International Economic
US producer prices continue to fall in August
US producer prices declined again in August as fuel costs continued to fall, according to figures released on Wednesday by the Labor Department.
Google loses appeal against mammoth EC antitrust fine
Alphabet’s main operating subsidiary Google has lost its appeal against the European Commission’s biggest-ever antitrust fine, it emerged on Wednesday, with the bulk of the penalty being upheld.
Ireland drags on already-weak eurozone industrial output
Industrial output in the eurozone fell more than expected in July, as a plunge in Ireland dragged on broader weakness across the common currency area.
Bitcoin loses 9% after US inflation data, but does not give up $20,000
There is a considerable blow to the cryptoasset market on Wednesday, following the reading of the US inflation figure, which was much stronger than expected. Bitcoin even shed 9%, weighed down by the slump in risk appetite that took hold in the markets in anticipation of the softer August CPI reading. While headline inflation price pressures eased last month, core inflation continued to climb to 6. 3%, opening the door for a 75 basis point hike from the US Federal Reserve (Fed) next week.