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US Fed's favored inflation gauge falls, but price pressures remain
US Fed's favored inflation gauge falls, but price pressures remain
Economy
by  AFP

The US central bank's favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices jumped month-over-month. The closely watched "core inflation" measure, which strips out volatile food and energy costs, also eased, rising by 2.8 percent on an annual basis.

Italy says it wants Chinese carmakers but only under conditions
Italy says it wants Chinese carmakers but only under conditions
Economy
by  AFP

Italy will closely study any investments by Chinese carmakers, a minister said Thursday, after another minister said Wednesday the country was in talks with three Chinese manufacturers. Minister of Economic Development Adolfo Urso said Wednesday he was in talks with three Chinese automobile groups, without naming them.