Colombia President Gustavo Petro slammed the central bank’s decision to raise interest rates, warning that it will throw his country into recession while doing little to contain inflation.
The world sorely needs more grains and Canada has a bin-busting harvest this year -- but shippers fear there aren’t enough rail cars to transport it all.
South Africa’s Eskom Holdings SOC Ltd. will continue to cut 4,000 megawatts from the national grid until 5 a.m. on Thursday due to persistent breakdowns curtailing generation capacity.
The European Union approved a fresh package of Russia sanctions that includes a price cap on oil sales, as Ukrainian President Volodymyr Zelenskiy said his forces were advancing in the south.
The Polish central bank unexpectedly paused its yearlong cycle of interest-rate increases after signs of an impending economic slowdown shifted its focus away from surging inflation.
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