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UK inflation in surprise drop to 18-month low
UK inflation in surprise drop to 18-month low
Business and Economy
by  AFP

British inflation unexpectedly slowed in August, data showed Wednesday, hitting an 18-month low and sparking hope this week's widely-forecast interest rate hike by the Bank of England could be its last for now. It comes one day after data showed eurozone inflation also slowed slightly in August.

Asian markets sink with Wall St as rate fears grow ahead of Fed
Asian markets sink with Wall St as rate fears grow ahead of Fed
Business and Economy
by  AFP

Concerns that the Federal Reserve will have to lift interest rates again or keep them at a 22-year high for an extended period weighed on investor sentiment Wednesday as traders await the bank's latest policy decision. That has weighed on risk assets as traders contemplate a drawn out period of high rates with tech firms, which rely on borrowing to fuel growth, among the hardest hit.

High-rises sweep Sao Paulo, but boom casts shadows
High-rises sweep Sao Paulo, but boom casts shadows
Business and Economy
by  AFP

Worried by the surge of skyscrapers fast replacing the houses and historic buildings in her Sao Paulo neighborhood, Rosanne Brancatelli put up a sign on her street: "Don't take away our sun." "Sao Paulo's most iconic samba venue," as she calls it, has already seen all the houses around it give way to tall buildings.

Taylor Swift takes on Hollywood
Taylor Swift takes on Hollywood
Business and Economy
by  AFP

She already rules music, so now it's on to Tinseltown: Taylor Swift's concert documentary is poised to dominate the fall movie season, challenging the hegemony of film studios and consecrating her business empire.