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Fuel prices push inflation to unexpected six-month high

Fuel prices push inflation to unexpected six-month high

Business
The rate of Consumer Price Index inflation increased to 1.8% in January from 1.3% in December, the Office for National Statistics has said.The rate was above expectations of around 1.6% and was also the highest in six months, pushed up by higher petrol prices and a smaller-than-usual drop in airfares. Fuel prices were up 4.7% compared with a year earlier - the biggest rise since November 2018.ONS statistician Mike Hardie said: "The rise in inflation is largely the result of higher prices at the pump and airfares falling by less than a year ago."In addition, gas and electricity prices were unchanged this month, but fell this time last year due to the introduction of the energy price cap." ...
China tests Mars lander in international cooperation push

China tests Mars lander in international cooperation push

Technology
China has invited observers to a test of its Mars lander as it pushes for inclusion in more global space projectsBy SAMUEL McNEIL Associated PressNovember 14, 2019, 8:01 AM3 min read China invited observers to a successful test Thursday of its Mars lander as the country pushes for inclusion in more global space projects. The demonstration of hovering, obstacle avoidance and deceleration capabilities was conducted at a site outside Beijing simulating conditions on the Red Planet, where the pull of gravity is about one-third that of Earth. China plans to launch a lander and rover to Mars next year to explore parts of the planet in detail. China's burgeoning space program achieved a lunar milestone earlier this year by landing a probe on the mysterious far side of the moon. It has developed r...
No-deal Brexit would push borrowing above £100bn, IFS warns

No-deal Brexit would push borrowing above £100bn, IFS warns

Business
A no-deal Brexit would see government borrowing rise to almost £100bn a year and overall debt reaching levels not seen since the 1960s, a leading economic think-tank has warned.Analysis by the Institute for Fiscal Studies (IFS) predicted a mini-boom in public spending, funded by the extra borrowing, to help soften the blow if the UK crashes out of Europe without a deal. But the boom would likely be followed by bust as the government struggles to cope with the consequences of a smaller economy and higher debt on its funding of public services, the IFS said.The findings were published in the think-tank's "green budget" setting out the issues likely to be facing the chancellor Sajid Javid as he prepares his first budget.It also contained analysis from economists at the global investment bank
Automaker discounts are bigger heading into the Labor Day weekend sales push. How to snag a deal

Automaker discounts are bigger heading into the Labor Day weekend sales push. How to snag a deal

Finance
If you're in the market for a new car, there's a good chance you'll find some decent deals during the long Labor Day weekend sales push.With vehicles sitting on lots longer and dealerships eager to make room for next year's models, automakers have boosted their discounts ahead of the three-day weekend. The average incentive is $ 4,177 for August, compared with an estimated $ 4,074 in July and $ 3,878 a year ago, according to the latest data from J.D. Power and LMC Automotive. "Consumers should see some pretty good deals," said Kelsey Mays, senior editor at Cars.com. "This is one of the marquee weekends, especially when it wraps in August sales like it will this time."The Key Auto Mall car dealership in Moline, Illinois.Daniel Acker | Bloomberg | Getty ImagesIn fact, if you're prepared to p...