The Reserve Bank of India left its key interest rate unchanged for a third straight meeting and ordered banks to set aside more cash to mop up excess liquidity, moves signaling heightened vigilance against food-driven inflation.
The leaders of Brazil, Indonesia and the Democratic Republic of Congo will meet in the central African nation this month for the first trilateral summit on the preservation of the world’s three major tropical forests.
Czech inflation eased further in July, boosting arguments for the central bank to start discussions about the timing and pace of monetary easing.
Typhoon Khanun made landfall in the southern part of South Korea early Thursday, heading on a path that could bring lashing winds and torrential rains to Seoul and then large parts of North Korea.
Pakistan dissolved the national parliament as Prime Minister Shehbaz Sharif moves to hand over power to a caretaker government in the leadup to elections while his rival Imran Khan seeks a court review on his jail sentence that’s barring him from contesting in the polls.
Japanese Prime Minister Fumio Kishida said he planned to provide subsidies for firms that help dependent spouses, who face social security burdens if they earn more than ¥1 million ($6,900)  a year.
A Chinese central bank adviser’s call for private sector reform was deleted from a top think tank’s social media account, a sign of how sensitive the issue is even as the ruling Communist Party vows support for the sector.
The soaring cost of business travel is projected to climb even higher this year and in 2024 as relentless post-pandemic competition for airline seats, hotel rooms and hire cars drives up prices.
While many homeowners are feeling the pain of rising interest rates, those working for building companies may be getting doubly hit. Persimmon, Britain’s biggest homebuilder, this morning said it cut hundreds of jobs in the six months through June as it navigates a housing slump and an uncertain economic outlook. Rival Bellway Plc also warned of job cuts this week in the face of weak demand for new homes.
China hit back at Canada over accusations it was probably behind a disinformation campaign aimed at a lawmaker who has taken a hard line against Beijing, renewing tensions between the nations.
