The Fed Is Curbing Inflation, But Consumers Say They’re Still Paying Too Much
Inflation has cooled down from a year ago, but that’s failing to allay the pain of Americans who are still paying up at gas pumps and grocery aisles.
Bloomberg Business
UK’s Liberal Democrats Sniff Power in Hope of 2010 Replay
As orange-wearing Liberal Democrat party activists strolled the sunny seafront in Bournemouth this weekend for their annual conference, a tantalizing prospect buoyed their spirits: The chance to be kingmakers in British politics for the first time in almost a decade.
Sunak May Scrap Part of UK Rail Link Before Tory Conference
Rishi Sunak may announce a decision to scrap a key section of the flagship HS2 high-speed railway line this week, adding to a series of recent policy shifts as the prime minister prepares the party for an election campaign, the Observer reported.
Biden Set to Announce New Embassies in Cook Islands, Niue
President Joe Biden is set to announce the opening of new embassies on Cook Islands and Niue on Monday in a demonstration to Pacific Island leaders that the US remains committed to increasing American presence in the region, the Associated Press reported, citing two senior administration officials it didn’t name.
Chinese Gold Buying Is Driving a Paradigm Shift in Bullion
What determines the price of gold? For much of the past decade the answer was easy: the price of money. The lower rates fell, the higher gold climbed, and vice versa.
Australia Better Prepared for Wildfire Season, Minister Says
Australia, which has warned El Niño conditions will raise wildfire risks in the coming months, is now better equipped to respond to blazes, according to its agriculture minister.
One Year Since Truss-Powered Crash, Ghost of Weak Pound Is Back
One year since former Prime Minister Liz Truss’s spending plans drove the pound to a record low, markets are again turning against the British currency.
China Installs Barrier in Disputed Sea Shoal, Philippines Says
China’s Coast Guard installed a floating barrier in the southeast portion of Scarborough Shoal in the South China Sea that’s preventing access for Filipino fishing vessels, according to the Philippines.
Switzerland Needs Another Major Local Bank, Swatch CEO Says
Nick Hayek, the head of Swatch Group AG, says he regrets the loss of Credit Suisse as it will open Switzerland to more foreign lenders.
How War and Aging Dams Left Libya Exposed to a Climate Superstorm
More than 15,000 Libyans ended up dead or missing as a result of a single night of flooding, a stark demonstration of what happens when warming temperatures collide with aging infrastructure and chronic political instability.
