Sharply rising food prices in China pushed up inflation to a one-year high in the world’s second largest economy.
British Chambers of Commerce raises growth forecast but warns global turmoil should make Bank hold fire on rate rise
Britain’s businesses are urging the Bank of England to leave interest rates on hold “well into 2016”, to cushion the economy against global turmoil, as rate-setters prepare to announce the result of their September policy meeting.
Publishing its latest quarterly economic forecast, the British Chambers of Commerce has upgraded its expectations of GDP growth but cautions the Bank’s nine-member monetary policy committee (MPC) against pushing ahead with tightening policy.
Related: Bank of England chief says interest rate plans unaffected by Chinese slowdown
Chinese Premier Li Keqiang says the country is on track to meet all its economic targets this year despite fears of a deepening slowdown.
The San Gabriel Valley in Los Angeles is dominated by Chinese businesses – but economic uncertainty in China is a big threat.
The jobless figure fell as expected last month from 6.3% in July and the total number of people in work rose by 7,400 driven by part-time jobs
Australia’s unemployment rate fell to 6.2% in August despite disappointing economic growth and turmoil on the world’s stock markets.
Related: Economic management is now Tony Abbott’s weakest claim to re-election | Stephen Koukoulas
Apple chief Tim Cook unveils a large new iPad Pro, an updated Apple TV set-top box and two updated iPhones.
Brazil has lost its investment-grade credit rating following a downgrade by Standard & Poor’s to “junk” status.
Bosnian businesses mending past tensions
France plans for expanded Euro 2016 football championship