The Federal Reserve’s preferred inflation gauge showed little progress in August, a trend that is expected to keep the central bank on course for upcoming interest rate cuts.The Commerce Department reported Friday that the core personal consumption expenditures (PCE) price index rose 2.9% from a year earlier, unchanged from July…
Canada on Tuesday reported that gross domestic product rose 0.2% monthly in July, snapping a three-month streak of decline and easing some fears among policymakers and businesses about a looming recession. Data out on Friday showed mining, manufacturing and wholesale trade had all gained to drive the rebound.This follows an…
SovEcon, a leading agricultural consultancy, has announced a downward revision of its forecast for Russia’s wheat exports during the 2025-26 marketing season. The new projection stands at 43.4 million metric tons (MMT), a decrease from their previous estimate of 43.7 MMT. This marks the first downgrade to Russia’s wheat export forecast for…
US consumer sentiment weakened in September, underscoring households’ unease over persistent inflation and a softer labour market outlook.The University of Michigan’s final Consumer Sentiment Index fell to 55.1 from 58.2 in August, marking a 5.3% monthly decline and a 21.6% drop compared with a year earlier.The index was revised further…
Shares of US truck manufacturer Paccar climbed on Friday after President Donald Trump announced new tariffs on foreign-made heavy-duty trucks. The move, framed as a measure to protect domestic manufacturers, sent ripples through global truck stocks and raised questions about the potential long-term impact on the industry.Trump said on Thursday…
Israeli Prime Minister Benjamin Netanyahu delivered a defiant address at the United Nations General Assembly on Friday, insisting that Israel will continue its military operations against Hamas in Gaza despite mounting international criticism. The speech, which drew walkouts from dozens of delegates and widespread protests outside the UN, came amid…
In a bold and deeply divisive move, Prime Minister Keir Starmer has announced a plan for a mandatory new digital ID for the United Kingdom. Billed as a pragmatic solution to illegal immigration, the proposal has instead ignited a political firestorm, sparking fierce opposition and raising profound questions about civil…
US markets closed higher on Friday as investors weighed fresh inflation data, weakening consumer sentiment, and mixed corporate developments. Tesla shares edged up on optimism over its artificial intelligence and robotics expansion, while Toyota issued a recall for its Supra vehicles. Meanwhile, President Donald Trump signaled progress toward a potential…
Denmark is facing its most serious security challenge in years after a string of drone incursions disrupted operations at airports and military bases, prompting authorities to raise alert levels to their highest in a decade. While the government has stopped short of naming a culprit, Prime Minister Mette Frederiksen has…
Ovo Energy, the UK’s fourth-largest residential gas and electricity supplier, is planning to sell a stake in its software arm, Kaluza, at a potential “unicorn” valuation, Sky News has reported. The move is part of a broader strategy to bolster the balance sheet of the company, which serves just under…