Ford expects its electric car business to lose $3 billion (£2.4 billion) this year as it ramps up spending on new models and the plants to build them.

With the rise of inflation in the United Kingdom to the largest scale the country has ever witnessed, which lifted the exacerbating price crisis, it was agreed to raise interest in the British Central Bank to confront high prices and inflation, for fear of banks falling into bankruptcy.

Vice Prime Minister for Economic Affairs and Finance, Cho Kyung-ho announced that the Housing prices for official housing complexes decreased by 18.6% for the current year in South Korea.

 The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.