Australian inflation is rising farther, according to new data that increases the likelihood of the central bank next week hiking interest rates for a fourth consecutive month.

South Korea’s SK Group plans to invest $22 billion in the United States on industries including semiconductors, green energy and bioscience.

Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency.

Global stock markets are mixed as investors brace for another sharp interest rate hike by the Federal Reserve to cool inflation.

BEIJING – The leaders of China and Indonesia pledged on Tuesday to scale up bilateral trade and expand cooperation in areas such as agriculture and food security, following a rare visit to COVID-wary China by a foreign head of state.

Business leaders and officials from eight developing nations meeting in Bangladesh say more cooperation is needed among them to overcome dwindling foreign currency reserves, a growing energy crisis and supply chain disruptions.

The Russian central bank diverged from its Western counterparts by slashing its key interest rate just a month after dropping it to where it was before the country sent troops into Ukraine.

Declaring a global emergency means the monkeypox outbreak is an “extraordinary event” that could spill over into more countries and requires a coordinated global response.

There were no reports of any damage but stones could be seen raining down up to 1.5 miles away from the Sakurajima volcano, according to public television channel NHK.