Surging energy prices push inflation up to highest level since March
Holly Williams, Press Association Business Editor UK inflation has jumped to its highest rate since March after energy prices were pushed up by the Iran war, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 2.9% in July, up from a 15-month low of
CEO Income in US Hits ‘Highest-Ever’ Level As Workers’ Share of Income Falls
Executive pay across the US hit its highest-ever levels in 2025, with CEOs earning 312 times more than the median worker, according to a new report by the country’s largest federation of unions. The record-breaking figure from the AFL-CIO’s annual Paywatch report, comes as workers’ share of the national income fell to
Trump's envoys in Middle East to push for Gaza peace plan
CAIRO, Aug 16 - Donald Trump's envoys meet with Egyptian, Qatari and Turkish mediators in Cairo on Sunday, a diplomatic source said, in a bid to advance the U.S. president's Gaza peace plan, even as Israel pressed on with airstrikes in the enclave.
Soaring energy bills set to fuel inflation spike
Rising energy prices are poised to send UK inflation rearing back up, as economists warn that the summer boost to the economy could be fleeting. The rate of Consumer Prices Index (CPI) inflation is tipped to rise to 2.9 per cent in July, climbing from June’s 15-month low of 2.6 per cent, when the Office…