• Soaring food and energy costs drive UK inflation to 10.1%
    by Associated Press on August 17, 2022 at 7:47 am

    LONDON (AP) — Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices. The Office for National Statistics said Wednesday that consumer prices inflation hit double digits, a jump from 9.4% in June and higher than analysts’ central forecast The post Soaring food and energy costs drive UK inflation to 10.1% appeared first on KVIA.

  • Asian shares rise on optimism about US, China economies
    by Associated Press on August 17, 2022 at 7:47 am

    By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mostly higher Wednesday as regional markets looked to strong economic signs out of the U.S. and China as drivers of growth. Benchmarks rose in Japan, China and Australia, although shares dipped in South Korea. Analysts warned major risks remain, such as surging cases The post Asian shares rise on optimism about US, China economies appeared first on KVIA.

  • Japan makes arrests on bribery suspicions in Tokyo Olympics
    by Associated Press on August 17, 2022 at 7:40 am

    By YURI KAGEYAMA Associated Press TOKYO (AP) — A former Tokyo Olympic organizing committee board member and three people from a clothing company that was a surprise sponsor of the 2020 Games were arrested on bribery suspicions Wednesday. Prosecutors said Haruyuki Takahashi, a former executive at advertising company Dentsu, is suspected of receiving bribes from The post Japan makes arrests on bribery suspicions in Tokyo Olympics appeared first on KVIA.