World

European Commission President Ursula von der Leyen says the time is now for the bloc to impose a price cap on Russian pipeline gas. John Thys | AFP | Getty Images The European Union will launch a “deep and comprehensive reform” of the electricity market, European Commission President Ursula von …

Supporters of Brazilian President Jair Bolsonaro listen to his speech at the Ministry Esplanade on Sept. 7, 2022 in Brasilia. Getty Images | Getty Images News | Getty Images Brazilian President Jair Bolsonaro is sowing doubt about the validity of the country’s electronic voting system ahead of the first round …

More than half of respondents in China said that due to the possibility of a recession, they’ve gone out less for food and entertainment, an Oliver Wyman survey found. Noel Celis | Afp | Getty Images BEIJING — Chinese people say they’re increasingly feeling the pinch of rising prices, although …

A trader works at the New York Stock Exchange NYSE in New York, on Aug. 26, 2022. Xinhua News Agency | Getty Images The six largest U.S. tech companies lost more than $500 billion in value Tuesday after an unexpectedly high August inflation report sent tech stocks tumbling. The consumer …

New research suggests at least 17 million people across Europe and central Asia suffered from long Covid within the first two years of the pandemic. Filadendron | E+ | Getty Images At least 17 million people in Europe suffered from “long Covid” within the first two years of the coronavirus …

Roughly two decades ago, Toyota Motor became the preferred carmaker of U.S. environmentalists and eco-conscious consumers with its Prius hybrid, an “electrified” vehicle that was among the cleanest and most fuel-efficient vehicles ever produced. Amid rising gas prices, demand for the vehicle grew and inspired other automakers to roll out …

The rate of inflation was higher than expected in August, suggesting that inflation is far from under control. Continued interest rate hikes from the Federal Reserve are also likely. Inflation rose by 0.1% since last month, but is down from its June peak of 9.1%, for a year-over-year rate of …

Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. The consumer price index, which tracks a broad swath of goods and services, increased 0.1% for the month and 8.3% over the past year. …

A trader works on the floor of the New York Stock Exchange (NYSE) as a screen shows Federal Reserve Board Chairman Jerome Powell during a news conference following a Fed rate announcement, in New York City, U.S., July 27, 2022.  Brendan Mcdermid | Reuters The U.S. Federal Reserve could be …

The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman Sachs. While competitors like Bank of America enjoy repayment rates at or near record levels, Goldman’s loss rate on credit card loans hit 2.93% in the …