Economy · Important news for 13 August 2026
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
Rio Tinto reached a $2.5bn power supply deal with the federal and New South Wales governments to transition Australia's largest aluminium smelter to 100 percent renewable energy by 2033.
- Rio Tinto struck a $2.5bn subsidy deal with federal and NSW governments.
- Tomago aluminium smelter will run entirely on renewable energy by 2033.
- The agreement includes a 10-year below-market power supply guarantee starting after December 2028.
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
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
That's all the important news for now
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