2026-08-29
3 分钟This is The World in Brief from The Economist.
Our top stories.
Kevin Walsh warned that the Federal Reserve will have, quote,
work to do if America's inflation rate remains high above its 2% target.
Investors took this as a hint of a possible interest rate rise in September.
At the annual symposium in Jackson Hole, Wyoming, the Fed's chairman called inflation,
which stands at an annual 3.7%, according to its preferred index, quote, more concerning than the labor market.
Rescuers resumed their search for survivors on a section of the Nepal-Tibet border.
Having temporarily halted over fears of more flash flooding.
At least 579 people have died and thousands more are missing,
following a flood that coursed through the area on Wednesday.
The disaster was seemingly caused by a large section of glacier breaking off and dropping into the valley below.
America said it will impose sanctions on Bank Misa, an Egyptian bank,
as it attempts to increase pressure on Iran by targeting its trading partners.
The Treasury Department will revoke access to America's financial system for the bank's branches in the UAE,
making it harder for them to trade in dollars.
Scott Besant, the Treasury Secretary, said the branches had proved, quote, egregious support to the regime.
BYD reported second quarter profits of $1.2 billion, 30% higher than a year ago.
The world's largest EV maker has struggled in its home market of China,
where a ferocious price war has crushed profitability.