Reuters

Teachers face a harsh lesson as inflation drives up the cost of everything from paper to pencils before the school year begins, leading some to cut back on supplies - or substitute with cheaper items.

Top U.S. and European banks are facing tougher times in the riskiest parts of the loan market.

Some Black farmers say they are disappointed by a new U.S.

Federal Reserve officials are adamant they will keep raising interest rates until high inflation is under control, and the release on Wednesday of the minutes from their July 26-27 policy meeting may shed light on just how aggressive they expect to be.

Malaysia plans to learn from the cannabis policy of neighbouring Thailand in its effort to legalise use of the drug for medical purposes, a health ministry official said on Wednesday, in a country where possession can bring the death penalty now.

The last text message Darin Taylor Hoover sent his mother from Kabul's airport a year ago was short but one she still reads every day.

TikTok will work to prevent content creators from posting paid political messages on the short-form video app, as part of its preparation for the U.S.

German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first half and warned it would take until 2024 before it could return to profit.

German chancellor Olaf Scholz faces lawmakers' questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as he grapples with an energy crisis and the fallout of war.

China's central bank is set to take more easing steps, pressured by a shaky economy that is undercutting jobs, but it faces limited room to manoeuvre due to worries over rising inflation and capital flight, policy insiders and analysts said.

Boeing Co> <BA.N and Northrop Grumman are joining a White House-backed compact to help smaller U.S.-based suppliers increase the use of 3D printing and other advanced manufacturing technologies.

U.S. inflation at a four-decade high has hit lower-income Americans the hardest.

Norway's sovereign wealth fund, the world's largest, made a loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022, it said on Wednesday, as stocks and bonds were hit by global recession fears and rampant price inflation.

French healthcare company Sanofi said it would stop further work on amcenestrant, once seen to have large potential against breast cancer, after a second trial failure dealt a major blow to its drug development prospects.

British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.

Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest.

North Korea fired two cruise missiles from the west coast town of Onchon early on Wednesday, a South Korean military source said.

Asian shares rallied on Wednesday as strong earnings for U.S.

Ukrainian technicians at the Russian-held nuclear power plant hit by shelling work under the barrels of Russian guns and face huge pressure, but they are staying on to make sure there is no Chornobyl-style disaster, one of them said.

Russia blamed saboteurs for explosions at one of its military bases in Moscow-annexed Crimea while Ukraine hinted it was responsible as its officials said their strategy was to destroy supply lines supporting Russia's invasion.

Talks with North Korea should not be for political show but contribute to establishing peace, South Korean President Yoon Suk-yeol said on Wednesday, speaking at a wide-ranging press conference to mark his first 100 days in office.

A Hong Kong court on Wednesday lifted a reporting restriction on a landmark national security case involving a now disbanded group that used to organise candlelight vigils on the anniversary of the Tiananmen Square crackdown.

Stronger-than-expected corporate earnings have helped fuel the rebound for U.S.

Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.

Chinese President Xi Jinping visited the northeastern province of Liaoning on Tuesday, state media reported, as he and other leaders emerge from a two-week absence from public activities, suggesting they had been at their annual summer conclave.

Australia's former prime minister Scott Morrison said on Wednesday he decided to be secretly sworn in to five key ministries during the pandemic because he felt the responsibility for the nation was his alone.

On a June night under the chandeliers of Russia's United Nations mission in New York, dozens of U.N.

Republican Liz Cheney broadened her attack on Donald Trump after losing her Tuesday night primary, saying the former president was spreading an "insidious lie" in alleging that the FBI agents who searched his Florida home were politically motivated.

New Zealand's central bank delivered its seventh straight interest rate rise on Wednesday and signalled a more hawkish tightening path over coming months to restrain stubbornly high inflation.