Business and Economy

Business and Economy Latest News

US Fed's inflation fight enters new phase
US Fed's inflation fight enters new phase
by  AFP

The US Federal Reserve's united front against inflation could be harder to hold together going into the next hike in September, with strong economic data and falling inflation figures fueling disagreement over the best path forward.

Farage row takes down another top exec at UK bank group
Farage row takes down another top exec at UK bank group
by  AFP

The head of NatWest's private banking arm Coutts resigned on Thursday, the second top executive to quit the group following a row over the closure of the account of arch-Brexiteer Nigel Farage. Peter Flavel, chief executive of Coutts since March 2016, quit the upmarket bank "by mutual consent with immediate effect", NatWest's interim CEO Paul Thwaite said in a statement.

US economy picks up steam despite expectations of slowdown
US economy picks up steam despite expectations of slowdown
by  AFP

The US economy defied expectations to see growth pick up in the second quarter, according to government data released Thursday, supported by business investment and resilient consumer spending. On Thursday, the rise in GDP "reflected increases in consumer spending, nonresidential fixed investment, state and local government spending" and other areas, said the Commerce Department in a statement.

Energy

Money

Industry

Technology

Economy