Official data showed U.S. consumer price growth eased significantly last month ahead of a crucial meeting at which policymakers will announce their latest interest rate decision. The U.S. Labor Department says prices rose 3.3% year over year through the end of May, while they fell 0.1 percentage point from the previous month. Even as rent continues to strain household budgets, core inflation, which strips out more volatile items such as food and energy prices, has also fallen. The Federal Reserv...

Ukrainian President Volodymyr Zelensky has said that Russia and China are endeavoring to subvert his next international peace meeting in Switzerland. According to him, Russia was attempting to discourage other governments from participating in the event, and China was also engaged in similar efforts. During his speech at an Asian security summit, Putin further said that some components of Russia's armament originate from China. China maintains a neutral stance in the Ukraine conflict, a posture ...

McDonald's is removing its artificial intelligence (AI) ordering technology from its drive-thru restaurants in the United States after customers shared comical mishaps online. In 2019, it was announced that it was testing a system developed by IBM that processes orders using voice recognition software. However, it wasn't foolproof, leading to viral videos of strange misinterpreted orders ranging from bacon ice cream to hundreds of dollars worth of chicken nuggets. McDonald's has told franchisees...