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UK inflation hits three-year low, fuelling rate-cut hopes
Britain's annual inflation rate fell to a three-year low in September, official data showed Wednesday, fuelling speculation that the Bank of England will resume cutting interest rates next month. - 'Dramatic drop' - It comes after official data on Tuesday showed an easing in Britain's unemployment rate and wage growth, which also bolstered analysts expectations of a rate cut.
World heading into 'the Age of Electricity': IEA
More than half of the world's electricity will be produced by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.
China set to post slowest quarterly growth this year: analysts
China's economy likely expanded at its slowest pace this year, according to an AFP survey ahead of data Friday, as authorities struggle to reignite consumption amid a chronic debt crisis in the property sector.
Asian markets track Wall Street losses on worries over tech rally
Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fuelled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.
Mexico touts foreign investments as IMF warns about reforms
Seeking to calm investor jitters over controversial judicial reforms, Mexico's new president said Tuesday that four foreign companies would invest around $20 billion in the Latin American nation next year. While the confirmed total was more than $20 billion, actual investments could exceed $30 billion by 2025, he said.
Trump's crypto platform falters on first day of sales
Former US president Donald Trump's cryptocurrency platform had a faltering sales launch Tuesday, with only a fraction of its digital tokens that went on the market finding a buyer. The tokens can be used as cryptocurrencies and give buyers a vote on the platform's governance.
Italy turns to banks to balance tight budget
Italian lawmakers adopted a draft 2025 budget late Tuesday financed in part by banks and insurance companies while also offering tax cuts for low-income families, a priority issue for far-right Prime Minister Giorgia Meloni.
United announces $1.5 bn share buyback as earnings top estimates
United Airlines announced a $1.5 billion share buyback on Tuesday as its earnings for the third quarter topped analyst estimates. Alongside its earnings, United also announced a new $1.5 billion share repurchase program -- its first since the onset of the Covid-19 pandemic.
US holiday spending to approach $1 tn: Retail Federation
US consumers are expected to spend close to $1 trillion during the winter holiday season, a slight uptick from the year prior, the National Retail Federation (NRF) said Tuesday.
AFP
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