Three provisions in particular stand out. First, the bill kills “transferability”. The IRA incentivised companies with a wide range of tax liabilities to invest in clean energy. The new bill eliminates this sweetener, even for technologies like nuclear power and carbon capture that are generally favoured by Republicans.

As businesses globally fret about sky-high U.S. tariffs reviving rampant inflation, in Australia, the redirection of cheap Chinese goods is expected to provide relief for consumers and policymakers worried about stubborn cost pressures.

Turkey’s central bank kept its year-end inflation forecast unchanged, following a reversal of its monetary-easing cycle in response to March’s currency volatility.

A certain white-knuckle angst accompanied Britain’s early-morning inflation releases in 2022 and 2023, when prices were rising at a pace not seen in decades. Lately, the mood has been calmer. But new figures for April, published on May 21st, brought unwelcome flashbacks to the economists, traders and mandarins watching the data.

FRANKFURT (Reuters) -Euro zone inflation is nearly defeated and trade tensions could weigh on price in the short term, even if a trade way may be inflationary further out, ECB policymakers argued last month,

President Trump’s approval rating slipped slightly this week in the latest weekly Reuters/Ipsos polling, as voters voice economic concerns. The survey put Trump’s job approval at 42 percent, matching the second-term low point recorded last month and down from 44 percent last week. The latest change is within the poll’s 3-point margin of error, but…

Prices in the UK rose by 3.5% in the 12 months to April, with the inflation rate fuelled by higher household energy and water bills. Inflation remains above the Bank of England's target which is 2%. It moves interest rates up and down to try to keep inflation at that level.

Japanese government bonds remained stable on Friday, after a volatile week in which super-long yields hit record highs as inflation and fiscal concerns sapped demand for debt.