Republicans are entering the midterm elections with the highest rate of inflation since the spring, according to a government report released on Wednesday.
US price increases reached an annual rate of 3.7%in September, according to the latest data from the Bureau of Labor Statistics, up from 3.4% in August. This final inflation report before the pivotal midterm elections comes amid polls showing widespread dissatisfaction with the Trump administration over the cost of living.
Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices
Days after Donald Trump announced a deal to import Russian diesel into the US in an effort to lower soaring pump prices, the world’s energy watchdog has warned that the global fuel shortage will drag into 2027.
Trump’s temporary sanctions reprieve was criticised for offering “too little, too late” to temper the sky high pump prices triggered by the shutdown of war-damaged refineries in the Middle East and Russia – once the world’s second-largest diesel exporter behind the US.
The two nations fought alongside each other during a brutal conflict in Tigray that left hundreds of thousands of people dead just a few years ago. Now they are on the brink of fighting each other.
Members of the Ethiopian Federal Police on patrol aboard a pickup truck as they continued operations after federal forces pushed back the rebel Tigray People’s Liberation Front in Mekelle, Ethiopia, last week.
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