Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in July, the U.S. Bureau of Labor Statistics (BLS) reported on Wednesday. This figure was lower than market expectations of 3.3%. The United States will release its August Producer Price Index (PPI) on Wednesday. The report, compiled by the Bureau of Labor Statistics (BLS), will be released one day before the Consumer Price Index (CPI) for the same month, scheduled for Thursday. Both indexes measure inflation, with the CPI focusing on the total...
Prime Minister Benjamin Netanyahu said on Thursday that the change or fall of Iran's leadership was not a goal of Israel's attacks but could be a result. "The matter of changing the regime or the fall of this regime is first and foremost a matter for the Iranian people. There is no substitute for this. "And that's why I didn't present it as a goal. It could be a result, but it's not a stated or formal goal that we have," Netanyahu said in an interview with Israel's Kan public television. He said Israel had the power to remove all of Iran's nuclear facilities, whether U.S. President Donald...
President Donald Trump will decide in the next two weeks whether the U.S. will get involved in the Israel-Iran air war, the White House said on Thursday, raising pressure on Tehran to come to the negotiating table. Citing a message from Trump, White House Press Secretary Karoline Leavitt told reporters: "Based on the fact that there's a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks." The Republican president has kept the world guessing on his plans, veering from...
Iran has been weighing its options in responding to its biggest security challenge since the 1979 revolution. A member of the Iranian Parliament's National Security Committee Presidium, Behnam Saeedi, told the semi-official Mehr news agency Iran could consider closing the Strait of Hormuz, through which 20% of daily global oil consumption passes. Tehran has in the past threatened to close the strait. Shipping sources said on Wednesday that commercial ships were avoiding Iran's waters nearby. Oil prices rose after Israel and Iran continued to exchange missile attacks overnight and Trump's...
Israel bombed nuclear targets in Iran on Thursday and Iranian missiles hit an Israeli hospital overnight, as the week-old air war escalated with no sign yet of an off-ramp. Following the strike that damaged the Soroka medical centre in Israel's southern city of Beersheba, Prime Minister Benjamin Netanyahu said Tehran's "tyrants" would pay the "full price". Defence Minister Israel Katz said the military had been instructed to intensify strikes on strategic-related targets in Tehran in order to eliminate the threat to Israel and destabilise the "Ayatollah regime". Israel's sweeping campaign...
Australia's Unemployment Rate was steady at 4.1% in May from 4.1% in April, official data released by the Australian Bureau of Statistics (ABS) showed on Thursday. The reading was in line with market consensus. Furthermore, Australia's Employment Change came in at -2.5K in May from 87.6K in April (revised from 89K), compared to consensus estimates of 25K. The participation rate in Australia eased to 67.0% in May, compared to 67.1% in April. Meanwhile, Full-Time Employment increased by 38.7K in the same period from 58.6K in the previous reading (revised from 59.5K). Part-Time Employment...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have...