US inflation battle continues as consumer pri...
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US stocks rallied after the latest US inflation report showed price rises slowed in July, Disney beat analyst expectations and added 15mn subscribers to its Disney+ streaming service, and social media companies want livestreams to be the future of shopping.
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US consumer prices rose more than forecast in June, hitting an annual pace of 9.1 per cent, and investors are shunning 20-year US government bonds. Plus, a clash of cultures and geostrategic interests sank a German-Chinese joint venture competing in the new space race.