BUENOS AIRES, Argentina (AP) — Argentina's inflation slowed for the second straight month in May, economic data released Thursday showed, prov…
From
To
FRANKFURT, Germany (AP) — The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the…
Iran's year-on-year inflation reached a record high in May, the worst since World War II. This highlights the economic struggles faced by average Iranians. Iran's Central Bank acknowledged the impact of the war with Israel and the U.S. on the rial currency. Economic mismanagement and corruption are also affecting Iran's oil-backed economy, which remains under a U.S. naval blockade. Past economic pressures have led to nationwide protests. Experts warn that new demonstrations could emerge if economic conditions worsen. The consumer price index rose 77.2% in May compared to the previous year, with daily needs increasing by 113.8%.
U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels. The Conference Board’s consumer confidence index on Tuesday slipped 0.7 points to 93.1 in May, the first decline after three months of gains. Americans have soured on President Trump’s economic policies, polls show, potentially creating problems for Republicans heading into the midterm elections. Gas prices have soared to a nationwide average of $4.49 a gallon from $2.98 just before the war began at the end of February, and have been at or above $4.50 a gallon for nearly all of May.
NICOSIA, Cyprus (AP) — European Union officials said Friday that Europeans can expect oil and gas prices to remain above what they were before…
A worker monitors the inflation of "The Pont Neuf Cave" by French street artist JR on the Pont Neuf bridge in Paris on Wednesday, May 20, 2026, before its free public opening from June 6 to 28. (AP Photo/Thomas Padilla)
UNITED NATIONS (AP) — Responding to Middle East crises and rising oil prices, the United Nations on Tuesday lowered its forecast for global ec…
BUENOS AIRES, Argentina (AP) — At 6 a.m., in the Mataderos neighborhood of Buenos Aires, workers unload sides of beef from a truck outside a b…
President Donald Trump is set to land in Beijing on Wednesday for a state visit with Chinese leader Xi Jinping. Trump told reporters that trade will be the main focus of their discussions. The Trump administration hopes to establish a “Board of Trade” with China to address differences and prevent further trade conflicts. The visit comes at a delicate moment for Trump, with his popularity affected by the U.S. and Israel's war with Iran and rising inflation. Trump also plans to discuss Taiwan and an $11 billion weapons package. He expressed optimism about future relations with China.
FILE - A shopper peruses cheese offerings at a Target store Wednesday, Oct. 4, 2023, in Sheridan, Colo. (AP Photo/David Zalubowski, File)