Business

UK Inflation Reaches Five-Month High at 3.1% in August

Doha: UK inflation accelerated to a five-month high of 3.1% in August from 2.9% in July, driven largely by higher motor fuel and airfares, official data showed on Wednesday, putting inflation further above the Bank of England’s 2% target.

According …

Oil Prices Decline Amid Rising US Crude Inventories

Doha: Oil Falls as US Crude Inventories Rise: Oil prices fell on Wednesday following an unexpected surge in US crude inventories, while investors were assessing supply risks in the Middle East. Brent futures fell 93 cents, or 0.86%, to $107.82 a barre…