US consumer spending rebounded, but high inflation slowed demand

Consumer spending rose 0.4% in August Personal income rose 0.3%; The savings rate is fixed at 3.5% Core PCE price index jumps 0.6%; 4.9% year-over-year increase WASHINGTON (Reuters) – U.S. consumer spending increased more-than-expected in August, but stubbornly high inflation is dampening demand, which could limit an expected rebound in economic growth this quarter. The … Read more

At the United Nations, Micronesia denounces Japan’s plan to release Fukushima waters into the Pacific Ocean

A worker, wearing protective suits and masks, takes notes in front of radioactive water storage tanks at the Fukushima Daiichi Nuclear Power Plant of Tokyo Electric Power Corporation (TEPCO) in Okuma City, Fukushima Prefecture, Japan, February 10, 2016. REUTERS/Toro Hanai Register now to get free unlimited access to Reuters.com Register UNITED NATIONS (Reuters) – The … Read more

Zelensky pledged no complacency as Ukraine says troops are crossing the Uskil River in the country’s northeast

Russia steps up strikes on Ukrainian civilian targets Ukraine says its forces have advanced to the east bank of the Oskil River Biden urges Putin not to use tactical nuclear and chemical weapons Kyiv (Reuters) – Ukrainian President Volodymyr Zelensky vowed not to stop fighting to reclaim lands lost to Russia as Kyiv said its … Read more

Putin casts doubt on Ukraine’s grain deal and gas supplies to Europe

Putin accuses Kyiv and the West of violating the grain deal Russia wants to discuss changing the terms of the deal Threatens to cut off energy exports if Europe imposes price controls Kyiv (Reuters) – President Vladimir Putin on Wednesday discussed reopening a U.N.-brokered deal for Ukrainian grain exports through the Black Sea and threatened … Read more