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Saudi says Houthis targeted Mecca with a drone, Iran-backed group rejects claim
Source: CNBC
Original reporting
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CNBC
UK inflation jumps to 3.1% as energy costs soar
The reading comes a day before the Bank of England updates its monetary policy.
The Guardian
Bank of England expected to leave interest rates on hold on Thursday despite inflation hitting 3.1% – business live
Soaring motor fuel costs have pushed UK inflation to a five-month high in August Worryingly, the cost of goods produced by UK factories rose at a faster rate in August too. Producer output prices – or the cost of goods at the ‘factory gate’ - rose by 3.7% in the year to August, up from 3.3% in July. “Rising crude oil and petrol prices increased both the annual cost of raw materials and the price of goods leaving factories respectively.” Continue reading...
BBC Business
Complaints to watchdog about water firms soar
Many complaints were about affordability, after customers saw steep hikes to bills.
CNBC
BOJ expected to hike rates by 25 basis points to fresh three-decade high: CNBC survey
The BOJ is expected to hike rates by 25 basis points to a fresh three-decade high, a CNBC survey shows.
CNBC
Bond yields are spiking, oil is up — but investors aren’t giving up on stocks
Rising Treasury yields, geopolitical risk and fresh AI safety concerns are hitting markets, but many investors remain bullish on AI spending and earnings.
CNBC
Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure
Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline.