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.
Business & Financial News, U.S & International Breaking News
Bots hyped up GameStop on major social media platforms, analysis finds
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.
Nasdaq gains ground as tech stocks recover some losses
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 kidnap more than 300 schoolgirls in increasingly lawless northwest Nigeria
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.
Justice Department pledges to investigate, as attacks on Asian Americans increase
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."
Fiscal stimulus fires up U.S. consumer spending; inflation benign
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.
London could lose out to New York under draft EU finance deal: document
The City of London's finance industry would be worse off than rival New York under an early draft for a cooperation agreement in financial services between Britain and the European Union, a document, seen by Reuters, showed.
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