We can’t act as if we’re sure of that.’
US stocks slumped on a slew of bad news including the Fed’s hawkish stance and the detection of a new COVID-19 variant.