The Reserve Bank must increase interest rates on Tuesday to keep inflation in check. Figures released last week showing annual consumer price inflation at a two-decade high of 5.1 per cent, and other indicators that price pressures continue to build, mean there is an overwhelming case to lift the cash […]

A report released by the Commerce Department on Friday showed U.S. personal income increased by slightly more than expected in the month of March, while U.S. personal spending jumped by much more than anticipated. The Commerce Department said personal income rose by 0.5 percent in March after climbing by an […]

Germany’s inflation unexpectedly accelerated further in April to set a new high in over four decades, driven by runaway energy prices and increased production costs due to supply bottlenecks in the backdrop of the Russia’s invasion of Ukraine. The flash consumer price index rose 7.4 percent year-on-year following a 7.3 […]

The German president is not welcome in Kyiv. Frank-Walter Steinmeier had been due to travel to the war-torn city yesterday but Volodymyr Zelensky, the Ukrainian president, told him not to bother. This is partly personal. Steinmeier, who used to be his country’s foreign minister, has long advocated for Western rapprochement […]

The war in Ukraine and the interlinked energy shock have revealed the deep strategic strengths of France. Geopolitics has lifted the weight of Paris in European affairs, and diminished Berlin. The French have a credible energy system. They have an agro-industrial core that acquires strategic value in the impending global […]

The UK economy expanded only marginally in February as the growth in services was almost offset by contractions in production and construction. Gross domestic product grew 0.1 percent month-on-month, much slower than the 0.8 percent increase in January, the Office for National Statistics said Monday. This was also weaker than […]

Sometimes, you just don’t know where to start. The Prime Minister’s comments on the Today Show when asked by journalist Allison Langdon what the recent budget does for renters were so problematic, it’s not hard to see why an entire generation is outraged. But outrage should be properly founded. Some […]

The UK economy expanded more than initially estimated in the fourth quarter, reflecting the revisions across the service sector, data from the Office for National Statistics showed on Thursday. Gross domestic product grew 1.3 percent sequentially in the fourth quarter, instead of the initial estimate of 1.0 percent. This was […]

SMA Solar Technology AG (SMTGF.PK), a German solar energy equipment supplier, reported Thursday that its fiscal 2021 net loss was 23.0 million euros, compared to prior year’s profit of 28.1 million euros. Loss per share was 0.66 euro, compared to profit of 0.81 euro a year ago. The business performance […]

Inflation, so tame for so long across much of the world, has begun to accelerate at a quick pace. Geopolitical problems get much of the blame. In particular, the Russian invasion of Ukraine has driven up oil prices as Europe has started to block the flow of oil and gas […]