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Bank of Japan Pushes Borrowing Costs to a Three-Decade Peak
Landmark increase to 1% signals a decisive break with Japan’s era of ultra-cheap money as policymakers confront inflation, expensive energy and a weakened yen The Bank of Japan has raised its benchmark interest rate to its highest level in more…
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The Federal Reserve’s New Era of Strategic Silence
Kevin Warsh begins his tenure determined to loosen Wall Street’s dependence on central-bank forecasts—but saying less could make every word more powerful For more than three decades, the Federal Reserve has moved steadily toward greater openness. Interest-rate decisions that were…
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England’s Mayors Could Gain Control of Billions in Landmark Tax Devolution
Government considers transferring a share of business-rates revenue to regional leaders alongside wider powers over health, education and justice England’s regional mayors could be given control of billions of pounds collected through business rates under government proposals designed to shift…
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India’s Growth Engine Confronts a Costly Energy Shock
Surging oil prices are threatening inflation, public Energy and the rupee, forcing Asia’s third-largest economy to defend its hard-won stability without extinguishing domestic growth. NEW DELHI — India’s position as one of the world’s fastest-growing major economies is coming under…
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Global Economy Faces Renewed Threat from Widening Trade Imbalances
Persistent American deficits, China’s export-driven surplus and Europe’s chronic underinvestment will dominate discussions at the G-7 summit in Évian-les-Bains The world’s leading advanced economies are preparing to confront a problem that once appeared to be receding but is again becoming…
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ECB Becomes First Major Central Bank to Raise Rates Since Inflation Resurgence
Strait of Hormuz shock forces policymakers back into inflation-fighting mode The European Central Bank has become the first major central bank to raise interest rates since the latest global inflation resurgence, marking a decisive shift in monetary policy as the…
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Asian Markets Slide as US-Iran Fire Exchange Revives Fears of Regional War
Investors retreat from risk after Washington strikes Iran and Tehran retaliates against US-linked targets across the Gulf and Jordan Asian stock markets fell sharply on Wednesday after the United States and Iran exchanged their most serious round of fire since…
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Bank Indonesia Raises Rates in Surprise Move to Halt Rupiah Slide
The central bank lifted its benchmark rate to 5.50% as policymakers moved urgently to defend the currency and restore market confidence. Bank Indonesia surprised financial markets on Tuesday with an unexpected interest-rate increase, raising its benchmark policy rate by 25…
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Asia’s Tech Rally Breaks as Market Rout Hits Seoul
South Korea’s Kospi was forced into a temporary trading halt after plunging nearly 9%, as investors fled semiconductor shares amid fears of an overheated AI boom and renewed Middle East instability. Asian technology stocks suffered a sharp reversal on Monday…
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UK Ministers Accused of Complacency as Food Supply Risks Mount
Cold storage and logistics leaders warn that fuel shortages, cyberattacks and extreme weather could expose serious weaknesses in Britain’s food system. British ministers are facing fresh accusations of complacency over the resilience of the country’s food supply, after the cold…
