Cooled

Data from the Australian Bureau of Statistics showed that inflation in Australia rose by 3.5% YoY in Julyslower than the 3.8% increase in June and the lowest since March but higher than the 3.4% rise markets had expected.One reason for…

Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated PressChristopher RugaberPublished Dec 12, 2023  •  3 minute read Article contentWASHINGTON (AP) — This year’s steady slowdown in U.S. inflation likely continued in…

Wall Street took comfort from several downside surprises in US macro data overnight, with the data taming some rate hike bets and saw US Treasury yields decline. The US two-year yields were down 11 basis-point (bp), reversing all of last…

Food price inflation slowed slightly in May as lower energy and commodity costs finally showed signs of filtering through to consumers. Grocery inflation fell to 15.4 per cent during the month, according to British Retail Consortium…

A project is underway to build two large-scale cryptocurrency mining facilities in the United Arab Emirates (UAE). Participants said that high-tech data centers will rely on a full immersion solution to cool power-hungry miners…