Mindful Money’s news round-up: Tuesday 16th August 2011

16th August 2011

Story of the day:

From the Guardian, had Standard & Poor's factored in overconsumption of natural resources, the US would have faced a downgrade years ago.

Sustainability should be the true measure of US creditworthiness

And the best of the rest:

German economic growth slowed to a near standstill in the second quarter of this year, dealing a further, unexpected blow to eurozone prospects, reports the Financial Times.

Sharp fall in German economic growth

From the BBC News, the rate of Consumer Prices Index (CPI) inflation rose to 4.4% from 4.2% in June, although the Retail Prices Index (RPI) measure was unchanged at 5%.

UK inflation accelerates in July

Then in the Guardian another way it will affect the public, hard-hit rail commuters face more misery as inflation figures on Tuesday reveal how much more they will have to pay for their season tickets in the new year.

Inflation could push up rail season tickets by 8%

More good news for consumers, in Reuters, global food prices held near three-year highs in July and stocks were low, piling on pressure on the world's poor, the World Bank said on Monday.

Global food prices near 3-year highs: World Bank

Although, the public might get cut a break when it come to the mobile phone industry – according to the Telegraph, Chinese mobile telecoms giant Huawei is its stepping up its assault on the UK market after growing sales 11pc in the first half of the year to nearly £10bn.

Huawei to launch range of smartphones for under £100

Also from the Telegraph, Sir James Dyson, the inventor and businessman behind the eponymous vacuum cleaner, has warned that he may be forced to take his research and development operations abroad if Britain does not produce more engineers.

Dyson says lack of engineers in the UK could force vacuum maker offshore

From the Wall Street Journal, Google Inc. forged a $12.5 billion deal to buy Motorola's cellphone business, a move that could reshape the Internet giant's fortunes in the mobile world while also giving it an arsenal of patents for legal warfare with Apple Inc. and others.

Google's $12.5 Billion Gamble

More from the Wall Street Journal, the stock market's recent wild swings have unsettled many investors, but they have led to record profits for high-frequency traders following months of disappointing returns, industry analysts and money managers said.

A Wild Ride to Profits

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