International News

  Bloomberg A key gauge of US consumer prices advanced to a 40-year high in September, underscoring persistent, elevated inflation that’s squeezing households and pushing the Federal Reserve towards another steep interest-rate hike. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labour Department data showed on Thursday. ...

Bloomberg The UK delayed restrictions on Huawei Technologies Co.’s use in broadband networks after BT Group Plc said the original deadline could lead to outages. The restriction on Huawei’s use in network cores — which manage sensitive data and tasks, including security and control functions — will now go into effect in December 2023 rather than January, the UK Department ...

  Bloomberg Italian companies see the economic situation in the country deteriorating, according to a central bank report. Spiraling inflation and uncertainty linked to Russia’s invasion of Ukraine means firms are now the most pessimistic bout their own businesses since the first quarter of 2020, according to the Bank of Italy report based on information gathered between August 15 and ...

  Bloomberg Meta Platforms Inc. said it would notify roughly 1 million Facebook users that their account credentials may have been compromised due to security issues with apps downloaded from Apple Inc. and Alphabet Inc.’s software stores. The company announced that it identified more than 400 malicious Android and iOS apps this year that target internet users in order to ...

  Bloomberg The UK needs to cut 200,000 government jobs over the next couple of years to avoid adding billions to the national debt, according to the Institute for Fiscal Studies (IFS). Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in ...

  Bloomberg The US trade deficit shrank for a fifth month in August to the smallest in more than a year, reflecting a decline in the value of imports that’s poised to lend support to economic growth in the third quarter. The trade gap in goods and services narrowed by $3.1 billion, or 4.3% from a month earlier, to $67.4 ...

  Bloomberg Toronto home prices dipped again in September and have now fallen as much as 17% from their spring peak, as evidence grows that buyers and sellers are growing wary of doing deals. The benchmark price for a home in Canada’s largest city fell a further 1.2% from August, adding to the string of declines that began in April, ...

  Cologne / Gulf Time infodas, leading provider of Cross Domain Solutions (CDS), announces that its SDoT Security Gateway has officially received the (National IT Evaluation Scheme) Nites certification from the prestigious Cyber Security Agency of Singapore. This top-tier certification once again ensures that the SDoT Security Gateway can be deployed in highly sensitive environments, in accordance with national and ...

Bloomberg A series of protests filled the streets of the largest UK cities, with people rallying for causes ranging from a cost-of-living crisis and pay rises to protecting the climate. Across Britain, in cities including London, Edinburgh, Swansea and Liverpool, protesters gathered for marches coordinated by the campaign Enough is Enough. They are demanding support to face surging prices, in ...

Bloomberg Hurricane Ian will cost private US insurers $63 billion in claims and will cause the largest storm-related losses in Florida’s history, according to an estimate from a risk modeling firm. The forecast includes losses to residential, commercial and industrial properties as well as automobiles, Karen Clark & Co. said in a report. Previous estimates cited by industry analysts put ...