Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion
DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get…
Job openings fell again in April, hitting lowest level since February 2021 in a sign of labor market weakening
Job openings fell more than forecast in April, signaling a potential weakening in the labor market that could provide the…
Turkey’s inflation passes 75% in what economists believe is peak
Inflation in Turkey topped 75% in May, up from 69.8% in April, in what economists expect to be the peak…
OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says
The prominent OPEC+ oil producers’ alliance is awaiting concrete central bank action on interest rates before factoring in the potential…
The Fed’s preferred inflation measure rose 0.2% in April, as expected
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according…
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did…
Fed’s favorite inflation gauge is expected to show very slow progress on Friday
Inflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to…
Global debt has grown to $315 trillion this year — here’s how we got here
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt…
The Fed probably won’t be delivering any interest rate cuts this summer
Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will…
British retail sales plunge 2.3% in April, missing estimates
LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…
