Russian ruble is at strongest level in 7 years despite sanctions:

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki |: Nurphoto |: Getty Images: Russian ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Russian ruble is at strongest level in 7 years despite sanctions:

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki |: Nurphoto |: Getty Images: Russian ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Fed’s Powell facing rising criticism for inflation missteps:

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the US economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation has proved higher and far more persistent: than he or the Fed’s staff economists … Read more

Rail strikes and labor shortages are hurting UK economy:

The problem escalated Tuesday: as thousands of rail workers went on: strike over demands for better pay and working conditions – the biggest walkout on the railways in 30 years – bringing large parts of the network to a halt. More strikes are set for Thursday and Saturday. A separate strike by workers on London … Read more

Inflation and recession fears are squeezing some industries more than others:

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson |: AFP |: Getty Images: People still appear willing to shell out to travel, go to the movies and have a drink … Read more

Inflation and recession fears are squeezing some industries more than others:

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson |: AFP |: Getty Images: People still appear willing to shell out to travel, go to the movies and have a drink … Read more

How did the Russia-Ukraine war trigger a global food crisis? |: Explainer News:

Russia war in Ukraine is preventing grain from leaving the “breadbasket of the world” and making food more expensive across the globe, threatening to worsen shortages, hunger, and political instability in developing countries. Together, Russia and Ukraine export nearly a third of the world wheat and barley, more than 70 percent of its sunflower oil … Read more

What’s at stake as Australia’s Albanese visits Indonesia? |: Politics News:

Medan, Indonesia – Australia’s Prime Minister Anthony Albanese and Foreign Affairs Minister Penny Wong are due to arrive in Jakarta on Sunday in a sign that the country’s newly-elected Labor administration wants to breathe new life into Australia’s relationship with its closest neighbor. There is hope that Wong in particular, who was born in Malaysia, … Read more

US job market divide boosts some workers’ prospects, puts others on notice:

A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt |: Getty Images: Cracks are forming in the US labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more … Read more

US job market divide boosts some workers’ prospects, puts others on notice:

A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt |: Getty Images: Cracks are forming in the US labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more … Read more