Economy

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UK economy stalls in July
UK economy stalls in July
by  AFP

Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government at the end of a turbulent week for Prime Minister Keir Starmer.

US tariffs deal stokes 'monster' pick-up fears in Europe
US tariffs deal stokes 'monster' pick-up fears in Europe
by  AFP

Considered powerful, heavy-duty vehicles by their fans and dangerous gas-guzzling "monsters" by detractors -- could large pick-up trucks, long a staple on US roads, be about to roam in greater numbers across Europe?

Ukraine's energy strikes hit Russians at the pump
Ukraine's energy strikes hit Russians at the pump
by  AFP

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 stocks surge into weekend with US rate cut 'seemingly locked in'
by  AFP

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.

US consumer inflation heats up but unlikely to deter rate cut
US consumer inflation heats up but unlikely to deter rate cut
by  AFP

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.