Tag: Breaking News: Economy
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UK inflation jumps to 3.1% as energy costs soar
The reading comes just hours before the Bank of England updates its monetary policy.
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Indonesia’s new finance minister faces an uphill battle on fiscal credibility
Nazara, sworn in hours after Purbaya’s dismissal, spent seven years as deputy finance minister and led the ministry’s fiscal policy agency from 2015 to 2019.
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Private sector is ‘the right place’ to solve AI threats, White House’s Hassett says
President Donald Trump’s AI-friendly administration argues U.S. dominance over China in the fast-expanding industry is essential.
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Potential AI slowdown is not ‘end of the world’ for data center real estate, says Digital Realty CEO
Digital Realty and Equinix, two of the largest data center REITs, saw their stocks slump after warnings over AI advancements.
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Treasury hits Russia’s VTB Bank with new sanctions over Iran ties
The new Russian bank sanctions follow a small handful of other actions that the Trump administration has taken since vowing to inflict “economic D-Day” on Iran.
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Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.
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China’s Xi urges BRICS nations to work towards peace in the Middle East
China, Iran’s biggest trading partner and a key customer of Tehran’s energy exports, is willing to work with BRICS towards peace in the region, Xi said.
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Inflation is outpacing wage growth again, squeezing Americans’ paychecks
In August, consumer prices rose 3.4% over the past year while wages increased just 3.1%.
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Trump’s America-first world is pushing other powers to hedge their bets
Xi, Putin and Modi meet in New Delhi as U.S. tariffs, sanctions and the Iran war test whether BRICS members can find more common ground.
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Saudi Arabia shut down East-West crude oil pipeline after multiple attacks
Iran-allied Houthi militants in Yemen have escalated strikes on Saudi Arabia this week.
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