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Eurozone inflation rate surges to 3.8%, as world food prices hit near four-year high – business live
Source: The Guardian
Original reporting
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CNBC
Oil prices fall over 3% on report of potential diesel, crude stock release; Brent back below $100
It comes after Reuters reported that EU nations were discussing a proposal to release diesel reserves following pressure from the Trump administration.
CNBC
Brazil votes in high-stakes election as U.S.-China rivalry and debt loom large
Brazil will hold a knife-edge vote as its presidential race kicks off — but the election's outcome is likely to be felt far beyond the country's borders.
CNBC
Eurozone inflation hits its highest level in three years at 3.8%
Annual euro zone inflation hit 3.8% last month, its highest level since September 2023.
The Guardian2 outlets
For too long, only the right has expanded the boundaries of what governments can do. Can Burnham change that? | Andy Beckett
The PM might come across as a nice bloke but he is politically ruthless. He will need to be if he is to turn big talk into big changes How much can a Labour government change the country? According to many voters, journalists and politicians, including plenty in the party itself, the answer to that stubbornly recurring question has always been: not that much. Labour governments can’t restructure the economy, radically redistribute wealth, truly empower the disadvantaged or adopt a genuinely ethical foreign policy without upsetting too many powerful interests, from the British rich to the US government to global financial markets. This endlessly repeated conventional wisdom – internalised by some on the left as well as centrists and the right – has haunted many Labour governments, from the first, tentative ones in the 1920s to Keir Starmer’s diligent but failed administration a century la
The Guardian2 outlets
Recent lobbyist for Palantir had key role in helping Andy Burnham become PM
Exclusive: Martha Dalton worked closely with Burnham’s team on byelection that secured his return to parliament A recent lobbyist for the controversial $450bn US tech company Palantir played a senior role in helping Andy Burnham become prime minister, it has emerged. Martha Dalton, whose company Lodestone worked for Palantir in 2024 and 2025, campaigned for Burnham in the Makerfield byelection that secured his return to parliament. She worked closely with his team on strategic communications and rebuttals, and was among supporters who clapped him into Downing Street in July. Continue reading...
The Guardian
‘If you can’t hold it, you don’t own it’: why media fans want to escape algorithms with CDs, DVDs and vinyl
People describe their return to physical media – whether to protect data, support artists, or retain control of one’s choices For some, it is the security of knowing they have a physical copy of their favourite films and music, free from algorithms, interruptions and the vagaries of streaming. For others, it is the sound of needle on vinyl, the click of a cassette player and the ability to interact with a physical format. We asked people if they were moving back to CDs, DVDs, vinyl and older formats to escape algorithmically curated content. Here are some of their responses. Continue reading...