The world’s advanced economies are heading into a deepening slowdown as markedly higher interest rates take a hefty toll on activity that could still become more acute, the OECD warned.Growth is losing momentum in many countries and won’t edge up until 2025, when real incomes recover from the inflation shock and central banks will have begun cutting borrowing costs, according to the organization.Inflation eased in Europe, Brazil and Australia in recent readings but remains too high for central bankers’ comfort. Meantime, price pressures accelerated in Japan’s service sector, as well as in Zimbabwe, where officials recently adopted a new inflation metric.Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:WorldThe Organization fo...

ZURICH: Richemont, owner of jeweller Cartier, said on Wednesday it would not inject any cash into online luxury retailer Farfetch, following a report that the latter was exploring going private.Farfetch founder Jose Neves is considering the move after a troubled New York Stock Exchange listing for the loss-making British company, and is working with advisers at JP Morgan, the Telegraph newspaper reported on Tuesday. The company, in which Neves has a stake of 15%, declined to comment to Reuters on Wednesday.Richemont, which has a deal in place to sell its Yoox Net-A-Porter online fashion and accessories business to Farfetch said it was "carefully monitoring the situation." It said it was reviewing its options around the deal, announced in August 2022, under which it will receive an initial ...

China is keen to work with Japan and South Korea to expedite the resumption of negotiations on the trilateral free trade agreement, the Chinese commerce ministry said recently.As Beijing attaches great importance to the talks for the trilateral agreement, positive conditions have been created for the resumption of the negotiations with the implementation of the Regional Comprehensive Economic Partnership (RECP), said ministry spokeswoman Shu Jueting told a news conference.The three countries have high industrial interdependence and strong economic complementarity.China is keen to work with Japan and South Korea to expedite the resumption of negotiations on the trilateral free trade agreement, the Chinese commerce ministry said recently. Positive conditions have been created for the r...