LONDON/FRANKFURT: Britain’s unemployment rate has unexpectedly dropped to 4.2 percent and wage growth has slowed to the lowest level in nearly two years, official data showed Tuesday.

LONDON: Stalled efforts to expand companies’ use of carbon credits to offset greenhouse-gas emissions are raising the prospect that some will backtrack or abandon targets to shrink their carbon footprint.

WASHINGTON: US producer prices increased less than expected in July as an energy-driven rebound in the cost of goods was tempered by cheaper services, indicating that inflation continued to moderate in support of an interest rate cut next month.

WELLINGTON: People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anemic, government statistics show.

PRETORIA: South Africa’s plan to expand its power grid, now the biggest bottleneck to replacing coal with renewables, has hit a snag: finding investors to lend the necessary $21 billion to a near-bankrupt state monopoly.

NAIROBI: Aviation staff at Kenya’s main international airport will go on strike from next week over a contested investment proposal from an Indian conglomerate, their union said on Monday.

GENEVA, Switzerland: Global youth unemployment is at its lowest level for 15 years, the United Nations said Monday, though not all regions have yet recovered from the COVID-19 slump.

WASHINGTON: Exhausted from a rising cost of living in the United States and non-stop ads, some young adults on TikTok are pushing back.

KABUL: Despite three years of improved security following the end of the Taleban’s insurgency, Afghanistan’s economy remains stagnant and its population is in the grips of a worsening humanitarian crisis.