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Ukraine's energy strikes hit Russians at the pump
Watching the price tick higher as he filled up his car, Russian pensioner Oleg railed against the recent surge in petrol prices, pushed higher by Ukrainian strikes on Russia's oil infrastructure. Over the summer, a wave of strikes hit processing capacity at several key facilities, pushing fuel prices higher and leading to shortages.
Asian stocks surge into weekend with US rate cut 'seemingly locked in'
Asian markets surged again Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week. A report last week revealed the economy added just 22,000 jobs in August, while revised data showed job growth was more than 900,000 fewer than previously reported in the year through March.
S. Korea workers head home after US immigration raid
Hundreds of South Korean workers were headed back to Seoul on Friday after their detention in a US immigration raid that Hyundai warned will delay completion of its battery factory.
Carmakers to push EU for 2035 combustion-engine ban rethink
Europe's biggest carmakers are to hold talks with EU chief Ursula von der Leyen on Friday as the industry pressures the bloc to revise plans to end combustion-engine vehicle sales by 2035.
US consumer inflation heats up but unlikely to deter rate cut
US consumer inflation rose last month to its highest level since January, government data showed Thursday, although analysts believe that this is unlikely to deter the central bank from an interest rate cut next week. All eyes are on inflation numbers this week, given that these typically have some bearing on the Federal Reserve's interest rate decisions.
Robot dogs, flying cars: five takeaways from the Munich auto show
From "flying cars" to robots and self-driving buses, here are some of the innovations spotted at this week's Munich auto fair, IAA Mobility, one of the world's biggest: 'Give cars wings' Chinese brands showcased their efforts to create "flying cars", small electric aircraft powered by multiple rotors designed for short journeys.
'Why not?' Europeans warming up to Chinese electric cars
Checking out an electric vehicle made by China's BYD at the Munich auto show, German designer Tayo Osobu was impressed by the interior and said she would consider buying one. At the IAA auto fair in the German city this week, Chinese electric vehicle (EV) makers were out in force, highlighting the determination of the country's fast-growing car giants to make inroads into Europe.
China-US talks mark a 'small step' towards Xi meeting Trump
Back-to-back talks between the United States and China's top diplomats and defence chiefs could mark "a small step" towards a meeting between the leaders of the two countries, analysts said, but cautioned against expecting an imminent summit.
France political crisis looms over ECB meeting
France's political crisis will likely take centre stage at a European Central Bank meeting Thursday, with turmoil in the eurozone's second-biggest economy causing a fresh headache for policymakers. But the latest French political crisis has thrown a new curveball at the central bank for the 20 countries that use the euro.
AFP
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