By Rachel Savage and Duncan Miriri
JOHANNESBURG/NAIROBI (Reuters) - China's flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade data.
Chinese leaders have been citing the billions of dollars committed to new construction projects and record two-way trade as evidence of their commitment to assist with... (continue reading...)
LONDON (Reuters) - Prices in British shops rose at the slowest pace in 2-1/2 years this month, according to the British Retail Consortium which said the rate of inflation in the sector was back to normal after its surge.
In a latest sign of easing inflation pressure that will be welcomed by the Bank of England, annual shop price inflation slowed to 0.6% in May from 0.8% in April, the smallest increase since November 2021, the BRC said.
... (continue reading...)By Leika Kihara and Takahiko Wada
TOKYO (Reuters) - The Bank of Japan's key measurements of underlying inflation in April all fell below its 2% target for the first time since August 2022, data showed on Tuesday, heightening uncertainty on the timing of its next interest rate hike.
The weighted median inflation rate, among the three indicators closely watched as a gauge on whether price rises are broadening, rose 1.1% in April from a year... (continue reading...)
BEIJING (Reuters) - China called for attacks on civilian ships in the Red Sea to end and for safe navigation there, when China Foreign Minister Wang Yi met his Yemen counterpart in Beijing on Tuesday.
Wang said China is ready to continue to play a constructive role in the matter, according to a foreign ministry statement.
(Reporting by Liz Lee and Ethan Wang; Editing by Tom Hogue)
By Joanna Plucinska, Lisa Barrington and Rajesh Kumar Singh
LONDON/SEOUL/CHICAGO (Reuters) - Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID travel boom is waning, delivering a setback for airlines struggling with higher costs and limited aircraft availability.
A global imbalance between supply of flights and pent-up demand as air travel opened up after the pandemic drove up ticket prices... (continue reading...)
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