A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023.Jakub Porzycki | Nurphoto | Getty ImagesDUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion...
Job openings fell more than forecast in April, signaling a potential weakening in the labor market that could provide the Federal Reserve more impetus to start lowering interest rates.The Labor Department's Job Openings and Labor Turnover Survey showed that the level of employment vacancies slipped to 8.06 million for...
City scene Yeni Camii great mosque by Golden Horn of Bosphorus River, Topkapi Palace, Hagia Sophia Istanbul, Republic of Turkey Tim Graham | Getty ImagesInflation in Turkey topped 75% in May in what economists expect to be the peak before prices start to ease. Consumer prices rose 75.45% in May...
Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022.Bloomberg | Bloomberg | Getty ImagesThe prominent OPEC+ oil producers' alliance is awaiting concrete central bank action on interest rates before factoring in the potential impact on the energy demand landscape, according to Saudi Arabia's energy minister."Central banks, with all...
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve.The personal consumption expenditures price index excluding food and energy costs increased just 0.2% for the period,...
General view of the center of Corfu with a little restaurant in Old Town in Corfu, Greece, in May 2024.Sopa Images | Lightrocket | Getty ImagesInflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did not sway market bets...
People shop at a supermarket in Montebello, California, on May 15, 2024. Frederic J. Brown | AFP | Getty ImagesInflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to show more of that creeping progress.The Commerce Department's measure of personal...
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic."This increase marks the second consecutive quarterly rise and was primarily...
Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City. Michael M. Santiago | Getty ImagesInvestors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest...
People walk in the rain over the London Bridge in central London, March 12, 2024.Lucy North - Pa Images | Pa Images | Getty ImagesLONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday.Economists polled by Reuters...