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20238 articles published since 08 Mar 2022

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US consumer inflation falls before Fed interest rate decision
US consumer inflation falls before Fed interest rate decision
Economy

US consumer inflation continued to cool last month, according to US government data published Wednesday, giving the US Federal Reserve some positive news shortly before it publishes its latest interest rate decision. Wednesday's data is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged later on Wednesday.

EU to slap extra tariffs of up to 38% on Chinese electric cars
EU to slap extra tariffs of up to 38% on Chinese electric cars
Economy

The European Union threatened on Wednesday to hit Chinese electric car imports with additional tariffs of up to 38 percent from next month following an anti-subsidy probe, a move that risks triggering a trade war. The EU's tariffs, while high, are lower than the United States' 100-percent rate imposed from last month on Chinese electric cars.

Japan enacts law ensuring access to third-party apps
Japan enacts law ensuring access to third-party apps
Technology

Japan on Wednesday enacted legislation to ensure tech giants like Google and Apple give access to third-party smartphone apps and payment systems on their platforms or risk major fines. He did not directly name tech companies such as Google or Apple -- sometimes described as a "duopoly" in the smartphone app world.

UK economy stagnates heading into general election
UK economy stagnates heading into general election
Economy

Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday ahead of the country's general election next month. Britain had emerged from a short-lived recession with growth in the first quarter of this year.

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