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Overseas Headlines – May 28, 2026

May 28, 2026

 

 

United States:

US Consumer Spending Edges Up as Inflation Accelerates

 

US consumer spending crept up in April as war-driven inflation pressures sapped incomes and pushed the saving rate to an almost four-year low.

 

Inflation-adjusted consumer spending increased just 0.1% last month, while the personal consumption expenditures price index rose 3.8% from a year earlier, the most since 2023, a report from the Bureau of Economic Analysis showed Thursday.

 

https://www.bloomberg.com/news/articles/2026-05-28/us-consumer-spending-barely-rises-as-inflation-accelerates

 

 

 

Europe:

Oil Investments to Drop for Third Year on War Shock, IEA Says

 

Global investments in oil projects are due to fall for the third year in a row, as the supply shock from the Middle East conflict shifts priorities to new trade routes and other energy sources.

 

Despite higher oil prices, spending on oil projects is set to drop below $500 billion in 2026, according to the International Energy Agency’s annual World Energy Investment report published Thursday.

 

https://www.bloomberg.com/news/articles/2026-05-28/oil-investments-to-drop-for-third-year-on-war-shock-iea-says?srnd=phx-economics-trade

 

 

Asia:

Japan Plans ‘Bridging Bonds’ to Fund Investment Initiatives

 

Japan plans to use so-called bridging bonds to help finance Prime Minister Sanae Takaichi’s investment plans, the government’s top spokesperson said, a development that comes as investors are already concerned about more debt issuance.

 

“Japan has implemented multi-year budget measures through the issuance of bridging bonds backed by funding sources,” Chief Cabinet Secretary Minoru Kihara told reporters Thursday, citing previous examples used to help fund corporate efforts to adopt green technologies.

 

https://www.bloomberg.com/news/articles/2026-05-28/japan-ldp-group-proposes-bridging-bonds-for-investment-plans?srnd=phx-economics-v2

 

 

 

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