Economy
US consumer inflation eases more than expected in August
US consumer inflation eased more than expected last month, according to government data published Wednesday, bolstering expectations that the Federal Reserve will cut interest rates next week.
UK economy stalls, dealing blow to new government
Britain's economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour government that has put growth expansion at the top of its priority list. Analysts had predicted a slight uplift in growth for July, while previous data showed the UK economy grew at a slightly slower pace in the second quarter compared with the first.
Amazon to invest £8 bn in UK in boost for new Labour govt
US tech giant Amazon is to invest £8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday. "I am determined to go further so we can deliver on our mandate to create jobs, unlock investment and make every part of Britain better off.
UniCredit takes stake in Commerzbank, fuelling tie-up talk
Commerzbank shares soared Wednesday after Italian bank UniCredit acquired a nine-percent stake in Germany's second-biggest lender, half of it from the German state, fuelling speculation about a potential takeover.
Nigeria's Dangote refinery caught between promise and reality
When will gasoline from Nigerian tycoon Aliko Dangote’s mega-refinery finally flood the home market? - 'Market realities' - The other big question is how much Dangote’s petrol will cost Nigerians.
Kenya airport strike disrupts flights
Hundreds of passengers were left stranded at Kenya's main airport on Wednesday as staff went on strike over a planned takeover by an Indian company. Freight and passenger fees from the airport account for more than five percent of Kenya's GDP. One stranded passenger, Elvis Mushengu, told AFP he had been waiting through the night.
Property website Rightmove rejects £5.6 bn Murdoch bid
UK online property website Rightmove said Wednesday it had rejected a multi-billion-pound takeover offer from Australian peer REA Group, majority owned by Rupert Murdoch's News Corp empire. "REA Group runs property websites and indices across Australia, Asia and North America, so getting a dominant foothold in the UK would be very attractive," she added.
Spain PM urges EU to 'reconsider' China EV tariffs plan
Spain's Prime Minister Pedro Sanchez said Wednesday the European Union should "reconsider" a plan to impose tariffs of up to 36 percent on Chinese electric cars, calling for a "compromise" between the economic powerhouses.
Harris, Trump cross swords on China and economy in debate
US presidential hopefuls Kamala Harris and Donald Trump clashed on China and economic issues Tuesday, with the Democratic candidate saying he "sold us out" on China while the former president declared "they've destroyed the economy."
Economy
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