Naeem Aslam

Annual inflation in the US has slowed to 7.7 per cent, the lowest level since January and below analyst expectations.Wall Street stocks surged after the news, with the Dow ending 3.7 per cent higher with a nearly 1200-point jump. The…

Stocks rallied while the dollar slumped against rival currencies on Thursday after a drop in US inflation dimmed expectations of more aggressive Federal Reserve rate hikes.The consumer price index (CPI), a key measure of inflation, rose at…

As the UK hurtles towards a prolonged economic crisis — with interest rates soaring and inflation rocketing — the nation’s leader has been clocked wearing designer shoes worth almost $900.Critics on social media have blasted the new UK…