The Dow Jones Industrial Average posted its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors’ worst fears over rising inflation and rekindling the brutal 2022 sell-off. The Dow shed 1,164.52 points,
The 9% rise in the consumer price index is the highest since records began in 1989, outstripping the 8.4% annual rise posted in March 1992 and well ahead of the 7% seen in March of this year. A quarter of
The war has triggered a huge spike in wheat prices, with Russia and Ukraine among the biggest exporters of the commodity. Many countries have banned wheat, as well as other food exports as a result of the Ukraine crisis. “As
Bystanders gather under an umbrella as rain rolls in after a shooting at a supermarket on Saturday, May 14, 2022, in Buffalo, N.Y. Officials said the gunman entered the supermarket with a rifle and opened fire. © Joshua Bessex, AP An
FMUMBAI, May 14 (Reuters) – India has prohibited wheat exports with immediate effect, the government said in a notification late on Friday, as the world’s second-biggest wheat producer tries to calm local prices. Shipments of wheat are allowed for letters
SEOUL, May 13 (Reuters) – At least one person confirmed to have COVID-19 has died in North Korea and hundreds of thousands have shown fever symptoms, state media said on Friday, offering hints at the potentially dire scale of country’s
Police fired tear gas to push back black-clad anarchists who ransacked business premises in Paris on Sunday during May Day protests against the policies of newly re-elected President Emmanuel Macron. Thousands of people joined May Day marches across France, calling for
UN Secretary-General Antonio Guterres meets with Ukrainian President Volodymyr Zelensky on Thursday in Kyiv following talks with Russian President Vladimir Putin in Moscow. Guterres is set to visit Bucha and Irpin, in the Kyiv region, where Russian atrocities are alleged
London (CNN Business)Russia is cutting off natural gas supplies to Poland and Bulgaria after they refused to pay in rubles, dramatically escalating tensions with the West. Poland’s state-run gas firm PGNiG said that it will “entirely suspend” gas supplies along the Yamal
Pakistani officials say an explosion ripped through a van inside a university campus in southern Pakistan, killing three Chinese nationals and their Pakistani driver KARACHI, Pakistan — An explosion ripped through a van inside a university campus in southern Pakistan