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Hope fizzles for Japan’s ‘revenge spending’ splurge as inflation looms

Hope fizzles for Japan’s ‘revenge spending’ splurge as inflation looms

© Reuters. FILE PHOTO: People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, make their way at a shopping district in Tokyo, Japan, March 16, 2022. REUTERS/Kim Kyung-Hoon By Kantaro Komiya and Kentaro Sugiyama TOKYO (Reuters) – Japanese mother of three Maiko Takahashi was never one to pinch pennies or accept hand-me-downs for her…

Buffett says inflation an issue for Berkshire, it ‘swindles almost everybody’

Buffett says inflation an issue for Berkshire, it ‘swindles almost everybody’

© Reuters. Investors and guests arrive for the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 29, 2022. REUTERS/Scott Morgan OMAHA, Neb. (Reuters) – Warren Buffett said on Saturday that inflation “swindles almost everybody” and that it was “extraordinary” how much inflation had been seen in Berkshire Hathaway…

Yellen urges development banks to mobilize private capital for G7 infrastructure push

Yellen urges development banks to mobilize private capital for G7 infrastructure push

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System, on Capitol Hill in Washington, U.S., April 6, 2022. REUTERS/Tom Brenner/File Photo By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral…