Page 55 - Bon News Today

The UK this week will face up to surging inflation and labor strikes as well as a rising risk of recession in a series of setbacks that have echoes of the 1970s.

Former Treasury Secretary Lawrence Summers renewed his criticism of Federal Reserve economic forecasts, saying that the US unemployment rate would need to increase by much more than policy makers anticipate in order to quell inflation.

Stocks struggled for traction Wednesday and US equity futures made modest gains ahead of a Federal Reserve meeting that’s expected to deliver a hefty interest-rate hike to fight inflation.

An impatient Indian investor class, largely driven by millennials, is leaping into riskier investments from peer-to-peer lending to cryptocurrencies in the hope of boosting returns rocked by one of the worst inflation rates in Asia.

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Jamal Akil Robinson offered just 30 minutes for his first get-together with Edna Tafari Makonnen, an Ethiopian princess. When the meeting ran to an hour, he saw it as a good sign.

Stocks fell Thursday and bonds were again on the back foot, weighed down by the impact of high inflation.

JUNE 9 ― Relative to the long list of problems Malaysia is facing, permissibility for Muslims to attend the Bon Odori festival is certainly bottom-tier, if not a non-issue....

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