US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates.

The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data showed Wednesday. Prices were unchanged from the prior month. A decline in gasoline offset increases in food and shelter costs. 

US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates.

The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data showed Wednesday. Prices were unchanged from the prior month. A decline in gasoline offset increases in food and shelter costs. 

US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates.

The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data showed Wednesday. Prices were unchanged from the prior month. A decline in gasoline offset increases in food and shelter costs. 

Nivedita Bhasin became the world’s youngest commercial airline captain in 1989 at the age of 26. The Indian pilot still recalls her early years when other crew would urge her to rush into the cockpit so passengers wouldn’t get nervous at the sight of a woman flying their plane.

Three decades after Bhasin’s career began, female pilots are no longer a rarity in India, making the country a success story when it comes to diversity in the airline industry. India has the highest percentage of female pilots globally, the

The five-year-old company will use the funds to invest in new tech and roll out more financial services in one of the world’s fastest-growing fintech markets, Chief Executive Officer Vince Iswara told Bloomberg News. The value of digital payments in the country has already exceeded both credit and debit card transactions in Indonesia, according to Bank Indonesia data.

The People’s Bank of China said it will safeguard the economy against inflation threats, pledging to avoid massive stimulus and excessive money printing to spur growth.  

The central bank will both support economic growth and ensure stable prices, the PBOC said in its quarterly monetary policy report released Wednesday. At the same time, it will provide stronger and higher-quality support to the real economy, it said.

Bond investors who push lopsided ESG agendas on impoverished nations risk harming some of the world’s most vulnerable populations, according to the head of impact at climate finance advisory firm Pollination Group.

Zoe Whitton, who was a head of environmental, social and governance research at

As the legal risks facing Donald Trump and his inner circle continue to expand, the former president and key allies have been playing round robin with a small pool of defense lawyers. 

Trump will sit for a

Hi, I’m David Fickling with today’s edition of Elements, Bloomberg’s new energy and commodities newsletter. We bring you a daily mix of commentary from Bloomberg Opinion writers and the best of our market-leading news coverage. We hope you’re enjoying it, and if you haven’t yet signed up to get it direct into your inbox, you can do that here.

In considering BHP Group Ltd.'s roughly $5.8 billion potential bid for Australian copper miner OZ Minerals Ltd., it’s worth asking:

Former Sri Lanka president Gotabaya Rajapaksa will visit Thailand temporarily and does not intend to seek political asylum in the Southeast Asian country, foreign ministry spokesman Tanee Sangrat said in a statement on Wednesday. 

Thailand has received a request from the current Sri Lanka government for Rajapaksa to enter the country, according to Tanee. The former president holds a diplomatic passport, which allows him entry into Thailand without a visa for 90 days. 

US Defense Secretary Lloyd Austin reinforced a pledge that America and its allies will continue supplying military aid to Ukraine to help it repel Russia’s invasion “for as long as it takes.”

Ukrainian President Volodymyr Zelenskiy earlier vowed to “liberate” Crimea as speculation swirled about the cause of a major fire at an air base on the peninsula annexed by Russia in 2014. “This Russian war against Ukraine and against all of free Europe began with Crimea and must end with Crimea -- its liberation,” Zelenskiy said.

Massive explosions at a Russian military airfield in Crimea were greeted with jubilation in Ukraine and consternation in Moscow.

Russian authorities quickly denied rumors of a Ukrainian missile strike, blaming the destruction on munitions detonating at the base. While Ukrainian officials didn’t directly claim responsibility, a top aide to President Volodymyr Zelenskiy called yesterday’s blast “just the beginning.”

Thailand’s ruling Palang Pracharat party joined the main opposition party to reverse an earlier parliament decision on electoral rules in a rare move, effectively undermining the ability for smaller parties to win seats in the next elections. 

On Wednesday, a joint session of parliament failed to meet a quorum to consider a bill that would set key rules for the election that must be called by late March next year. This effectively reverses the

Russia is getting ready to resume oil flows through a pipeline to central Europe after Hungary’s sole refiner stepped in to resolve a problem over the payment of a transit fee to Ukraine.

Crude flows via the southern leg of the Druzhba link may reach Slovakia by the

Ireland’s power grid warned of tight electricity supplies for a second day, raising the risk of power cuts as concerns mount over energy shortages this winter.

Low wind, limited imports and power plant outages are squeezing supply, meaning there is a potential for temporary disruption to electricity supplies in the near future, EirGrid said on Wednesday. While the alert level doesn’t mean an immediate interruption, it’s a signal for generators to switch on if they can.

China’s military said exercises held around Taiwan in response to US House Speaker Nancy Pelosi’s visit had concluded, while pledging to continue regular patrols near the island. 

The People’s Liberation Army “successfully completed all tasks” set out in exercises last week, Eastern Theater Command spokesman Senior Colonel Shi Yi said Wednesday. The statement ended ambiguity on the status of the drills three days after navigational alerts warning ships and airplanes to avoid six large areas around the island expired. 

The European Union’s food watchdog set out recommendations on how to rear pigs, in its first scientific opinion on animal welfare since the bloc launched a sustainable food plan. 

The European Food Safety Authority recommended that minimum space allowance for pigs should be increased, and that some sows should be housed in pens rather than crates, among other measures. The practice of tail docking -- which is used to stop pigs biting their tails if distressed -- should not be performed routinely, it said.   

Inflation, Musk sells Tesla and a European river is drying up.

The big US CPI numbers finally arrive today. Economists expect inflation in the US to have cooled in July, though by how much seems to be the big question for traders. The median forecast of economists in a Bloomberg survey is for an annual reading of 8.7% and an increase of 0.2% from June. Meanwhile, Bank of America reckons that the US yield curve could invert more deeply than at any time since the 1980s because of the Federal Reserve's efforts to cool inflation.