Norway’s central bank raised borrowing costs to the highest level in a decade and signaled a faster pace of future increases than earlier planned in a bid to slow surging inflation.
From the cost-of-living crisis, the political chaos to labor strikes, the UK has it all going against it. The country’s blue-chip index has been the only bright spot -- now that too is coming under threat.
The US and Taiwan will start formal talks on a trade and economic initiative, following through on a long-planned promise to deepen ties amid opposition from China.
U.S. equity-index futures declined, and European stocks wobbled, after the Federal Reserve signaled a delicate balancing act that would see inflation-busting rate hikes continue despite a weakening economy.
Not everyone is happy about the Zimbabwean dollar’s gains.
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