New Consumer Price Index data shows a slight change in inflation, but prices remain high for Americans in different sectors. CBS News' Kelly O'Grady and Olivia Rinaldi report.
India’s parliament passed a bill that will open up its nuclear industry to private firms and unlock investment opportunities worth $214 billion, after tight regulations stifled the sector for decades.
Electricite de France SA raised its cost estimates for the six nuclear reactors it plans to build in its home country by 8% to €72.8 billion ($85 billion), highlighting the funding challenge faced by the state-owned utility as construction costs continue to rise.
Another reduction expected next year but monetary policy committee is deeply divided over inflation prospectsBusiness live – latest updatesRachel Reeves has reason to be cheerful. After last month’s budget, the Bank of England cutting interest rates will come as an early Christmas tonic for the chan…
Iran’s currency depreciated to record lows against the dollar this week as multiple challenges including oil sanctions, regional tensions and spiraling inflation plague the economy.
The Czech central bank held borrowing costs at its last policy meeting of the year after the new government’s plans blurred the inflation outlook and investors curbed bets on an interest rate hike next year.
The Bank of England cut interest rates to the lowest in almost three years in a pre-Christmas boost for UK households, and suggested inflation is cooling enough for it to ease policy further in 2026. The Monetary Policy Committee voted 5-4 to lower the benchmark rate by a quarter point to 3.75%, min…
Quarter-point cut widely forecast in City following steep fall in inflation and weak economic dataThe Bank of England has cut interest rates by a quarter point for the fourth time this year, delivering a pre-Christmas boost to the struggling UK economy.After leaving borrowing costs on hold in a spli…
Germany will increase federal debt sales by a fifth next year to a record €512 billion ($601 billion) to fund a spending splurge aimed at fixing its crumbling infrastructure and modernizing its armed forces. Ven Ram from Bloomberg MLIV describes it as a "game changer".
Data: American Edge Project and Technology Councils of North America; Map: Axios VisualsNearly 3,000 new data centers are under construction or planned across the U.S., per a new analysis shared first with Axios — adding to the more than 4,000 already in operation.Why it matters: Big tech and many l…
Social Mobility Commission report highlights ‘extreme regional differences’ in terms of childhood, jobs, innovation and growthFormer industrial communities across Britain are facing “entrenched disadvantages” stretching back decades, the latest social mobility research has warned.It raises specific …
Rolling coverage of the latest economic and financial newsUK inflation falls sharply to 3.2% amid slowdown in food price risesOver in Beijing, China’s commerce minister has criticised the European Union’s investigations into whether Chinese companies are unfairly subsidised by the state.The ministry…