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Trump metal tariffs wreak havoc on US factory
Trump metal tariffs wreak havoc on US factory
by  AFP

In the sweltering US summer, metal containers decorated with snowmen and sleighs are taking shape -- but tempers are also rising as their manufacturer grapples with President Donald Trump's steep steel tariffs. But Trump's tariffs are complicating this task.

'Eat the rich': Venice protests shadow Bezos wedding
'Eat the rich': Venice protests shadow Bezos wedding
by  AFP

At least 500 protesters marched through Venice on Saturday, condemning Amazon founder Jeff Bezos's wedding to journalist Lauren Sanchez, a lavish affair that has drawn backlash in the historic Italian city. The ceremony capped off a week of yacht parties and VIP events, due to end with a lavish ball Saturday night -- as Venetians remain divided over the impact on the city's image.

US inflation edges up as Trump renews criticism of Fed chief
US inflation edges up as Trump renews criticism of Fed chief
by  AFP

The US Federal Reserve's preferred inflation measure logged a mild uptick Friday while spending weakened, triggering another tirade by President Donald Trump against the central bank chair for not cutting interest rates sooner. But central bank officials have not rushed to slash interest rates, saying they can afford to wait and learn more about the impact of Trump's recent duties.

UK govt climbs down on welfare cuts in latest U-turn
UK govt climbs down on welfare cuts in latest U-turn
by  AFP

The UK government backed down Friday on controversial plans to slash disability and sickness benefits after a major rebellion by MPs, dealing a blow to Prime Minister Keir Starmer's authority. The prime minister has a massive majority of 165 MPs, meaning he should be able to force whatever legislation he wants through parliament.

US Fed's preferred inflation gauge picks up as tariff effects loom
US Fed's preferred inflation gauge picks up as tariff effects loom
by  AFP

The US Federal Reserve's preferred measure of inflation edged up in May while spending weakened, government data showed Friday, with policymakers monitoring the effects of President Donald Trump's tariffs in the coming months. But central bank officials have said they expect to learn more about the impact of tariffs over the summer, meaning they will be scrutinizing data in the coming months.