United Airlines reported another quarterly loss Wednesday on the lingering drag from Covid-19 but offered an upbeat outlook on a travel comeback later in 2022 and in future years.

With his party splintered and Democrats across the coalition that elected him in 2020 unhappy, President Joe Biden has just a few months to try to chart a path out of the malaise or risk getting swamped in the looming midterm elections in which Republicans are seeking to regain control of Congress.

China lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy, after data earlier in the week pointed to a darkening outlook for the country’s troubled property sector.

Consumer prices in Canada exploded to a 30-year-high in December, partly due to supply chain disruption, Statistics Canada said Wednesday.

Sri Lanka’s central bank hiked interest rates Thursday in a bid to tame rampant inflation and discourage consumer spending as the country suffers a foreign currency shortage and teeters on the brink of default.

Lowering the record rate of US inflation will  “be a haul,” President Joe Biden said Wednesday, but he insisted the price increases will subside if supply chain snarls and component shortages are resolved.

The dollar price may cross Rs200 with the sudden imposition of a withholding tax on exchange companies, which are getting notices to the tune of hundreds of millions of rupees from the Federal Board of Revenue (FBR).

Tourism arrivals around the world are not expected to return to their pre-pandemic levels until 2024 at the earliest, the World Tourism Organization said Tuesday.

ExxonMobil pledged Tuesday to reach  “net zero” greenhouse gas emissions in its operations by 2050, but stopped short of extending the promise to products it sells throughout the global economy.

Only eight of Germany’s largest 100 banks had women as their chief executives in late 2021, down from 10 a year earlier, a German Institute for Economic Research (DIW) report found.

Growing fears about the US Federal Reserve’s plans to fight surging inflation by ramping up interest rates hit Asian markets again Wednesday following a hefty sell-off on Wall Street, while oil prices extended their rally after a blast at a key pipeline.

Housewife Maira Tayyab has considered begging for money to feed her family in inflation-hit Pakistan, while shop owner Mohammad Hanif finds his thoughts turning to crime.

US online retail giant Amazon is reconsidering a decision to ban payments in the UK made with Visa credit cards, as the pair seek to resolve a dispute over fees.

Oil prices hit their highest levels in more than seven years Tuesday, driven in part by hopes of a global economic recovery that would ramp up demand.

Confidence among investors in Germany jumped in January, according to figures published Tuesday, shaking off concerns about global supply chain disruptions and the spread of the Omicron variant.

British annual inflation accelerated to a near 30-year high in December, official data showed Wednesday, stoking fears over a cost of living squeeze as wages fail to keep pace.

Bank of Japan (BoJ) revised its inflation forecast on Tuesday and adjusted its view of price risks, while leaving its monetary easing policy in place in a nod to lingering pandemic uncertainty.

The Covid-19 crisis is continuing to hit jobs hard around the world, the United Nations said Monday, warning it could take years for employment levels to reach pre-pandemic levels.

Persistently high levels of ozone pollution in Asia are costing China, Japan and South Korea an estimated $63 billion annually in lost rice, wheat and maize crops, a new study says.

Already rampant inflation in Turkey will rise further in the coming months before declining to around 27 per cent by the end of the year, a Reuters poll showed on Monday, as forecasts soared after a currency crisis in 2021 sent prices rocketing.