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US consumer inflation heats up but unlikely to deter rate cut
US consumer inflation heats up but unlikely to deter rate cut
Business and Economy
by  AFP

US consumer inflation rose last month to its highest level since January, government data showed Thursday, although analysts believe that this is unlikely to deter the central bank from an interest rate cut next week. All eyes are on inflation numbers this week, given that these typically have some bearing on the Federal Reserve's interest rate decisions.

'Why not?' Europeans warming up to Chinese electric cars
'Why not?' Europeans warming up to Chinese electric cars
Business and Economy
by  AFP

Checking out an electric vehicle made by China's BYD at the Munich auto show, German designer Tayo Osobu was impressed by the interior and said she would consider buying one. At the IAA auto fair in the German city this week, Chinese electric vehicle (EV) makers were out in force, highlighting the determination of the country's fast-growing car giants to make inroads into Europe.