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High inflation hinders UK cost-of-living fight
High inflation hinders UK cost-of-living fight
Business and Economy
by  AFP

Britain's annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over a cost-of-living crisis. Britain has endured months of strikes by workers demanding higher wages to help with the cost-of-living crisis.

Asian markets drop as traders await Fed boss testimony
Asian markets drop as traders await Fed boss testimony
Business and Economy
by  AFP

Asian markets mostly dipped Wednesday, following a downbeat lead from Wall Street as investors braced for Fed boss Jerome Powell's testimony to the US Congress. The anxiety over Powell's testimony built on top of disappointment on market floors this week with Beijing's moves to try and revive the Chinese economy.