Business and Economy

Business and Economy Latest News

US consumer inflation sees smallest annual rise since 2021
US consumer inflation sees smallest annual rise since 2021
by  AFP

US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates. The July CPI data are good news for US Federal Reserve as it weighs the right time to start bringing interest rates down from a 23-year high.

Mars to acquire Pringles maker Kellanova for nearly $36 bn
Mars to acquire Pringles maker Kellanova for nearly $36 bn
by  AFP

M&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant. This would bring two new billion-dollar brands, Pringles and Cheez-It, into its business.

Energy

Money

Industry

Technology

Economy