BUSINESS

US Consumer Inflation Edges Up In July

US consumer inflation came in at 3.2 percent in July, ticking up from June's figure according to the Labor Department
US consumer inflation inched up in July, government data showed Thursday, rebounding slightly for the first time in around a year and adding pressure on policymakers as they weigh further interest rate hikes.
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A loss of Disney+ subscribers comes as the entertainment industry giant faces off with striking actors and writers over issue such as the use of artificial intelligence in productions

Disney Streaming Service Sees Subscribers Fall Again

Disney on Wednesday reported a loss for the most recent quarter, with the number of subscribers to its streaming service shrinking again, but a pledge to crack down on password sharing sent shares higher in after-market trades.
A loss of Disney+ subscribers comes as the entertainment industry giant faces off with striking actors and writers over issue such as the use of artificial intelligence in productions

Disney+ Service Sees Subscriber Numbers Shrink

Disney on Wednesday reported that its Disney+ streaming television service lost more than 10 million subscribers in the recently ended quarter, in large part due to the Indian market.
Soaring prices and the loss of value of banknotes mean Cubans have to cram cash into a bag or backpack to pay even minor purchases

Cubans Wary Of Banks As Government Cracks Down On Cash

Accustomed to lugging around thick wads of cash, Cubans are skeptical of government efforts to force them to deposit their money into a crumbling banking system, in an effort to curb runaway inflation and boost liquidity.
Mark Zuckerberg has alleged  'a coordinated effort to selectively use the leaked documents to paint a false picture'

'No Evidence' Facebook Harms Well-being: Global Study

There is "no evidence" that the growth in using Facebook led to "widespread psychological harm", the largest independent scientific study on the topic concluded Wednesday, contradicting previous analyses and widespread perceptions.
Map of Ethiopia locating the Tigray and Amhara regions

Ethiopia Troops Push Back Amhara Fighters: Residents

Ethiopian troops appeared to be pushing back militia fighters in two cities in the conflict-hit Amhara region, residents said Wednesday, after local authorities reported that "relative peace" was being restored.
Deflation refers to falling prices of goods and services and is caused by a number of factors, including waning consumption

China Slips Into Deflation As Post-Covid Recovery Falters

China slipped into deflation as consumer prices contracted last month for the first time in more than two years, official data showed Wednesday, as slowing domestic spending weighs on the country's post-Covid economic recovery.
Meta, the parent company of Facebook and Instagram, is under fire after it blocked media organizations from posting news articles on the Meta-owned platforms

Canada Media Seek Probe Of Meta's News Block

Media on Tuesday asked Canada's competition watchdog to investigate Meta's blocking of news articles on Facebook and Instagram, accusing the tech giant of using its dominance to gobble up online advertising money.
Nigel Farage's complaints about the closure of his account with the upmarket Coutts dominated the news for days

'Stigmatised': Sex Workers Join Criticism Of UK Banks

London-based sex worker Marin Scarlett and right-wing populist Nigel Farage might initially appear unlikely campaigning allies, but when it comes to the pitfalls of banking in Britain they share a common cause.
The threat of recession in the United States and Europe, combined with high inflation, has contributed to weakening international demand for Chinese products

China Reports Biggest Drop In Exports Since 2020

China last month suffered its biggest drop in exports for more than two years, according to official figures Tuesday. The data will likely ramp up calls for leaders to do more to revive growth, having laid out a series of stimulus measures in recent weeks.

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