AFP
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US consumer inflation edges up in July
US consumer inflation inched up in July, government data showed Thursday, rebounding slightly for the first time in around a year and adding pressure on policymakers as they weigh further interest rate hikes. Farooqi added that the July figures will be "welcome news to policymakers" who have a longer-term target of two percent.
UK retailer Wilko collapses, risking 12,500 jobs
British household goods company Wilko has collapsed owing to big debts, its boss announced Thursday, impacting about 12,500 jobs as high inflation and interest rates hurt consumers and businesses.
Angry Birds maker Rovio's shareholders accept Sega's bid
Shareholders of Finland's Rovio, creator of the Angry Birds franchise, have overwhelmingly accepted Japanese Sega's offer to buy the company, allowing the deal to go through, the Finnish company said Thursday. Rovio said in a statement that 96.3 percent of its shareholders had accepted the offer, which values the company at more than 700 million euros ($770 million).
Inner city delivery hubs raise child health fears after UK court battle
From the third-floor window of a London primary school, parent Sarah Slotover stares out over the industrial site at the centre of a "David and Goliath" battle between online supermarket Ocado and the community. "Ocado suddenly declared that they were going to establish a massive warehouse behind the school," said Slotover.
Asian markets follow Wall St lower ahead of US inflation report
Stocks fell Thursday ahead of much-anticipated US inflation data, which comes against a backdrop of renewed concerns that the Federal Reserve could announce another interest rate hike before the end of the year.
Biden targets China as he touts manufacturing revival at home
President Joe Biden on Wednesday moved to restrict US investment in Chinese technology during a multi-state tour of the Southwest to tout his push to revive American manufacturing after decades of decline. In total, more than half a trillion dollars of investment has flowed into manufacturing and clean energy since the start of the Biden administration in January 2021, Biden said Wednesday.
Disney streaming service sees subscribers fall again
Disney on Wednesday reported a loss for the most recent quarter, with the number of subscribers to its streaming service shrinking again, but a pledge to crack down on password sharing sent shares higher in after-market trades.
'Mother Nature needs money,' Lula tells rich countries at summit
Brazilian President Luiz Inacio Lula da Silva urged wealthy nations Wednesday to fulfill their unkept promises to fund developing countries' fight against climate change, at a summit on saving the world's tropical forests.
Biden announces curbs on US investments in China
US President Joe Biden on Wednesday issued an executive order aimed at restricting certain American investments in sensitive high-tech areas in China -- a move that could further strain ties between the world's top two economies.
AFP
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