Keith Richards discusses Royal Bank

South Africa Confirms Fuel Subsidy Will End as Prices Jump 11%

South Africa’s government confirmed that it will end a temporary reduction in the fuel levy next month as it announced a 10.6% increase in the gasoline price, pushing it to a new record.

Kellogg’s Loses Bid to Block New UK Rules to Tackle Obesity

Kellogg Co. lost its bid to block the UK’s new curbs on the promotion of unhealthy foods after a London judge threw out the suit as he called the moves to fight obesity “compelling.”

UK Petrol Prices Hit New Record as Drivers Stage Go-Slow Protest

Petrol prices in the UK surged to another record, triggering a wave of go-slow protests on the nation’s motorways.

A valve wheel on pipework at the Radeland 2 compressor station for the European Gas Pipeline Link (EUGAL), a downstream pipeline for Nord Stream operated by Gascade Gastransport GmbH, in Radeland, Germany, on Friday, March 11, 2022. The European Union, which is dependent on Russia for about a third of its gas consumption, laid out measures this week to wean the region off Russian supplies this year but any immediate disruption would have widespread economic consequences, with soaring wholesale prices crippling industry and sending inflation even higher. Photographer: Liesa Johannssen-Koppitz/Bloomberg

Russian Gas Threat Has German Bankers Fearing Default Spike

Germany’s banks would be forced to put extra funds aside to cover a potential spike in defaults if the country were to get cut off from Russian gas, several senior bankers said.

A customer prepares Japanese 1,000 yen banknotes while making a purchase an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022. Japan's key inflation gauge stayed above the Bank of Japan's target level of 2%, a result that will likely keep speculation alive over possible policy adjustments at the central bank. Photographer: Kiyoshi Ota/Bloomberg

Weak Yen Impact on Japan’s Inflation Limited, Price Expert Says

The recent sharp weakening of the yen has only had a limited impact on Japan’s key price gauge, according to a researcher of currencies and prices.

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