Category: World

China consumer inflation rises less than expected in January as producer price deflation persists

Chinese consumers are experiencing “luxury shame” similar to what happened in the U.S. during the 2008-09 financial crisis, according to a June Bain and Company report. Jade Gao | Afp | Getty Images China’s consumer inflation rose less than expected in January while the deflation in producer prices persisted, in a sign of continued deflationary...
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Colombia’s president urges court to allow raising taxes by decree as floods hit northern region

BOGOTA, Colombia — Colombian President Gustavo Petro on Tuesday called on the nation’s highest court to lift a suspension on an economic emergency decree that would grant his government the authority to raise taxes without congressional approval. In a televised Cabinet meeting, Petro said that the government must raise tens of millions of dollars to...
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