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International Business

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British consumers shop less as inflation reaches record highs

LONDON, England: As prices in stores throughout Britain rise, British consumers shopped less in May and also expressed less confidence ...

New Ireland law to review foreign purchases of sensitive companies

DUBLIN, Ireland: The government of Ireland is preparing a new law to prevent foreign investments in critical technology and infrastructure ...

Toyota reduces July global production goal by 50,000 vehicles

TOKYO, Japan: Amidst semiconductor shortages and COVID-19 parts supply disruptions, Toyota has reduced its July global production target by 50,000 ...

Russian rouble stronger, consumer prices falling

MOSCOW, Russia: Russia's consumer price index has fallen by 0.12 percent for the third consecutive week.This drop in the consumer ...

UK government pledges action after inflation rises 9.1% in May

LONDON, England: Surging food prices in the UK pushed consumer price inflation to 9.1 percent last month, a 40-year record ...

Two years to reduce inflation to 2 percent, predicts Fed's Mester

CLEVELAND, Ohio: It will take two years for U.S. inflation to fall to the central bank's 2 percent target, Cleveland ...

Australia

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Samsung to pay Australia $9.7 million over false waterproof claims

CANBERRA, Australia: Samsung Electronics has been fined $9.65 million by Australia for releasing nine misleading advertisements about the untrue water-resistance ...

The literary life of Frank Moorhouse, a giant of Australian letters

Frank Moorhouse, who died in Sydney on Sunday, made a significant and multi-faceted contribution to Australia's literary life.He was born ...

Cutting crossbench MPs' staffing would be a setback for democracy

My experience as an adviser to Peter Andren - perhaps the first of the modern-day wave of non-party MPs to ...

Former Australian diplomat's Chinese story starting with telegram

© Provided by Xinhua At that time, Jocelyn Chey knew nothing about China, neither its culture nor the history. But ...

In Gee Chun blows lead, rallies to win Women's PGA Championship

Despite shooting a second straight 3-over-par 75 and blowing her chance at a wire-to-wire victory, In Gee Chun sank clutch ...

'Elvis,' 'Top Gun' Tie for Box-Office Crown With $30.5 Million Each

New York - Baz Luhrmann's Elvis Presley biopic 'Elvis' shook up theaters with an estimated $30.5 million in weekend ticket ...