Category: Economy
UK’s Starmer announces 300-billion-pound defence investment plan
Plan includes more than 5 billion pounds for drones and autonomous systems over four years, Ministry of Defence says. British Prime Minister Keir Starmer presented the defence spending plan before he is expected to leave office in July [File: Stringer/AFP] Outgoing Prime Minister Keir Starmer has announced that Britain will spend almost 300 billion pounds…
Oil prices ease after spiking over halt to Strait of Hormuz evacuation plan
Brent crude rises after cargo ship comes under attack in key waterway. Tankers and cargo vessels in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea, on June 16, 2026 Oil prices have eased after jumping earlier amid renewed violence in the Strait of Hormuz. Brent crude, the…
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
KEY POINTS The Federal Reserve’s primary price gauge rose at its highest level since 2023, reinforcing the central bank’s recent tough talk on inflation. Excluding food and energy, the personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month, both in line with the Dow Jones consensus. The annual core reading…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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