Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed on Thursday, signaling the worst of red-hot price increases may be over.. Between November and December, CPI dipped 0.1 percent, the first time in around two years it logged a month-on-month contraction, government data showed.
Europe's largest known deposit of rare earth elements, essential for the manufacturing of electric vehicles, has been discovered in Sweden's far north, boosting Europe's hopes of cutting its dependence on China.. - From magnets to lenses - Rare earth minerals with names like neodymium, praseodymium and dysprosium are crucial to the manufacture of magnets used in industries of the future, like wind turbines and electric cars.
The United Arab Emirates has agreed to roll over $2 billion owed by Pakistan and provide the country with an extra loan of $1 billion, Islamabad said Thursday.. "The UAE president agreed to roll over the existing loan of US$2 billion and provide a US$1 billion additional loan," a statement from Sharif's office said.
London Mayor Sadiq Khan will in a speech Thursday urge the government to end a "vow of silence" on the "immense damage" to the UK economy caused by Brexit.. That's why I simply can't keep quiet about the immense damage Brexit is doing."
The world is at the "dawn of a new industrial age" of clean energy technology manufacturing that will triple in value by 2030 and create millions of jobs, the International Energy Agency said on Thursday.. "The energy world is at the dawn of a new industrial age –- the age of clean energy technology manufacturing," the IEA said.
Fast Retailing, the parent company of Japanese clothing giant Uniqlo, said Thursday its net profit for the first quarter slid 9.1 percent because of the Covid-19 lockdown in China.. "(The) result was due primarily to a large decline in profits at our Uniqlo operation in the mainland China market caused by Covid-19 restrictions on movement," the company said in a statement.
Consumer inflation in the United States is set to ease further in December, analysts say, in an encouraging trend that could bring some reprieve from rising interest rates.. But analysts expect the consumer price index (CPI), a key inflation gauge, to flatline between November and December in figures due to be released Thursday.
The head of the United Arab Emirates' national oil company was named Thursday as president of this year's COP28 climate talks, prompting fierce criticism from environmental activists.. Sultan Ahmed al-Jaber, who heads up the UAE's Abu Dhabi National Oil Company (ADNOC), will be the first CEO to take the role at the UN summit, said a statement carried by the official WAM news agency.
New research that links cooking with natural gas to around 12 percent of childhood asthma cases has sparked debate about the health risks of kitchen stoves, as well as calls in the United States for stepped-up regulation.. A report released Monday used the same calculation to link 12 percent of childhood asthma to gas cooking in the European Union.
Asian markets rose Thursday as traders grew confident ahead of data later in the day that is expected to show another softening of US inflation, giving the Federal Reserve room to slow its pace of interest rate hikes.. Collins, who is head of the Boston Fed, told The New York Times that slowing the pace of increases would give policymakers a chance to see how their efforts to rein in decades-high inflation were working.
