The Bank of England (BOE) would have preferred to have had more to celebrate on the 25th anniversary of its independence earlier this month. The central bank’s Monetary Policy Committee has one goal, to which everything else is subordinate: to keep overall consumer inflation at 2%. But it has been a year since the inflation rate was that low and ...

The biggest story in Japan was about a man who mistakenly received an entire town’s $360,000 allotment of Covid stimulus money — and chose to gamble it all at an online casino rather than invest. That’s at the heart of an issue once again on the national agenda: Getting the Japanese to put their substantial amount of spare cash into ...

  To soaring prices, plummeting stocks and disrupted supply chains, add another worry for American consumers: an alarming shortage of baby formula. Beyond the current panic, the crisis is an object lesson in how decades of protectionism can culminate in disaster. Reports of empty shelves, rationed supplies, online scams and anxious parents have proliferated in recent weeks. An analysis by ...