International Economic
US personal incomes fall sharply in April, inflation picks up
Personal income growth in the States slowed sharply last month, but only on account of comparison with the previous month, when the Biden administration's mammoth $1. 9trn American Rescue Plan Act kicked into effect.
Bitcoin mine found in UK during police raid
A massive bitcoin mine was found in the UK this week following a police raid on a suspected cannabis farm.
US consumer sentiment deteriorates amid inflation worries
US consumer sentiment deteriorated in May amid concerns about inflation, according to a final reading from the University of Michigan.
Chicago PMI hits best level since 1973
Economic activity in the Chicago area unexpectedly improved in May, according to data released on Friday.
Eurozone economic sentiment hits three-year high
Eurozone economic sentiment hit a three-year high in May, according to figures released on Friday.
Kremlin regrets US decision not to rejoin Open Skies pact
The Kremlin said on Friday it regrets the US’ decision not to rejoin the Open Skies arms control pact.
Japan extends Covid-19 states of emergency ahead of Olympics
Japan was set on Friday to extend a state of emergency in some areas of the country, including Tokyo, until 20 June to try to bring coronavirus cases down.