The European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from oil markets amid the Israel-Hamas war.
The world may be facing "the most dangerous time... in decades", bank boss Jamie Dimon has warned. The chief executive of JP Morgan Chase told investors that he was concerned about the risks to the economy from rising geo-political tensions.
Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East.
Sales of new electric cars to private buyers fell sharply in September compared with the same period a year ago, latest figures show.
An economic indicator the Federal Reserve favors as an inflation gauge rose less than expected in August, showing that the central bank’s fight against higher prices is making progress
During January-July of 2023, both tea and rubber production experienced only a modest growth on year-on-year basis, primarily due to the lingering effects of the fertiliser shortages that prevailed last year.
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