Rising property prices and rents are leaving working people struggling to live independently, with many young adults unable to move out of their parents' homes despite earning an income
The downward revision to August makes the September print more hawkish than the headline suggests: services prices are accelerating, not just holding. That adds weight to the case for the BoJ’s Outlook Report to effectively declare underlying inflation has reached 2%, and supports December hike pricing, lending the yen modest support into Friday. Short-end JGB yields could edge higher as markets price a firmer BoJ tone. Oil-driven cost pressure from the Iran conflict remains a background inflation risk, but this data shows domestic, labour-driven pressure building too. The vote split and Ueda’s press conference remain the bigger yen catalysts.
minutes agoIone WellsGetty Images"Brazil will not accept being anyone's backyard," Brazil's left-wing President Luiz Inacio Lula da Silva declared in his election victory speech, a message squarely aimed...
QIANDONGNAN, CHINA - OCTOBER 24: Workers produce jewelry products to fulfill orders at a workshop ahead of the upcoming Double 11 shopping festival on October 24, 2026 in Congjiang County, Qiandongnan Miao...
Spain's housing crisis deepens as property prices outpace wages threefold. House prices in Spain have risen more than three times faster than wages over the past decade, with new research revealing that even full-time employment is no longer enough to guarantee access to housing.
China's Ministry of Commerce said on October 26 that in the first nine months of the year, China's wholesale and retail value added reached 11.1 trillion yuan (approximately $1.67 trillion), up 4.4% year on year, 0.7 percentage points faster than in the first half, and accounting for 10.4% of GDP. Total profits at key
Shop price inflation has risen to the highest level in two and a half years, according to the British Retail Consortium, which warned that “the dam is starting to break” when it comes to retailers trying to...
Having lost the first round of Brazil’s presidential election to far right rival Flávio Bolsonaro, incumbent Luiz Inácio Lula da Silva spectacularly triumphed in the second. What comes next for Brazil? The Guardian’s Tom Phillips will be answering your questions from 15:00 GMT today.
Kazuo Ueda, governor of the Bank of Japan (BOJ), speaks during a conference hosted by the bank's Institute for Monetary and Economic Studies in Tokyo, Japan, on Tuesday, May 27, 2025. Kiyoshi Ota | Bloomberg...
Consumer sentiment drops in October on stock market correction, Middle East tensions Korea's consumer sentiment fell in October as a sharp Kospi correction and prolonged Middle East...
Pakistan’s central bank has made external stability the organising principle of monetary policy. But with the rupee appreciating in real terms, reserves barely covering three months of imports, and another...
Switzerland has levied personal wealth taxes at the cantonal level for over a century while remaining a magnet for the rich, ranking fourth in per-capita GDP at $126,177. A retired Treasury adviser, Warren Gorlick, notes that the number of adults with $5 million to $10 million in assets grew 7.4% annually from 2000 to 2025, crediting modest rates: a Zurich couple with $2.5 million pays an effective 0.24%, and a billionaire pays 0.7%. He contrasts that with California's Proposition 40, a one-time 5% levy on billionaires, and with proposals from Elizabeth Warren, Bernie Sanders and Ro Khanna. Gorlick argues a 0.5% U.S. top rate could raise $200 billion a year without driving billionaires abroad.
People walk on the Bund promenade along the Huangpu River in Shanghai on January 19, 2026. Jade Gao | Afp | Getty ImagesHi, this is Anniek, writing to you from Singapore, with Evelyn, who reported from the...
Colombia ranks among the 30 countries with the highest online gambling participation, with 13.8% of internet users aged 16 and older engaging in the activity, according to DataReportal. The country ranks third in South America, behind Brazil and Chile, reflecting the growing importance of digital betting across the region. The global online gambling market generates [...]
France dodged a downgrade, but it doesn't change the challenges ahead French bond spreads extended Friday’s relief rally. The 10y OAT/Bund spread narrowed by more than 10bp to below 155bp. Not...
Baked beans, bottled water and batteries are selling out at supermarkets after the Government warned households to stockpile survival packs in case of cyber attacks.Shoppers were unable to buy several brands...
Houston-area employers cut 7,300 jobs in September, a sharp reversal from the job gains the region typically sees this time of year. The losses spanned every major private-sector industry.
← Back to Newsroom October 26, 2026 · 4:33pm ET | 1:33pm PT Photo: Shutterstock South Africa has the highest online gambling participation rate among...
Eleanor MuellerMon, October 26, 2026 at 8:15 PM UTC1 min readUS-Canada trade deal not as ‘close’ as portrayedA US-Canada trade deal is likely not as imminent as some US officials indicated over the...
China's local government debt—at least $12 trillion, or 64 percent of China's GDP, in 2024—is a major fiscal challenge. What might it mean for China's economy, public services, and stability, and for U.S.-China competition?
I'll get a preview posted for the Japanese data soon (ADDED, here iot is: ). In brief, while the services PPI is rarely a big mover for the yen on its own, but a reading at or above 3.7% would reinforce December hike pricing and lend modest support to the yen and short-dated JGB yields into Friday.
Oct 26 The latest Cattle on Feed report pegged the feedlot inventory at 11.372 million head, fractionally below one year ago. September marketings were down 6.6 percent year over year. Feedlot placements in September were record low for the month and down 12.1 percent year over year. Marketing were about as expected bu
Thailand is tightening payment rules for large companies dealing with smaller suppliers, seeking to ease cash-flow pressures on millions of businesses and reduce their dependence on borrowing. The...
Switzerland has long been famous as a haven for wealth, with Swiss bank accounts drawing money from rich people across the globe. On a per-capita GDP basis, the country is the fourth wealthiest in the world...