Section front
Latest reporting, briefings and public-interest updates from the business desk.
Ethiopia urged greater representation for emerging and developing economies in the global financial system during a BRICS finance ministers and central bank governors meeting in Jaipur, India.
U.S. annual consumer inflation slowed to 3.4% in July 2026, while core inflation was 2.5% and energy costs remained sharply higher than a year earlier.
Shipping costs at the Panama Canal are rising as low water linked to El Niño restricts transit capacity and the Iran war adds pressure to global trade routes.
Britain’s grid operator sought extra generation for the August 12 evening peak as a solar eclipse reduced output and a heatwave increased demand, while saying customer supplies were not at risk.
Indian electric-mobility company Yulu has raised $93 million as it targets a 200,000-bike fleet within two years and new logistics uses.
Air China is scheduled to fly a Comac C919 from Beijing to Ulaanbaatar on August 12, marking the Chinese-built jet’s first use on an international commercial route.
Prime Minister Abiy Ahmed says Addis Ababa’s Friendship Park generated nearly 1 billion birr over four years, offering a new measure of the public space’s financial activity.
New rules taking effect this week allow Britain’s electricity system operator to initiate rotating emergency power cuts at short notice when supplies run dangerously low.
