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Shop price inflation in the UK rises to 5.1%, highest rate on record

Food price increases hit 9.3% with milk, margarine and crisps seeing the biggest rises

Apple's chief privacy officer set to leave the company for law firm

Jane Horvath, who first joined Apple in 2011, is taking a job at Gibson, Dunn & Crutcher LLP

Amid retirement speculation, Serena Williams draws 2.7 mn viewers to ESPN

The audience was the biggest ever for the first day of the tournament, according to ESPN

China's biggest banks hit by margin squeeze amid bad loan pressure

China's $52 trillion banking industry is facing an increasingly difficult year, with its largest lenders cutting loan rates while bad debt is piling up amid a property crisis

Hong Kong 'pivotal gateway' between China and the world, says John Lee

Hong Kong Chief Executive John Lee will meet with mainland officials, as pressure mounts on the finance hub to reopen both its international and Chinese borders

China's factory activity contracts again in Aug as power cuts curb output

China's manufacturing purchasing managers index rose to 49.4 from 49 in July, according to a statement from the National Bureau of Statistics

Mikhail Gorbachev, the Soviet leader who ended cold war, dies at 91

Mikhail Gorbachev pushed for radical changes to Soviet economy at age 54. His overhaul, and policy of openness, unleashed a political avalanche that brought down the Berlin Wall and ended Soviet rule

Gautam Adani becomes world's third-richest person, first Asian to do so

It's the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index -- fellow citizen Mukesh Ambani and China's Jack Ma never made it that far

Adani Green's key debt ratio is set to improve, says Nomura Holdings

The Adani conglomerate has committed to invest a total of $70 billion by 2030 across its green energy value chain to become the world's largest renewable energy producer.

Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole

The largest cryptocurrency is down about 6% since Powell's hawkish Aug. 26 Jackson Hole speech underlined that the Federal Reserve wants to subdue financial markets

Reserve Bank can hike repo rate to 6% by December, say economists

The RBI rate hike expectations come despite economists predicting a moderation in inflation due to slump in global commodities and easing supply chain bottlenecks

Fracking giant Liberty Energy says fossil fuels to rule for decades

"We're investing a lot of money in some new energy technologies; some of this is great, but it's not an energy transition," Wright, chief executive officer at Denver-based Liberty Energy said

Coal crisis, supply crunch hasten metal makers' switch to renewable energy

The increased expenses slashed profits of some of the biggest mills in India at a time when commodity prices were rallying to multi-year highs

How the Indian military can be weaned off its dependence on Russian weapons

Shifting toward buying more Western weapons systems and lessening its dependence on Russia, for instance, would bolster India's autonomy

Microsoft outlines changes in European cloud-licence terms after complaints

The changes will make it simpler for customers of rival cloud-service companies in Europe to move their existing software to these other networks, Microsoft said

A startup in Japan offers aging CEOs a worry-free succession plan

Founded in 2018 by a group of bankers and consultants with little exposure to the factory floor, NGTG's revenue has grown from zero to 8 billion yen ($59 million)

More UK energy aid to come under incoming leader, says Nadhim Zahawi

Zahawi's remarks come as economic headwinds build against the UK, with the Bank of England predicting a recession lasting more than a year amid surging inflation

China bad debt managers see earnings tank on deepening property losses

China's distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas has beset the $730 billion funds with heavy credit losses

Economy faces resilience test as policymakers prioritise prices over growth

Gross domestic product is estimated to rise 15.4% in the three months to June from a year ago, according to a Bloomberg survey

China's growth prospects weaken as economists cut 2023 forecasts

Growth projections for the first three quarters of next year were also lowered -- by 0.1-0.4 percentage points -- although the median for the whole of 2023 remained unchanged at 5.2%