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US inflation rises ahead of key interest rate decision
Posted onDanielle KayeBusiness reporter Reuters US inflation rose in August at the fastest pace since the beginning of the year ahead of a key Federal Reserve meeting where it will decide whether to cut or hold interest rates. Consumer prices increased 2.9% in the year to August, up from 2.7% the previous month, according to the…
Burnham to set out cost-of-living measures as he tours UK
Posted onThe prime minister is set to announce “a series of measures to make life easier” for those struggling with the cost of living in the coming days, Downing Street says. No 10 says Andy Burnham’s plans are to “give people some room to breathe”. He will also focus on ways of “improving high streets” as…
Who owns TikTok now and how could it change for US users?
Posted onLiv McMahonTechnology reporter Getty Images TikTok has announced a deal allowing it to continue operating in the US. But with the platform’s future in the country seemingly secured, its 200 million American users are expected to see some changes. What is the US TikTok deal? A majority-American board now owns and operates a separate entity…
Trump renews threat to impose 100% tariffs on non-US made movies
Posted onDonald Trump has repeated his threat to impose a 100% tariff on all films not made in the US, claiming the American industry had been “stolen” by other countries. He said on Monday that California had been heavily affected and the levy would “solve this long time, never ending problem”. In May, the US president…
Rate of Iranian ballistic missile launches is declining, western officials say
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Nvidia to invest $5bn in rival Intel
Posted onNvidia, the leading manufacturer of artificial intelligence chips, said it will buy a $5bn (£4bn) stake in Intel – a lifeline for its struggling rival on the heels of a separate investment from the US government. The deal, announced on Thursday, will involve a partnership between the two American companies to make personal computer and…
