Stubbornly high rents and food prices boost US inflation in August

The consumer price index increases by 0.1% in August Rents, food and health care explain the rise in the CPI Core CPI jumped 0.6%; increased 6.3% year-over-year WASHINGTON, Sept 13 (Reuters) – U.S. consumer prices rose unexpectedly in August and core inflation accelerated amid rising rent and health care costs, giving the Federal Reserve ammunition … Read more

Ukraine and Russia: what you need to know now

Firefighters work at the site of a thermal power plant damaged by a Russian missile strike, amid Russia’s attack on Ukraine, in Kharkiv, Ukraine, September 11, 2022. Ukrainian State Emergency/Handout via REUTERS Join now for FREE unlimited access to Reuters.com Register September 12 (Reuters) – Ukrainian forces pushed deeper into territory seized from fleeing Russian … Read more

European stocks and the euro jump on Ukrainian advances in the northeast

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 12 (Reuters) – European stocks surged on Monday after Ukrainian forces made a rapid advance into Kharkiv province in Russia’s worst setback since abandoning its push into Kyiv in March, while the euro extended gains inspired by the European Central Bank last week. On … Read more

Canada’s Conservatives pick populist to try to oust Trudeau’s Liberals

Join now for FREE unlimited access to Reuters.com Register OTTAWA, Sept 10 (Reuters) – Canada’s Conservatives on Saturday picked Pierre Poilievre, a veteran parliamentarian who has promoted bitcoin as a way to fight inflation, to lead the party’s bid to oust the Liberals and Prime Minister Justin Trudeau. Poilievre, 43, won the leadership in the … Read more

Swedes go to the polls in close election

Join now for FREE unlimited access to Reuters.com Register Social Democrat Prime Minister Andersson facing right-wing opposition Kristersson of the Moderates has allied with the Swedish Democrats Campaigns focus on crime and cost of living crisis Opinion polls show the blocs are neck and neck Polling stations close at 6:00 p.m. GMT STOCKHOLM, Sept 11 … Read more

Wall Street posts its first weekly gain since mid-August

Join now for FREE unlimited access to Reuters.com Register Focus on US inflation data next week Kroger rides on higher forecast Analysts attribute the rise to an oversold condition Sept 9 (Reuters) – U.S. stocks rallied on Friday, with major indexes posting their first weekly gain in four weeks as investors resumed buying, dispelling worries … Read more

EU divided over Russian gas price cap amid ‘energy war’

The gas installation is pictured at the Cavern Underground Gas Storage (CUGS) facility in Kosakowo, near Debogorze, Poland April 30, 2022. REUTERS/Kacper Pempel/File Photo Join now for FREE unlimited access to Reuters.com Register Countries resist EU proposal to cap Russian gas price Wider support for cash grants to energy companies Ministers will discuss an exceptional … Read more

ECB raises rates by an unprecedented 75 basis points to fight inflation

Join now for FREE unlimited access to Reuters.com Register Increases deposit rate to 0.75% from zero Eurozone inflation uncomfortably high and rising New ECB forecasts show higher inflation and weaker growth Other rate hikes reported Lagarde will speak at 12:45 GMT FRANKFURT, Sept 8 (Reuters) – The European Central Bank raised key rates by a … Read more

Britain’s new leader Liz Truss finalizes huge electricity subsidy plan

Join now for FREE unlimited access to Reuters.com Register Truss will announce an energy support plan on Thursday The new Prime Minister rules out the exceptional tax on electricity companies Pound falls to lowest since 1985 against US dollar Kwarteng says borrowing will be higher BoE says support for energy could help calm inflation LONDON, … Read more

Putin calls for review of Ukrainian grain deal, accuses West of deception

Putin accuses Kyiv and West of flouting grain deal Says too much grain goes to EU and not to poor countries Said wants to discuss the evolution of the terms of the agreement Plans to talk to Turkish President about it soon KYIV, Sept 7 (Reuters) – President Vladimir Putin said on Wednesday he wanted … Read more