Economy
US inflation rises 0.1% in July, easing pressure on the Federal Reserve
US Consumer Inflation Slows in July Driven by Energy Price Retreat
South Africa Unemployment Rate Hits Four-Year High
Rio Tinto secures $2.5bn subsidy deal to transition Tomago aluminium smelter to renewables
U.S. Budget Deficit Surges in July to Highest Level Since March 2021
Norway's Wealth Fund Posts Strongest Quarter Since 2020
UK economic growth slows to 0.4% in second quarter amid energy price spikes
AI data center build-out complicates Federal Reserve inflation fight
UK economy grows 0.4% in second quarter
Official data shows the UK economy grew by 0.4% in the second quarter from April to June, aided by sunny weather, sports events like the World Cup, and despite stagnation in May, while Antofagasta cut its copper output guidance due to extreme weather in Chile.
- UK economy grew 0.4% in the second quarter.
- Antofagasta cut its 2026 copper output estimate following extreme rains and a state of catastrophe in Chile.
- UK economy grew 0.4% in April to June
- Growth was aided by sunny weather and the World Cup
Strait of Hormuz disruptions impact regional shipping and DP World earnings
Panama Canal Fees Surge Due to Climate Pressures and Conflict
Goldman says Japan's yen reserves leave capacity for further interventions
Projected 2027 Social Security COLA adjusted after new inflation report
Commonwealth Bank reports bumper profit as property lending holds up
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