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India retail inflation rises 7% in Aug on food prices

  Bloomberg India’s retail inflation accelerated in August after easing for three months, posing a fresh challenge to the central bank’s efforts to cool prices. Consumer prices rose 7% last month from a year earlier, data released by the Statistics Ministry showed. That’s faster than an estimate of a 6.90% gain in a Bloomberg survey of economists and compares with ...

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Russia strikes power plants as Ukrainian forces extend gains

Russian missile attack on dnipro

Bloomberg Russia hit power plants deep behind Ukrainian lines, causing blackouts across the northeast of the country as Kyiv’s forces pressed a lightning offensive that’s reversed months of Moscow’s advances. More than 30 settlements, including Kramatorsk and Dnipro, suffered Russian missile and air strikes over the past day, Ukraine’s General Staff said in its regular update on Facebook Monday. Kharkiv ...

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Sweden heads for new political era as right wing nears win

Swedish prime minister magdalena andersson

Bloomberg Sweden’s coalition of right-wing parties looks set to secure a narrow victory in a general election that promises to rewrite the political map in the Nordic region’s biggest country. The likely victory hinged on the rise of the anti-immigrant party, the Sweden Democrats, which saw the biggest gains of any of the parties on Sunday and now makes them ...

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