UK economy shrank 0.1% in April as Iran conflict weighed on growth
A Chinese start-up's unfolding dilemma exposes cracks in Beijing's tech funding machine
While the U.S. channels support to tech winners indirectly via incentives, Chinese governments at every level take direct equity stakes.
Wholesale prices rose 1.1% in May, more than expected, on surge in energy
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
Wholesale prices rose 1.1% in May, more than expected
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
ECB hikes interest rates for first time since 2023 as Iran war ramps-up energy costs
Consumer prices rose 4.2% annually in May, highest in three years
The consumer price index was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.