Asian stocks surge after oil falls, easing inflation fearsTokyoโs stock benchmark soared 4% and other Asian markets have surged after oil prices dropped, easing fears inflation was set to accelerate.
US jobless claims rise to 286,000, highest since OctoberThe number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market.
UK raises interest rates as central banks focus on inflationThe United Kingdomโs central bank has become the first in a major advanced economy to raise interest rates since the coronavirus pandemic began.