From the United States to Germany and Australia, government borrowing costs were set to end February with their biggest monthly rises in years as expectations for a post-pandemic ignition of inflation gained a life of their own.
U.S. Treasury Secretary Janet Yellen told G20 officials that Washington had dropped the Trump administration's proposal to let some companies opt out of new global digital tax rules, U.S. and European officials said on Friday, raising hopes for an agreement by summer.
Bots on major social media platforms have been hyping up GameStop and other "meme" stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy.
The tech-heavy Nasdaq clawed back some losses on Friday, rebounding from its worst day in four months even as sentiment remained fragile, with fears of a rise in inflation keeping U.S. bond yields near a one-year high.
Gunmen seized more than 300 girls in a nighttime raid on a school in northwest Nigeria on Friday and are believed to be holding some of them in a forest, police said.
The U.S. Justice Department said on Friday it would investigate the rising tide of hate crimes in America, as Asian Americans have experienced a growing number of racially motivated attacks since former President Donald Trump began referring to COVID-19 as a "China virus."
U.S. consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new COVID-19 infections dropped, positioning the economy for faster growth in the first quarter.
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