For New Zealand, having the most hawkish central bank in Asia doesn’t go far enough. Officials are intensifying their battle against inflation, even as confidence ebbs and the vital housing industry teeters. Is the country racing toward a recession? The Reserve Bank of New Zealand (RBNZ) raised its benchmark interest rate by a half a percentage point to 1.5%, ...

  India has surprised and disappointed many of its fellow democracies by refusing to directly condemn Russia’s invasion of Ukraine. Some US officials have even let their frustrations spill out in public. Although understandable, such criticisms are mostly unproductive. The US and its allies should instead concentrate on showing India that the country’s interests are better served through partnership with ...

Bloomberg Tesco Plc warned profit will be squeezed this year as the UK’s biggest supermarket chain battles to keep prices low for consumers facing a cost of living crisis. The stock fell to its lowest level in more than six months. The grocer, along with rivals like Wm Morrison Supermarkets, is grappling with inflation that soared to a 30-year high ...