Janet Yellen’s comments come as figures show business activity declining across most UK regions

The world’s biggest oil-producing nations cutting production at a time of soaring energy costs is “unhelpful and unwise” for global economic growth, the US Treasury secretary has warned, amid intense pressure from sky-high inflation.

Ahead of meetings hosted by the International Monetary Fund in Washington this week, Janet Yellen said the move by Opec+ – the oil production cartel led by Saudi Arabia, plus Russia – risked undermining the world economy.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

The US and the Holocaust review – unmissable Ken Burns doc reveals how Hitler was inspired by America

The revered documentary-maker brings us a fascinating and unflattering portrait of a…

Local elections and how to maximise the power of the progressive vote | Letters

David Nowell on the problems of leftwing alliances, William Bartram on the…

AI voice synthesising is being hailed as the future of video games – but at what cost?

Tech advances that make it easier to recreate human voices also raise…

Family pays tribute to UK pilot killed in hot air balloon crash

Peter Gregory was described by relatives as a passionate balloonist who died…