Bangladesh Raises Fuel Prices as Global Oil Costs Squeeze Economy
Diesel climbed 17.4% as the government moved to contain state losses, adding pressure on transport, households and export industries.
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U.S., China Agree to Tariff Cuts and AI Dialogue After Xi Visit
Washington and Beijing extended their trade truce through January 10 and outlined steps on tariffs, agriculture, coal, investment, financial services, flights and AI safety.
Treasury Yields Cross 5% as Oil and Inflation Rattle Markets
The benchmark 10-year yield reached its highest level since 2007 as investors weighed inflation, oil prices and a likely Fed rate increase.
FAA Says Air Traffic Control Overhaul Needs Billions More
The first phase of the modernization effort is projected to cost $16 billion, above the $12.5 billion Congress provided.
U.S. Poverty Rate Falls to Record Low as Median Income Rises
The official poverty rate fell to 10.2% in 2025 while real median household income reached $87,460, new Census Bureau data show.
Fed Raises Rates to 3.75%–4% as Inflation Remains Elevated
The Federal Reserve approved its first increase in more than three years and projected another possible move this year as inflation remained above target.
U.S. Inflation Holds at 3.4% Ahead of Fed Meeting
Consumer prices rose 0.4% in August and 3.4% from a year earlier, with gasoline and energy costs driving much of the monthly increase ahead of the Federal Reserve’s September meeting.