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US Fed official calls for more rate hikes to tackle inflation
US Fed official calls for more rate hikes to tackle inflation
Business and Economy
by  AFP

The US Federal Reserve has more work to do to tackle high inflation despite making "considerable" progress in the last 18 months, a senior bank official said Friday. "I see a continued risk that energy prices could rise further and reverse some of the progress we have seen on inflation in recent months," Bowman said Friday.

UK opposition leader denies he will try to undo Brexit
UK opposition leader denies he will try to undo Brexit
Business and Economy
by  AFP

The leader of the UK's opposition Labour Party on Friday denied he wanted to rejoin the European Union after recent comments led the ruling Conservatives to accuse him of wanting to "unpick Brexit". Chancellor Jeremy Hunt accused him of wanting to "unpick Brexit" while Foreign Secretary James Cleverly said he "wants to rejoin the EU in all but name".