Why smartphones are getting cheaper while everything else is skyrocketing, according to the government
One product category monitored by the CPI recorded a 22% plunge, showing deflation: smartphones. International: Top News And Analysis
Category: World
China is no longer just any emerging market — it has become its own beast
China is no longer just another emerging market play. The country is becoming its own beast — with all the risks and rewards that come with being a world power. International: Top News And Analysis
China’s top leaders are set for a reshuffle. Here are the names to watch
The ruling Communist Party of China is expected to begin its 20th National Congress on Oct. 16 to select a new leadership team. International: Top News And Analysis
Lettuce at $8? Inflation in Australia is hurting everyone from restaurant owners to diners
Like many countries, Australia is battling record-high cost-of-living. Annual inflation in August surged to 6.8% from just under 2% before the pandemic. International: Top News And Analysis
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world
The Fed’s efforts to tame inflation are rippling around the world, with potentially unforeseen consequences for investors. International: Top News And Analysis
IMF gives damning verdict on Britain’s tax cuts
The IMF says it “does not recommend large and untargeted fiscal packages” and that the U.K.’s latest economic measures will “likely increase inequality”. International: Top News And Analysis
From the Fed to Europe’s currency crisis, here’s what’s behind this selloff in financial markets
Stocks fell sharply and bond yields rose around the world in volatile trading Friday, as global markets braced for higher interest rates and recession. International: Top News And Analysis
The Japanese yen is at 24-year lows. Here’s what to expect at the next BOJ meeting
The Japanese yen has hovered at 24-year lows for over a week. Analysts say the government won’t – and can’t really do anything to defend it. International: Top News And Analysis
Trussonomics? What to watch as the new UK prime minister battles multiple crises
New British Prime Minister Liz Truss faces a confluence of economic challenges, but will need to balance her own ideals with the immediate needs of the country. International: Top News And Analysis
Bitcoin tops $22,000, hitting highest in nearly a month ahead of inflation data and Ethereum merge
The Ethereum network will complete a long-awaited upgrade called the merge this week and anticipation of this helped lift crypto markets. International: Top News And Analysis