Global leaders urged to join initiative to fight extreme inequality

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The Guardian·18m ago3 outlets

Japan raises interest rates to 31-year high as central bankers fight inflation; retail sales rise in Great Britain – business live

Rolling coverage of the latest economic and financial news The oil price has dropped by 2% this morning, pushed down by hopes that supply disruptions from Saudi Arabia may not be as severe as feared. Brent crude has dropped to $102.55 a barrel, following reports that Saudi authorities hope to bypass a damaged section of its 1,200-km East-West Pipeline and restore roughly half its capacity within days. Continue reading...

CNBC·3h ago

Pokémon card curbs send shares of Japanese online marketplace Mercari on a bumpy ride

Mercari shares are clawing back losses after Pokémon card listing restrictions triggered a selloff earlier this week.

CNBC·4h ago2 outlets

Bank of Japan raises interest rates to 31-year high, flags concerns over inflation

Bank of Japan raises benchmark interest rate from 1 to 1.25 percent, pledging to help counter inflation risks.

BBC Business·4h ago

Japan raises interest rate to new 31-year high to curb rising prices

Central banks around the world have hiked rates as high energy prices are pushing up inflation.

CNBC·6h ago

How record diesel prices will rip through the U.S. economy. Trucks, rails are only the start

Record diesel prices are already walloping the transportation sector, and if energy prices stay high, the economic impact will spread.

CNBC·7h ago

Leading AI labs may need to be nationalized because risks are so high, Palantir's Karp tells CNBC

Palantir CEO Alex Karp called for "reasonable guidelines" on artificial intelligence regulation as tech and policy leaders deliberate over the technology.