Britain remains on course to have the highest inflation of leading rich economies in 2023, according to Organisation for Economic Co-operation and Development forecasts which showed the country's inflation problem widening compared with most of its peers.

Euro zone consumer inflation in August was slightly lower than initially estimated, the European Union's statistics office Eurostat said on Tuesday, but still remained more than twice the European Central Bank's target.

Japan's exports fell in August for a second straight month, weighed by declines in China's demand for steel and heavy oil and stoking fears of a downturn in the face of elevated interest rates.

The Federal Reserve is grappling with the challenge of rising oil prices as it attempts to guide the economy towards a seldom-seen soft landing. The surge in energy costs, driven by supply cutbacks from Saudi Arabia and Russia, has seen oil prices jump nearly 30% since June, with U.S. crude surpassing $91 a barrel. This increase poses risks as the Fed aims to bring inflation back to its 2% target without sparking an economic downturn.

Amazon said it plans to add 250,000 U.S. workers for the holiday shopping season, 67% more than the number of people it hired for the past two years, as it scrambles to expand next-day delivery for shoppers.

Treasury Secretary Janet Yellen said on Tuesday U.S. growth needed to slow to a pace more in line with its potential rate to bring inflation back to target levels since the economy was operating at full employment.