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US consumer inflation ticks up in August on gasoline prices
US consumer inflation ticks up in August on gasoline prices
Business and Economy
by  AFP

Consumer inflation in the United States picked up in August for a second straight month, according to government data released Wednesday, putting the heat on policymakers as they work to lower prices. The consumer price index (CPI), a key inflation gauge, jumped 3.7 percent from a year ago, picking up pace from July's 3.2 percent figure, said the Labor Department.

BP shares drop after CEO quits over relationships
BP shares drop after CEO quits over relationships
Business and Economy
by  AFP

Shares in British energy major BP dropped Wednesday after chief executive Bernard Looney resigned unexpectedly over his failure to disclose past relationships with colleagues. The company announced late Tuesday that Looney, 53, resigned "with immediate effect" after admitting he had not been "fully transparent" about historical relationships with colleagues.