Business

United Kingdom inflation jump puts Bank of England back in spotlight on rates

United Kingdom inflation jump puts Bank of England back in spotlight on rates

The area saw prices rise by 4.6 per cent in the 12 months to the end of August, compared with 3.2 per cent in July. The ONS said excluding oil prices and other volatile components such as food, core consumer price inflation rose by 2.7 percent, stronger than economists' expectations of 2.5 percent.


Goldman sees spent Harvey hurting oil use more than raging Irma

Goldman sees spent Harvey hurting oil use more than raging Irma

On the New York Mercantile Exchange, West Texas Intermediate futures were trading up around 0.6%, at $47.78 a barrel. Now many refineries are restarting, including the largest US refinery. Comments from Saudi officials over the weekend that there could be an extension of the current production curbs for a further three months beyond the end of March also helped support sentiment.


SC to hear plea seeking investigation into lawmakers' disproportionate assets

SC to hear plea seeking investigation into lawmakers' disproportionate assets

The CBDT said it will provide the names of these Lok Sabha members of Parliament (MPs) and members of legislative assemblies (MLAs) to the SC in a sealed cover on Tuesday. "Given that revenue augmentation is the primary concern of the IT department and since increasingly the department is Graduating towards non-intrusive methods, the verification of election affidavits is carried out in respect of specific category of such cases as per agreed parameter between ECI and CBDT", it said.


BNA Preps For Hurricane Irma Delays, Cancelations

BNA Preps For Hurricane Irma Delays, Cancelations

American canceled 300 flights in Charlotte, N.C., due to wind. But Hurricane Irma has drastically changed that. Officials in Orlando said the airport remains closed on Monday and it was still unclear when it would reopen to commercial flights .


Local PG&E Crews begin to restore power in West Palm Beach area

Local PG&E Crews begin to restore power in West Palm Beach area

At this time, EPE does not know how long assistance will be needed. Gulf Power officials reported 4,600 customers' power had been restored since Irma began impacting the company's service area late Sunday night. Gulf Power's storm center serves as an emergency operations center during hurricanes and is built to withstand a Category 5 hurricane with winds up to 200 miles per hour.