Inflation accelerated to a five-month high in the United Kingdom in August as sharply higher fuel prices pushed transportation costs higher, according to the Office for National Statistics. Why it matters: Consumer prices rose 0.5% in August, compared with a ...
Oil prices jumped more than $3 a barrel Sunday after new attacks on Saudi Arabia and ships in the Gulf raised fresh concerns about an already severe disruption to global oil supplies. Why it matters: Saudi state media released video ...
Brent crude surged above $100 a barrel Wednesday morning for the first time since July as escalating conflicts in the Middle East and Europe added to fears about global energy supplies. Why it matters: Brent climbed more than 2% Wednesday ...
Oil prices are pushing back toward $100 a barrel as geopolitical tensions rise on multiple fronts, including renewed Russian attacks on Ukraine and growing concerns in Eastern Europe that the war could eventually spread beyond Ukraine. Why it matters: Brent ...
Canada’s latest retaliatory tariffs against the United States took effect at midnight, escalating a trade fight between two economies with deeply intertwined supply chains. Why it matters: The new measures double existing Canadian tariffs on imported U.S. steel and aluminum ...
Japan’s foreign reserves suffered their largest monthly decline on record in August as Tokyo once again sold dollars and bought yen in an effort to stop the currency’s persistent slide. Why it matters: Japan is one of the world’s largest ...
The U.S. carried out a new round of strikes against Iranian targets Tuesday, another sign that the conflict is moving back toward direct military confrontation after hopes that fighting might be transitioning into a less active phase. Why it matters: ...
Inflation is heating back up across Europe, sending government bond yields to fresh 52-week highs as investors increasingly expect the European Central Bank to raise interest rates later this month. Driving the increase: Energy remains the biggest problem, with prices ...
The U.S. and Iran exchanged fire over the weekend for the first time since July, reigniting concerns that the conflict could once again escalate and threaten energy shipments through the Strait of Hormuz. Why it matters: The Strait of Hormuz ...
The European Central Bank saw some encouraging signs on inflation at its July meeting, but policymakers remained concerned that the energy shock from the Middle East could keep price pressures elevated longer than expected. Why it matters: Euro-area inflation fell ...