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EU confronts Chinese subsides with electric car probe
EU confronts Chinese subsides with electric car probe
by  AFP

Brussels will investigate Chinese state subsidies for electric cars, the EU chief said Wednesday, vowing to defend Europe's industry from unfair competition. European Commission president Ursula von der Leyen announced the anti-subsidy investigation, vowing to defend Europe's manufacturers.

US consumer inflation ticks up in August on gasoline prices
US consumer inflation ticks up in August on gasoline prices
by  AFP

Consumer inflation in the United States picked up in August for a second straight month, according to government data released Wednesday, putting the heat on policymakers as they work to lower prices. The consumer price index (CPI), a key inflation gauge, jumped 3.7 percent from a year ago, picking up pace from July's 3.2 percent figure, said the Labor Department.

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