Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed
Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is “going to keep pumping.”
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US audit regulator weighs deep staff cuts to unit overseeing accounting firms
PCAOB is taking less confrontational approach as it downsizes Enron-era mandate to scrutinise industry
Turkey scraps inflation target as economic strains deepen
Central bank increases target to 24% from 16% due to accelerating rise in prices triggered by Iran war
Klarna breaks even for first time since blockbuster New York IPO
Shares in European fintech have plunged 70% since September
Americans still feel bad about the economy. When will it get better?
U.S. consumer sentiment has been on a downward trend since the Covid-19 pandemic. Inflation, wars and President Trump’s tariffs are to blame, economists say.
Cuba runs out of diesel and fuel oil
Protests erupt as energy minister admits island has ‘absolutely no’ supplies or reserves