World Business Report

The US Federal Reserve chairman has said the central bank will continue to raise interest rates "if appropriate" as inflation remains "too high". Jerome Powell told an annual gathering of central bankers that the pace of price rises had fallen from a peak. The Director of the British Museum is stepping down over the way the institution under his leadership handled a series of thefts that have shaken its reputation...

Germany’s economy slowly recovered in the second quarter of the year but it’s still very weak. Slow performance continues to drag down growth across the whole Eurozone.

The BRICS group of nations has invited six countries to join them. They are Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the UAE. We look at how some of these countries would benefit from joining this bloc. Central banks from around the world are gathering for the annual three-day conference in Jackson Hole, Wyoming. Turkey's central bank hiked interest rates on Thursday by more than expected as it steps up a new commitment to damp inflation through monetary policy.

Yevgeny Prigozhin was a head of the private military company and he used to personally operate the budget and salaries for the Wagner group. What will happen to Wagner now and who will take over the organisation?

Wagner mercenary chief Yevgeny Prigozhin was listed as a passenger on a private jet which crashed on Wednesday evening north of Moscow with no survivors, the Russian authorities said, raising fears among his allies that he had been killed. India makes history by becoming the first nation to land near the Moon's south pole. One of the mission's major goals is to hunt for water-based ice, which scientists say could support human habitation on the Moon in future...

India makes history by becoming the first nation to land near the Moon's south pole. One of the mission's major goals is to hunt for water-based ice, which scientists say could support human habitation on the Moon in future.

Microsoft has made a new bid to buy Call of Duty-maker Activision Blizzard in the latest twist in the tale of what would be the biggest deal of its kind in the gaming industry. Its original $69bn (£59bn) deal was blocked by UK regulators, but under the new offer Microsoft has agreed to transfer the rights to stream Activision games from the cloud to Ubisoft, a video games publisher, for 15 years...

The first day of the Summit BRICS 2023 is hosted by South Africa. Official meeting has been set aside for events involving the more than 70 countries invited as "friends" of the BRICS bloc. Delegations will gather to discuss the expansions, trades deals and de-dollarization.

Tropical Storm Hilary swept across the US state of California on Sunday night, bringing fierce winds and flooding to the Pacific coast. Now headed north to Nevada, the storm passed over Southern California, with record rainfall and flash flooding predicted in the Death Valley National Park. The storm is expected to deal a major blow to the region's economy, including its vineyards which last year generated over $88 billion for the US...

The BRICS group of developing economies – Brazil, Russia, India, China, and South Africa meet in Johannesburg this week for their annual summit. Top of the agenda will be its expansion. Twenty-three countries have formally expressed an interest in joining the group, while officials have said a total of 40 are seeking membership. We find out why this economic group is so important.