Business

Australia’s Inflation Slows to 3.8% on Lower Fuel Costs

Doha: Australia’s annual inflation rate eased to 3.8% in June from 4.0% the previous month, while underlying inflation remained below the central bank’s forecast, according to data released on Wednesday by the Australian Bureau of Statistics (ABS).

S. Korean Stocks Slide Amid AI Concerns

Doha: South Korean stocks fell about 6 percent on Wednesday, after dropping nearly 11 percent in the previous session, as investors sold semiconductor shares amid growing doubts over whether massive spending on artificial intelligence will generate su…