“Many participants noted that ongoing strong demand for AI infrastructure would likely sustain upward pressure on prices for technology products and electricity.” That line from the Federal Reserve’s June meeting …
Business
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Business
Explained: Trump’s new tariffs on 60 trading partners after Supreme Court setback
by adminby adminThe United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking …
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From pubs to power bills: Burnham pushes cost-of-living relief amid funding questions
by adminby adminNewly appointed UK Prime Minister Andy Burnham has begun rolling out the first wave of his economic agenda, announcing a series of measures aimed at easing cost-of-living pressures for households …
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UK inflation cooled more than expected in June, offering households and the Bank of England a welcome pause before renewed energy pressure begins feeding through to prices. The consumer price …
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The United Kingdom’s ILO Unemployment Rate remained unchanged at 4.9% in the three months to May, according to data published by the Office for National Statistics (ONS) on Tuesday. The …
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Andy Burnham takes office as UK PM: here’s what investors are watching next
by adminby adminAndy Burnham officially became the United Kingdom’s seventh prime minister in a decade on Monday, promising to use his government as a “circuit breaker” for the country’s political and economic …
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Telemundo to air UEFA competitions, including the Champions League, in new rights deal
by adminby adminTelemundo’s coverage of elite, global soccer won’t end after the World Cup final. Telemundo has acquired the Spanish-language broadcast rights in the U.S. for all UEFA men’s club competitions for …
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Andy Burnham’s economic blueprint: How the UK’s next PM plans to drive growth
by adminby adminAndy Burnham will enter Downing Street on Monday with a promise that has eluded successive British prime ministers for more than a decade: reviving economic growth. But unlike his predecessors, …
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Business
US wholesale prices fall unexpectedly in June driven by lower energy costs
by adminby adminUS wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in …
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US CPI falls sharply in June as energy prices tumble, but relief may be shortlived
by adminby adminUS consumer prices recorded their biggest monthly decline in more than six years in June as a sharp drop in energy prices provided temporary relief from this year’s inflation pressures. …