Leaders of the Group of Seven advanced economies have been meeting in Hiroshima, Japan. They've agreed to step up sanctions on Russian exports, including industrial machinery, tools, and other technology that Moscow is using to wage war in Ukraine. Meanwhile, stocks in Tokyo reached their highest...

The head of the UK's central bank says inflation will prove hard to pull down amid a so-called "wage-price spiral" locking in higher prices. Bank Governor Andrew Bailey said on Wednesday that higher prices carrying over from last year's pandemic reopening and energy price shocks are at risk of...

The US has seen its rate of inflation fall since peaks last year and unemployment remains at historic lows. This is despite the looming threat of a recession and a series of bank failures that have rattled markets that upended regional financial institutions. But none of these problems compared...