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The former finance chief was also ordered to pay $8.9 million in restitution after helping to build “a web of deceit and manipulation,” according to the court.

Sony has raised PlayStation 5 prices Europe, Australia, and New Zealand, citing a "challenging economic environment, including high inflation and fluctuating exchange rates."

Not since the early weeks of the pandemic have Americans been this certain that unemployment will spike.

Americans’ expectations for near-term inflation hit the highest level since the fall of 2023 in March, amid a souring in the public’s assessment of their personal finances and hiring prospects, a report from the Federal Reserve Bank of New York said on Monday. The bank said that in its latest Survey of Consumer Expectations, respondents see inflation a year from now at 3.6%, up from 3.1% in February, matching the same level last seen in October 2023. The sharp increase in near-term expectations came as the projected level of inflation three years from now held steady at 3%, while the forecast for inflation in five years tipped down to 2.9% in March from 3% the prior month.

Welcome to the virtual broadcast of the World Economy Summit 2025 — twelve sessions over three days dedicated to advancing dialogues that catalyze global growth and fortify resilience in an uncertain, shifting global economy.

With global trade deeply uncertain and a tariff war causing havoc on financial markets, Germany's next government is hoping to unleash domestic consumption to revive stalled growth in an economy that has been driven for decades by exports. Conservative chancellor-in-waiting Friedrich Merz, in a newly forged coalition with the centre left Social Democrats (SPD), has announced policies such as tax cuts and raising the minimum wage. He hopes these measures will increase purchasing power and support domestic demand.

LONDON (Reuters) -OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs announced by the United States. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand would rise by 1.30 million barrels per day in 2025 and by 1.28 million bpd in 2026. Both forecasts are down 150,000 bpd from last month's figures.