World

A worker takes a panini sandwich off a grill at a restaurant in the Union Market district in Washington, D.C., on Tuesday, Aug. 30, 2022. Al Drago | Bloomberg | Getty Images Investors are closely watching the nonfarm payrolls report due out Friday, but not for the usual reasons. In …

Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Many LDIs are owned by final salary pension schemes, workplace pension plans popular in the U.K. …

French President Emmanuel Macron (L) shakes hands with British Prime Minister Liz Truss during a bilateral meeting on the sidelines of the 77th United Nations General Assembly at UN headquarters in New York City on September 20, 2022. Ludovic Marin | Afp | Getty Images Europe is launching a new …

In recent months however, the central banks of Thailand and Philippines have relented and have begun hiking up rates. Bloomberg | Bloomberg | Getty Images Asian currencies will likely continue weakening for another quarter — if not more, as U.S. interest rates rise, the Economist Intelligence Unit said.  The EIU …

The restaurant scene such as the one in Chinatown should brace for change amid rising inflation. Anadolu Agency | Anadolu Agency | Getty Images SYDNEY — In Sydney’s food mecca, Chinatown, menu prices at long-time restaurant Mother Chu’s have risen between 20% and 30% since the start of the pandemic.  …

2022 Ford GT LM Edition Ford DETROIT — Ford Motor will end production of its $500,000 GT supercar later this year with a special edition model paying tribute to the vehicle’s racing heritage. The Detroit automaker on Wednesday said the 2022 Ford GT LM Edition will be the last model …

Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur …

Elon Musk’s revived $44 billion deal to buy Twitter sparked fresh debate over what the billionaire will do with the service if he eventually owns it. On Tuesday, Musk tweeted that buying Twitter is an “accelerant to creating X, the everything app.” He did not provide further details. Musk may …

OPEC+’s plans to cut oil production is a “mistake,” according to U.S. Senator Chris Murphy, who said there needs to be a re-evaluation of the alliance between the group’s de-facto leader and the United States. The influential alliance of some of the world’s most powerful oil producers is reportedly considering …

A photo of a natural gas flare burning near an oil pump jack at the New Harmony Oil Field in the U.S. on June 19, 2022. Luke Sharrett | Bloomberg | Getty Images Germany’s economy minister accused the U.S. and other “friendly” gas supplier states of astronomical prices for their …