Sudan floods kill 14, destroy hundreds of homes
At least 14 people have died and hundreds of homes damaged after heavy rains and floods struck northern and southeastern Sudan, local authorities repo...
U.S. consumer prices rose at their fastest pace in five months in June, signaling the early impact of tariffs on inflation. However, subdued demand and falling service prices may keep the Federal Reserve cautious about rate changes.
Consumer inflation in the U.S. picked up in June, with the Consumer Price Index (CPI) rising 0.3%—the sharpest monthly increase since January—driven by higher costs for goods and housing.
The data suggests early signs of tariff pass-through, particularly following President Donald Trump’s announcement of sweeping new import duties.
Despite this uptick, core inflation remains relatively muted due to easing service prices, including hotel stays and airfares. Economists expect more significant tariff-related price pressures in the coming months, especially on imported goods like appliances and apparel.
Food and fuel also saw modest gains, while used car prices declined. The core CPI, excluding food and energy, rose 0.2% in June and 2.9% annually. Economists say the Fed is likely to keep interest rates unchanged at its upcoming meeting, awaiting more data before making any policy shifts.
While Trump continues to call for rate cuts, most Fed officials remain cautious, pointing to lingering uncertainty over inflation’s trajectory and labor market signals. Market reactions were mixed, with stocks steady and bond yields slightly higher.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
The S&P 500 closed lower on Monday (25 August) as investors turned their attention to Artificial Intelligence (AI) chipmaker Nvidia’s upcoming quarterly results, following Friday’s rally that saw the Dow Jones Industrial Average close at a record high.
The global market for chemical enhanced oil recovery (EOR) is set to expand significantly over the coming decade. According to Allied Market Research’s 'Global Oil Recovery Market Report,' the market, valued at $900 million in 2021, is expected to grow at an average annual rate of 4.6%, reaching $1.
British American Tobacco (BAT) is preparing to sell its first disposable vape in the U.S. reversing years of opposition to unauthorised devices amidst a booming $8 billion market for synthetic nicotine products.
Large investors, wary of September’s traditional seasonal downturns, moved to lock in profits on Tuesday, according to traders and research firms – a sign that the sell-off in technology shares may reflect a broader retreat from risk.
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