London CNN Business — The European Central Bank raised interest rates by a record three-quarters of a percentage point on Thursday and promised more action to come as it struggles to contain the inflationary fallout of the invasion of Ukraine by Russia and the ensuing energy crisis. This decision will bring the reference rate of … Read more
Minneapolis CNN Business — The Federal Reserve’s favorite inflation gauge showed prices took a breather last month as fuel costs continued to fall from record highs. The personal consumption expenditure price index rose 6.3% for the year to July, down from 40-year high of 6.8% recorded in June, according to data published by the Bureau … Read more
Kyiv, Ukraine CNN — Ukraine Zaporizhzhia nuclear power plantwhich is held by Russian forces, was completely disconnected from the power grid for the first time in its history on Thursday, according to the country’s nuclear operator. The complex was disconnected on Thursday due to fires in nearby ash pits, causing the last remaining power line … Read more
Kyiv, Ukraine CNN — Every day, Olga is transported by bus from her home in the Russian-occupied town of Enerhodar on the banks of the Dnipro River in southeastern Ukraine to the nearby town Zaporizhzhia nuclear power plant where she works. The plant, the largest such nuclear complex in Europe, is at the center of … Read more
