America’s annual rate of inflation as measured by the official consumer-price index jumped again in March to 8.5%, from 7.9% in February. Inflation is being fuelled by surging energy and commodity prices.
TopThe world this week:business
The yields on short-term American bonds rose significantly, an indicator that markets are expecting hefty interest-rate rises from the Federal Reserve. Pressure on bond yields was felt globally. Japan’s central bank offered to buy an unlimited amount of government bonds, an intervention designed to protect its 0.25% cap on Japan’s ten-year yield.
TopMorocco scents victory in Western Sahara
THE BATTLE over Western Sahara has long felt as sluggish as the region’s barely shifting sand dunes. It is almost half a century since Morocco claimed sovereignty over the slice of desert, previously a Spanish possession, that runs 900km (560 miles) along the Atlantic coast, south of Morocco proper.
TopWhy it costs so much to move goods around Africa
IF TIME IS money, then Beitbridge must be a most expensive place. Late last year lorries carrying, among other things, cobalt from Congo, copper from Zambia and tea from Malawi snaked for miles as they waited to cross the Limpopo river into South Africa.
TopThe world should welcome the rise of the robots
THE WORD “robot” was coined in 1920 by the Czech playwright Karel Capek. In “R.U.R.” (“Rossum’s ...
TopHotThe world this week:business
America’s annual rate of inflation as measured by the official consumer-price index jumped again in March to 8.5%, from 7.9% in February. Inflation is being fuelled by surging energy and commodity prices.
The world this week:Politics
Russia said it would scale back its attacks on Kyiv, the Ukrainian capital, and another northern city, Chernihiv, to concentrate on eastern Ukraine. More shells fell on both cities, but there were reports of withdrawals by Russian troops. Russia said it had achieved its goals near Kyiv, despite having conspicuously failed to capture the city.
TopThe world this week:business
The yields on short-term American bonds rose significantly, an indicator that markets are expecting hefty interest-rate rises from the Federal Reserve. Pressure on bond yields was felt globally. Japan’s central bank offered to buy an unlimited amount of government bonds, an intervention designed to protect its 0.25% cap on Japan’s ten-year yield.
TopMorocco scents victory in Western Sahara
THE BATTLE over Western Sahara has long felt as sluggish as the region’s barely shifting sand dunes. It is almost half a century since Morocco claimed sovereignty over the slice of desert, previously a Spanish possession, that runs 900km (560 miles) along the Atlantic coast, south of Morocco proper.
TopWhy it costs so much to move goods around Africa
IF TIME IS money, then Beitbridge must be a most expensive place. Late last year lorries carrying, among other things, cobalt from Congo, copper from Zambia and tea from Malawi snaked for miles as they waited to cross the Limpopo river into South Africa.
TopThe world should welcome the rise of the robots
THE WORD “robot” was coined in 1920 by the Czech playwright Karel Capek. In “R.U.R.” (“Rossum’s ...