It’s pretty unusual for a central banker in a consequential economy to get outflanked by politicians. That is the risk confronting Federal Reserve Chair Jerome Powell when it comes to the pace of rising prices, with potentially significant implications for the American and global economies. The White House is shifting the way it talks about inflation, using plainer language that ...

Bloomberg Philippine President Rodrigo Duterte pushed for opening the economy to more foreign investments in his final address to Congress, where he also pledged pandemic support to help businesses bounce back and defended his much-criticised drug war. Duterte called on lawmakers to amend laws to ease restrictions on international retailers and professionals, as well as to allow foreigners greater ownership ...

Bloomberg India’s digital learning pioneer Byju’s is buying professional training and higher education platform Great Learning for $600 million, accelerating an acquisition spree to expand globally. The cash-and-stock purchase marks an entry to the higher education segment for Byju’s, the company said on Monday in a statement. The sellers of Singapore-based Great Learning will receive certain payments based on its ...