Drought conditions may worsen before improving as little rain in sight

Conditions in the most parched areas of the United Kingdom could worsen before they improve, according to the latest forecasts.

FOMC Officials Release Statements on Dissents

Two Federal Reserve officials who dissented against this week’s decision to hold interest rates steady warned that waiting too long to act against inflation could risk the need for even more aggressive policy later. Cleveland Fed President Beth Hammack and Minneapolis Fed President Neel Kashkari pointed to the various supply shocks helping drive up inflation right now. Bloomberg's Michael McKee breaks down the situation. (Source: Bloomberg)

Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady

Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the Federal Reserve.

By Colby Smith

Rising Eurozone inflation keeps rate rise on the table

The ECB is likely to act again in September amid still-high energy costs

Fed officials who voted to hike rates say action is needed now against inflation

Fed dissenters speak: Why they backed higher interest rates

Inflation has topped the Fed’s 2% target for more than five years

By Jeffry Bartash

BA parent company IAG’s profits down more than a third after fuel cost hit

The group reported pre-tax profits tumbling to 995 million euro (£852 million) in the three months to the end of June.

By Neil Lancefield

European Designer Proposes 3D Printing A Moon Temple On Astronaut Base

As NASA joins up with Europe to plan a lunar astronaut base, one EU designer envisions robotically building a fantastical Moon Temple open to all the world’s spacefarers.

By Kevin Holden Platt, Contributor

Two Fed dissenters say higher interest rates needed to combat inflation 

Netherlands tried to recreate prehistoric Europe on reclaimed land

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By TOI Science Desk

Kevin Warsh’s Honeymoon With the Bond Market Is Already Over

Investors warned that the Fed must show commitment to inflation fight after Wednesday’s selloff.

Gold Rate Today, July 31: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities

By Aanya Mehta

ECB urges banks to improve geopolitical risk assessments

The Central Bank of Cyprus (CBC) on Friday highlighted the results of the European Central Bank’s (ECB) thematic reverse stress test on geopolitical risks, which assessed how 110 euro area banks under direct ECB supervision would respond to severe geopolitical scenarios. The exercise, which forms part of the ECB’s broader supervisory focus on geopolitical risks […]

More money pumped into savings accounts as households brace for energy price hikes

Total households savings amount now calculated at €175bn

By Charlie Weston

Japan signs deal to join EU’s Horizon Europe framework

The move is aimed at encouraging Japanese companies, universities and research institutions to take part in international joint research projects.

Italian consumer and business confidence up in July says Istat

(ANSA) - ROME, JUL 31 - Istat said Friday that its consumer and business confidence indices were both up this month. The national statistics agency said the consumer-confidence index rose from 92.4 in June to 94.2 this month. Its IESI business-confidence-climate index went from 95.3 to 95.6. Istat said confidence was up in manufacturing and services, but down in construction. (ANSA). Read article...

By ANSA

Euro Area inflation rises to 2.9% in July

Angat Dam water level rises slightly at July’s end

MANILA, Philippines — Angat Dam’s water level rose to 155.07 meters above sea level (masl) on Friday, July 31, amid rains brought by the low-pressure area (LPA), the state weather bureau reported. As of 8 a.m., the watershed located in Norzagaray, Bulacan increased 0.74 meters from 154.33 masl on Thursday, although still below the 160-meter

By dsanchez

Dutch inflation rises to 3.1% in July as fuel costs soar

Inflation rose slightly to 3.1% in July, sustaining the above-target trend of the last two and a half years, according...

By Gordon Darroch

Turnover volume of grocery stores up in June after long decline

Retail sales turnover rose to €950 million in June – an increase of 1 percent on year – bucking a more than two-year negative trend, data from Statistics Estonia shows.

Imported petrol now costs more than Dangote fuel – Report

The landed cost of imported petrol has surpassed Dangote refinery’s gantry price, prompting calls to halt fuel importation and prioritise local refining. Read More: https://punchng.com/imported-petrol-now-costs-more-than-dangote-fuel-report/

By Punch Newspapers

Europe’s spy agencies ranked: MI6 takes top spot, Greece prized for its Turkey expertise

A three-month investigation by French magazine L'Express polled sixty intelligence officials from twenty-five countries, placing France's DGSE second and the Netherlands third, while Ukraine ranked fourth and Greece, though scoreless, remains prized for Turkey expertise The post Europe’s spy agencies ranked: MI6 takes top spot, Greece prized for its Turkey expertise appeared first on ProtoThema English.

By admin

High energy and fuel prices push Dutch inflation to 3.1% in July

Daily life in the Netherlands became 3.1 percent more expensive in July than a year earlier, Statistics Netherlands (CBS) reported based on a first estimate.

By 90627

Supreme Court ruling may escalate campaign costs, monetisation – Prof.  Seidu warns 

Professor Alidu Mahama Seidu, the Member of Parliament for Tamale Central, has cautioned that the Supreme Court’s (SC) ruling abolishing the delegate system of voting within political parties could significantly increase the cost and monetisation of political campaigns.

By Ernest Arhinful