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World shares are mixed after U.S. inflation update suggests tariffs are causing prices to rise | News

Cs news12 months ago12 months ago010 mins

BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…

Is China’s Xi Jinping planning his exit after 12 years of iron fist rule? – Firstpost

Cs news12 months ago12 months ago05 mins

New rules suggest that China’s ruling party plans to standardise its decision-making process, and that President Xi may delegate some of his power to his juniors read more Is Chinese President Xi Jinping planning for succession 12 years after ruling with an iron fist? According to a report by Hong Kong-based South China Morning Post…