German Inflation Accelerates To 2.2% In August
[ad_1] Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term. The consumer price index rose 2.2 percent year-on-year following a 2.0 percent rise in each of
U.S. Stocks Move Back To The Downside Following Recent Upward Trend
[ad_1] After trending higher over the past few sessions, stocks moved back to the downside during trading on Friday. The major averages all moved lower on the day, with the tech-heavy Nasdaq posting a particularly steep loss. The major averages ended the day off their lows of the session but still in negative territory. The Nasdaq slumped 249.61 points or
IndusInd Bank gets promoter IIHL backing as shareholders weigh in on nominee director proposal
[ad_1] IndusInd Bank on Friday said shareholders rejected its proposal to induct two nominee directors to the board, with 54.04% voting against amending the bank’s articles of association. However, shareholders cleared the appointment of Rajiv Anand as Managing Director and CEO, a move seen as key to steering the lender out of financial stress stemming from past frauds. Promoter entity
A $20 drug bust, a cookout raid, and 1,000 arrests in 2 weeks: What Trump’s crime ‘rescue’ looks like in DC
[ad_1] On a humid Friday night in Washington, DC, Juan Carlos Dela Torre was doing something unremarkable: standing on a sidewalk, smoking a joint. Within minutes, he was in handcuffs. Federal officers confiscated the marijuana, searched him, said they found a small amount of MDMA, and sent him to jail.“I’ve never seen this much police presence in my whole life,”
U.S. Stocks Giving Back Ground Following Recent Strength
[ad_1] Stocks have moved mostly lower during trading on Friday, giving back ground after trending higher over the past few sessions. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a particularly steep drop. Currently, the major averages are off their lows of the session but still firmly negative. The Nasdaq is down 259.36 points
‘Not Modi’s war’: Global voices push back as US tariffs squeeze India; Washington insiders call Delhi a ‘vital partner’
[ad_1] A storm is brewing in Washington after a top White House trade adviser labeled Russia’s invasion of Ukraine “Modi’s war,” drawing sharp criticism not only from New Delhi but also from influential voices in the United States.Jewish lobby defends IndiaThe American Jewish Committee (AJC), one of the most prominent advocacy groups in the US, called the remarks “scurrilous” and
Poland Inflation Eases To 14-month Low
[ad_1] Poland’s consumer price inflation slowed further in August to the lowest level in more than a year, preliminary data from Statistics Poland showed on Friday. The consumer price index climbed 2.8 percent year-over-year in August, slower than the 3.1 percent increase in July. Further, this was the lowest inflation rate since June 2024, when prices rose 2.6 percent. The
Poland Inflation Eases To 14-month Low
[ad_1] Poland’s consumer price inflation slowed further in August to the lowest level in more than a year, preliminary data from Statistics Poland showed on Friday. The consumer price index climbed 2.8 percent year-over-year in August, slower than the 3.1 percent increase in July. Further, this was the lowest inflation rate since June 2024, when prices rose 2.6 percent. The
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
[ad_1] The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6. Economists had consumer sentiment index the consumer sentiment index to be unrevised
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
[ad_1] The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6. Economists had consumer sentiment index the consumer sentiment index to be unrevised
Portugal GDP Growth Improves As Estimated, Inflation Rises
[ad_1] Portugal’s economic growth accelerated as initially estimated in the second quarter, while flash consumer price inflation increased in August, separate reports from Statistics Portugal showed on Friday. Gross domestic product, or GDP, advanced 1.9 percent year-on-year in the June quarter, faster than the 1.7 percent rise in the March quarter. That was in line with the flash data published on
Portugal GDP Growth Improves As Estimated, Inflation Rises
[ad_1] Portugal’s economic growth accelerated as initially estimated in the second quarter, while flash consumer price inflation increased in August, separate reports from Statistics Portugal showed on Friday. Gross domestic product, or GDP, advanced 1.9 percent year-on-year in the June quarter, faster than the 1.7 percent rise in the March quarter. That was in line with the flash data published on
Chicago Business Barometer Slumps Much More Than Expected In August
[ad_1] MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
Chicago Business Barometer Slumps Much More Than Expected In August
[ad_1] MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
Even after 24 Grand Slams, Novak Djokovic says he still has ‘something to prove’
[ad_1] Serbian ace Novak Djokovic has advanced to the third round of the U.S. Open, but the 24-time Grand Slam champion admits to be fighting his inner demons in the final major of the season. Facing Zachary Svajda, Djokovic lost his opening set before bouncing back in the further three ones to emerge victorious by a margin of 6-7(5) 6-3
Spain Inflation Steady At 2.7%; Retail Sales Growth Eases
[ad_1] Spain’s consumer price inflation remained stable in August and retail sales growth softened, official data showed on Friday. The consumer price index posted an annual increase of 2.7 percent in August, the same rate of rise as seen in July, flash data from the statistical office INE revealed. EU harmonized inflation also held steady at 2.7 percent. Meanwhile, underlying
Spain Inflation Steady At 2.7%; Retail Sales Growth Eases
[ad_1] Spain’s consumer price inflation remained stable in August and retail sales growth softened, official data showed on Friday. The consumer price index posted an annual increase of 2.7 percent in August, the same rate of rise as seen in July, flash data from the statistical office INE revealed. EU harmonized inflation also held steady at 2.7 percent. Meanwhile, underlying
U.S. Consumer Prices Increase In Line With Estimates In July
[ad_1] Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations. The annual rate of
Jim O’Neill Named As CDC Acting Director
[ad_1] The White House has named Jim O’Neill as the Acting Director of the US Centers for Disease Control and Prevention. He replaces Susan Monarez, who was removed earlier this week after she refused to step down. The White House fired Monarez citing the reason that she was “not aligned with the president’s agenda.” Dr Monarez’s lawyers said she was
LIC hands over ₹7,324 crore dividend cheque to Government of India
[ad_1] Life Insurance Corporation of India (LIC) on Friday (August 29) handed over a dividend cheque of ₹7,324.34 crore to the Government of India for the financial year 2024–25. R Doraiswamy, CEO and Managing Director of LIC, presented the cheque to Union Finance Minister and Corporate Affairs Minister Nirmala Sitharaman. The dividend amount represents the government’s share, as approved by
EU Leadership Outraged After Russia’s Deadly Attacks Damage Its Ukraine HQ
[ad_1] European Commission President Ursula von der Leyen has expressed outrage at Russia’s latest deadly attacks on Ukrainian cities overnight including the capital, Kyiv. Russia’s most deadly attack on Kyiv since July left 23 people, including four children, dead and dozens injured. The bombing raid also damaged the European Union’s delegation office in Kyiv. The attack struck in close proximity
Italian GDP Contracts As Estimated In Q2
[ad_1] Italy’s economy shrank for the first time in two years as initially estimated in the second quarter, the latest data from the statistical office ISTAT showed Wednesday. Gross domestic product dropped by 0.1 percent sequentially, in contrast to the 0.3 percent expansion in the first quarter. This was the first fall since the second quarter of 2023 and in line with
Japan Housing Starts Fall 9.7%
[ad_1] Japan’s housing starts decreased sharply for the fourth straight month in July, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Friday. Housing starts dropped 9.7 percent year-on-year in July, slower than the 15.6 percent plunge in June. Economists had expected a decrease of 9.6 percent. The data indicated a decrease in new construction across all
Did Robin Westman’s ‘transition’ drugs fuel Minneapolis shooting? RFK Jr blames antidepressants; probe under way | World News
[ad_1] Did Robin Westman’s ‘transistion’ lead to Minneapolis shooting? RFK Jr says he will ‘investigate’ US health secretary Robert F. Kennedy Jr has suggested that antidepressants and ‘transition’-related drugs may have played a role in Wednesday’s mass shooting in Minneapolis, where gunman identified as Robin Westman killed two children inside a Catholic church. Kennedy during a Fox & Friends interview
‘Draconian tariffs’: Chris Wood sees $55-60 billion hit for India; calls it Trump’s ‘personal pique’
[ad_1] Chris Wood further observed that India’s ongoing Russian oil purchases have become a major point. (AI image) The Donald Trump administration’s move to impose 50% tariffs on India is ‘draconian’, according to Jefferies’ emerging markets strategist Chris Wood, who believes that the step will lead to a direct hit of $55-60 billion.According to an ET report, Christopher Wood, Global