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UK inflation jumps to 40-year high
UK inflation jumps to 40-year high
Business and Economy
by  AFP

British inflation surged to a new 40-year high in July on rising food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of recession. It also projected that the country would enter a recession that would last until late 2023, with official data last week showing Britain's economy shrank in the second quarter.

Muscat shrugs off Iniesta threat as Asian Champions League returns
Muscat shrugs off Iniesta threat as Asian Champions League returns
World
by  AFP

Yokohama F Marinos manager Kevin Muscat said Wednesday his team would not fear Andres Iniesta when they face Vissel Kobe in Thursday's Asian Champions League round-of-16 showdown. Current boss Takayuki Yoshida -- Kobe's third manager this season -- said Iniesta was likely to play against Yokohama after shaking off an injury.

Former Australian PM defends secret power grab
Former Australian PM defends secret power grab
World
by  AFP

Australia's former leader on Wednesday defended secret arrangements he made to swear himself in to key portfolios including defence and treasury, saying he would only have used the roles in an emergency during the Covid-19 pandemic.

South Korea's Yoon says not fixated on record-low approval ratings
South Korea's Yoon says not fixated on record-low approval ratings
World
by  AFP

Battling record-low approval ratings after just three months on the job, South Korea's conservative President Yoon Suk-yeol said Wednesday he was not fixated on his dire polling numbers. His predecessor Moon Jae-in enjoyed approval ratings of about 70 percent at the same stage in his term, polling data showed, and Yoon started work with 52 percent of people polled thinking he was doing a good job.

China heat wave pushes up prices as hens lay fewer eggs
China heat wave pushes up prices as hens lay fewer eggs
Business and Economy
by  AFP

Scorching temperatures in eastern China have pushed up egg prices because hens are laying fewer in a hotter-than-usual summer, local media reported. Provinces including Zhejiang, Jiangsu and Anhui that rely on power from western China have also issued electricity curbs for industrial users to ensure homes had enough power, local media reported.