economy
UK GDP growth eases to 0.4% in Q2 but services keep economy resilient
Britain's GDP growth eased to 0.4% in the second quarter of 2026, though a strong services sector and a surprise June boost kept the economy resilient.
US inflation eases to 3.4% in July, easing pressure on Fed
US consumer prices rose 3.4% in the year to July, offering the Federal Reserve a modest breather ahead of its upcoming September policy meeting.
Andy Burnham launches nationwide cost-of-living tour to shape ten-year plan
Prime Minister Andy Burnham has embarked on a nationwide listening tour to gather public feedback on everyday expenses and inform a new ten-year strategy.
Elon Musk warns AI will surpass human intelligence within five years
Elon Musk claims artificial intelligence will surpass the sum of human intelligence within five years and potentially make money irrelevant by 2036.
Singapore core inflation rises to 1.6 percent in June
Singapore's core inflation increased to 1.6 percent in June as consumer prices rose across food, services, and retail sectors. Analysts are currently weighing these figures against the central bank's potential policy outlook.
Australian superannuation funds record fourth straight year of strong returns
Australian superannuation funds achieved a 10.5% median return for the 2025 financial year, supported by strong performance in international share markets.
The economy is strong yet consumer sentiment is rock bottom
While traditional economic indicators suggest stability, households are struggling with record debt levels and inflation, leading to public pessimism.
UK inflation holds at 8.7% in May, stalling cost‑of‑living fight
Britain’s annual inflation rate remained at 8.7% in May, while core inflation reached its highest rate in over 30 years. Rising costs continue to pressure household budgets, leading to industrial action and increased financial vulnerability.