By PAUL WISEMAN WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the…

Consumer inflation in the Denver-Aurora-Lakewood area slowed to an 8.3% annual rate in May, down from a 9.1% annual rate in March, marking the first time the headline inflation number has fallen in Colorado since November 2020, according to an…

STOCKHOLM (BLOOMBERG) – Europe’s energy crunch is straining budgets as governments boost spending to help consumers and companies weather a spike in heating and electricity costs that risks extending beyond the winter. Record-high power prices have quickly become one of…

SINGAPORE – Wage support and loan schemes should be extended and measures implemented to defray costs to help local firms recover amid the new post-pandemic economy, noted the Singapore Business Federation on Wednesday (Dec 15). The recommendations were among 16…

Singapore and the United Kingdom substantially concluded negotiations on the UK-Singapore Digital Economy Agreement (UKSDEA) yesterday. The agreement covers key areas of the digital economy, such as data, as well as a wide range of emerging and innovative areas such…

SYDNEY (BLOOMBERG) – Australia is weighing plans for a central bank-issued digital currency alongside the regulation of the crypto market as it seeks to overhaul how the nation’s consumers and businesses pay for goods and services. The government will consult…

WASHINGTON (BLOOMBERG) – Federal Reserve chair Jerome Powell, in his first public remarks on the Omicron variant of the coronavirus, said it poses risks to both sides of the United States central bank’s mandate to achieve stable prices and maximum…

LONDON (REUTERS) – Oil prices rose after the United States-coordinated release of emergency petroleum stocks was announced on Tuesday (Nov 23), as the volume of extra petroleum offered to the market proved smaller than traders anticipated. The US will make…

WASHINGTON (REUTERS) – The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday (Nov 23) as part of a plan it hashed out with major Asian energy consumers to lower energy prices,…

SINGAPORE – Smaller firms here performed relatively well in the third quarter compared with the second, despite poorer business conditions amid tighter Covid-19 pandemic measures in July and August, noted data on Friday (Nov 19). An index compiled by OCBC…