BEIJING (AP) — Asian stock markets were mixed Thursday after Wall Street edged lower amid fears higher interest rates will chill global economic growth. Shanghai and Hong Kong advanced, while Tokyo and Seoul declined. Oil prices fell more than $2 per barrel to near $100. Federal Reserve Chair Jerome Powell, talking to members of Congress,…
LONDON (AP) — Britain’s inflation rate hit a new 40-year high of 9.1% in the 12 months to May, figures showed Wednesday, as Russia’s war in Ukraine drove food and fuel prices ever higher. The Office for National Statistics said consumer price inflation rose slightly from 9% in April, itself the highest level since 1982….
JUBA, South Sudan (AP) — Some young girls are still auctioned off into marriage for cows in South Sudan — one of the social challenges that activists had hoped to highlight during Pope Francis’ now-postponed visit. The price of a daughter, determined in negotiations between her father and would-be husband, is typically 50 to 100…
MADRID (AP) — Extended drought conditions in several Mediterranean countries, a heat wave last week that reached northern Germany and high fuel costs for aircraft needed to fight wildfires have heightened concerns across Europe this summer. And it’s only June. “Much of the continent is in drought,” said Cathelijne Stoof, an environmental science professor at…
LONDON (Reuters) -Soaring food prices pushed British consumer price inflation to a new 40-year high last month of 9.1%, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch. The reading, up from 9.0% in April, matched the consensus of a Reuters poll of economists. Historical records…
TAIPEI (Reuters) – The United States should “urgently” start talks with Taiwan on a free trade agreement with the aim to present a completed text for passage next year, the American Chamber of Commerce in Taiwan said in an annual policy paper published on Wednesday. Taiwan has long campaigned for such a deal, in what…
By Sam Byford TOKYO (Reuters) – Asian stocks slipped in volatile trade on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan fell…
