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Trudeau confronts inflation as economic achilles heel at polls

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Bloomberg Prime Minister Justin Trudeau can expect mostly good news from economic data during Canada’s five-week election campaign. But there’s one potential trouble spot for him: consumer prices. A Statistics Canada report is expected to show that price inflation accelerated in July to almost the fastest rate in two decades. Economists estimate that consumer prices jumped 3.4% last month on ...

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Ukraine economy falls back into recession

Bloomberg Ukraine’s economy fell back into recession as fallout from the pandemic continued to weigh and interest rates were lifted to tackle soaring inflation. Second-quarter gross domestic product (GDP) shrank a seasonally adjusted 0.8% after falling 1.2% in the previous three months, preliminary data Monday showed. On an annual basis, it ended more than a year of contraction, advancing by ...

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T-Mobile says hackers steal about 7.8mn customers’ personal data

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Bloomberg T-Mobile US Inc said an investigation confirmed about 7.8 million current users had information stolen along with more than 40 million records from past or prospective customers who’d applied for credit in a cyberattack. The stolen information included customers’ full names, dates of birth, social security numbers, and IDs such as drivers licenses, the Bellevue, Washington-based company said in ...

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