Treasury Secretary Janet Yellen reiterated that she sees a “path” for inflation to come down while retaining a

Doug Burgum, the little-known governor of North Dakota, announced his candidacy for the Republican nomination for president on Wednesday morning, further crowding the Republican field. Mr Burgum, who won re-election in staunchly Republican North Dakota last year, will make his announcement official on Wednesday morning. In a preview video released on Tuesday, he mostly focused on the economy, with a tagline saying “a new leader for a changing economy.” The governor did not mention President Joe Biden in his announcement video, nor did he mention former president and current candidate Donald Trump in the video. “Anger yelling and fighting,” he said. “That's not gonna cut it anymore. Let's get things done.” Mr Burgum’s entrance into the 2024 Republican presidential primary field makes him the third candidate to throw his hat into the thing during the last week alone. On Monday, former vice president Mike Pence and ex-New Jersey governor Chris Christie filed the requisite paperwork with the Federal Election Commission to be counted as candidates in next year’s GOP primary. Mr Christie, a former ally of Mr Trump who is recasting himself as a critic this time around, kicked off his campaign at St Anslem’s College in New Hampshire on the night of 6 June. Mr Pence is set to hold a kickoff rally on Wednesday and follow that up with a CNN town hall appearance that evening. The three candidates who’ve jumped in this week are joining a primary field as diverse as any the GOP has ever had. Three primary candidates — Sen Tim Scott (R-SC), former South Carolina governor Nikki Haley, and businessman Vivek Ramaswamy — are persons of colour, as is right-wing talk show host Larry Elder. The two frontrunners in the race, Mr Trump and Florida Governor Ron DeSantis, both hail from the Sunshine State, while little-known businessman Perry Johnson is a resident of Michigan. Read More Mike Pence announces 2024 run with video calling for ‘different leadership’ Trump ridicules Chris Christie’s weight in edited 2024 campaign launch video

The UK’s opposition Labour Party is on track for a landslide victory at the next general election, according

Former vice president Mike Pence on Wednesday announced that he is entering the running for the 2024 presidential election, setting up a heated competition for the Republican nomination with former president Donald Trump. More follows

European Central Bank Governing Council member Klaas Knot warned that prolonged inflation may prompt further increases in borrowing

BlackRock Inc.’s head of China operations resigned, adding to the company’s challenges as competition intensifies in the 130

The bearish tide against Chinese equities is growing but for some money managers, the stocks are value for

Former New Jersey governor Chris Christie launched his campaign for president on Tuesday at a town hall in Manchester, New Hampshire. This is the second time Mr Christie has made a bid for the White House, the first being in 2016 when he lost to former president Donald Trump. Though Mr Christie lent his support to Mr Trump in 2016 when he dropped out of the race, he has since changed his opinion of the former president and become a vocal critic of Mr Trump. That was evident on Tuesday, as he denounced his former ally as a corrupt narcissist and vowed to draw blood in his quest for the Republican nomination. He did so several times during the town hall event, including at one point when he tore into the former president’s family for “breathtaking” levels of corruption and “grift” that he said followed them through the White House and beyond. The former New Jersey governor plans to position himself as a moderate Republican alternative to both Mr Trump and Florida Governor Ron DeSantis, while promising an aggressive campaign unafraid to punch at his rivals. Read More Chris Christie gave Trump legitimacy. Now he can’t stop Trump in 2024 Chris Christie targets his ‘divisive’ former friend Donald Trump as he sets up bitter 2024 battle Mike Pence suffered the wrath of Trump. Now the ex-vice president wants his old boss’s job in 2024

Pope Francis is hospital for surgery on his intestine, the Vatican has said. The pontiff, 86, is to be put under general anesthesia for the operation this afternoon and will be hospital for several days. The operation at the Gemelli hospital in Rome is due to an “incarcerated incisional hernia”. It comes two years after he had 33 centimeters (13 inches) of his colon removed because of an inflammation and narrowing of the large intestine.

Ivan Menezes, the former Diageo Plc chief executive officer and one of the most respected bosses among the

India’s monsoon rains will likely start in 48 hours after a severe storm delayed the weather event vital

The pace of declines in the Turkish lira hastened in early Wednesday trading amid increasing signs that policy