As countries across the world try to cope with rising prices, there is perhaps no major economy that understands how to live with inflation better than Argentina. The country has struggled with rapidly rising prices for much of the past 50 years. During a chaotic stretch in the late 1980s, inflation hit a nearly unbelievable […]

WASHINGTON — At the center of the new climate and tax package that Democrats appear to be on the verge of passing is one of the most significant changes to America’s tax code in decades: a new corporate minimum tax that could reshape how the federal government collects revenue and alter how the nation’s most […]

The cost of living is sky-high, and the chair of the Federal Reserve says that battling it is his highest priority. Financial markets don’t know quite how to react. That, in a nutshell, is the situation now, with Jerome H. Powell, the Fed chair, raising interest rates to damp down inflation that hasn’t been this […]

U.S. employers added 528,000 jobs in July, the Labor Department said on Friday, an unexpectedly strong gain that shows the labor market is withstanding the economic impact of higher interest rates, at least so far. The impressive performance — which brings total employment back to its level of February 2020, just before the pandemic lockdowns […]

TOKYO — North Korea has for years lobbed missiles into Japan’s waters without great incident. But for an increasingly powerful and aggressive China to do the same — as it did Thursday as a part of military exercises — has sharply raised concerns in political and security circles from Tokyo to Washington. Beijing’s firing of […]

The Indian government on Wednesday unexpectedly withdrew a proposed bill on data protection that a panel of lawmakers had been laboring over for more than two years, saying it was working on a new law. The abandoned legislation, Personal Data Protection Bill, 2019, would have required internet companies like Meta and Google to get specific […]

The New York Times Company added about 180,000 net digital-only subscribers in the second quarter of the year but generated less digital advertising revenue, it said on Wednesday. The Times now has 9.17 million paid subscribers. It has a goal of 15 million by the end of 2027. The company reported $76 million in adjusted […]

Standing before a hulking metal turbine that normally propels natural gas from Russia to Germany through the Nord Stream 1 pipeline, Chancellor Olaf Scholz of Germany rejected Russia’s contention that technical problems were behind the sharp curtailment in gas flows to Germany. He said the only reason the machine had not yet been returned to […]

“To me, the artist is the person who should be in the foreground,” Mr. Ostin said in 1994. Still, the industry recognized the significance of his work. He was inducted into the Rock & Roll Hall of Fame in 2003, and the Recording Academy honored him with a President’s Merit Award in 2014 and a […]

The number of job openings fell for the third consecutive month in June, a sign that the red-hot U.S. labor market may be starting to cool off. Employers posted 10.7 million vacant positions on the last day of June, the Labor Department said Tuesday. That is high by historical standards but represents a sharp drop […]