Recent strikes have sent oil prices climbing again, with average gas price per gallon up by $0.70 compared with 2025 Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics. The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly staying under 3% since mid-2024, CPI reached a three-year high of 4.2% in May – up from 2.4% in February. Month-over-month, CPI fell 0.8% in June, the largest one-month decrease since April 2020. Continue reading... from The Guardian https://ift.tt/eHywGU9 via IFTTT
Ekrem İmamoğlu, the main political rival of Recep Tayyip Erdoğan, faces charges including bribery and extortion
Turkish prosecutors have charged Istanbul’s jailed mayor, Ekrem İmamoğlu, with 142 offences that could carry a penalty of hundreds of years in prison, in a move seen as a politically motivated attack on the country’s opposition.
The indictment filed on Tuesday, which runs to nearly 4,000 pages, charges the popular opposition figure who was arrested on 19 March with offences including running a criminal organisation, bribery, embezzlement, money laundering, extortion and tender rigging.
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