Italy suffers surge in price of signature staple

The price of pasta in Italy has been soaring over the past two months, forcing the government to hold an emergency meeting this week to decide whether a price cap or other state intervention is necessary.

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North Korean leader hails ‘new era of space power’

Kim Jong-un has celebrated the successful launch of a spy satellite, calling it a self-defense breakthrough for Pyongyang North Korean leader Kim Jong-un has heralded the military breakthrough achieved with the country’s first successful launch of a spy satellite, saying it would help protect Pyongyang from the “dangerous and aggressive moves” of its adversaries.

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‘Stalling’ UK economy reignites recession fears – S&P

The UK economy is “close to stalling” as business growth has slowed to its lowest level since January, hit by soaring interest rates, a survey by S&P Global Insight has indicated. Private sector activity in Britain has seen a “considerable slowdown” due to sluggish demand, spiraling inflation, and increasingly high borrowing costs, driving July’s PMI…

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