U.K. inflation remained the highest of any major advanced economy in August, holding at 3.8%. The core figure, which excludes energy, food and tobacco, eased to 3.6%

London

UK services inflation has risen by 4.7% year-on-year, closely matching recent wage increases. This persistent inflation, particularly in the services sector, is making it difficult for the Bank of England to lower interest rates more aggressively, despite being in a rate-cutting cycle. 

The ongoing high inflation means higher financing costs for the government, which could lead to increased deficits unless productivity improves, more debt is raised, or spending is cut. Political pressures and uncertain growth prospects further complicate the economic outlook, with calls for tangible results from growth initiatives and a pressing need for job creation and lower inflation.

UK inflation still too hot for comfort

We had the breaking news on the UK, and it is what it says. August services, I can add that, up 4.7% year on year, which pretty much matches those wage increases that we saw in the previous 24 hours. I'm afraid services and UK wages are still way too hot for comfort for the Bank of England to feel more comfortable cutting interest rates more aggressively. Of course, we are in a cutting cycle at the moment, but for the government, this is bad news galore because let's get this in order. If the interest rate has to stay higher because the inflation rate is staying higher, that means your financing costs stay higher, which means your deficit from your budgetary rules stay higher, which means, I don't know, we have to find more productivity from the UK economy. Oh, hang on a second, the OBR is about to downgrade that, or you have to raise more debt, or you have to cut spending as well. This government ain't gonna cut spending, of course, especially with Keir Starmer facing a threat from the centre-left with the Mayor of Manchester, Andy Burnham, I'm getting a lot of information here, creeping up the rails, even though he hasn't got a seat in Parliament, which is a slightly tricky thing if you wanna be leader of the country. So it's tricky for Rachel Rees, and it's tricky for Keir Starmer. You left one option out, U.S. to the rescue. Who? U.S. to the rescue. President Trump coming in with his tech entourage, bringing the growth. That's what Keir Starmer's hoping for anyway. Yeah, we have to go to Cuba Gooding Jr. again. Show me the money, show me the money. We have all these growth initiatives. She announced them all last year in a way. We've got all this brilliant tech stuff coming out. Show me the money. Show me how this turns into U.K. growth. It looks great. Yeah? It looks great, and I agree, and I'm not gonna be churlish about it, but if it doesn't turn into better growth figures for the U.K., where's the win? Well, I think that the U.K. desperately needs job creation right now, and they need a break on inflation, and we'll see which of those, if either of them actually comes through.

King Charles III will host Trump at Windsor Castle this Wednesday before talks with Prime Minister Keir Starmer at Chequers, the British leader’s rural retreat.

Donald Trump arrives in the UK for historic second state visit

Authorities in Utah will seek the death penalty for the man accused of fatally shooting conservative activist Charlie Kirk at Utah Valley University (UVU) last week, the state’s top prosecutor has said. The announcement came as authorities formally charged Tyler Robinson in the killing.

Utah

Prosecutors to seek death penalty for alleged Charlie Kirk shooter

The eyes of the global financial markets are on the US Federal Reserve. It's expected to be cut later on Wednesday, around a quarter-point. But US President Donald Trump has called repeatedly for much steeper rate cuts.

Washington

Global markets watch as Trump challenges Fed independence

The U.S. Secretary of State has visited Qatar a week after Israel attacked a meeting of the Hamas negotiating team in Doha. Marco Rubio met Qatar's Prime Minister and the Emir, Sheikh Tamim Bin Hamad Al Thani.

Doha

Marco Rubio visits Doha, holds talks with Emir and PM

Utah County Attorney Jeff Gray provided updates Tuesday on the case against Tyler Robinson, the 22-year-old accused of fatally shooting Charlie Kirk. Robinson is charged with seven counts, including aggravated murder. The state is seeking the death penalty.

Utah County

Charlie Kirk shooting suspect charged with murder

A judge has dismissed two state terrorism-related charges against Luigi Mangione, the 27-year-old accused of killing UnitedHealthcare CEO Brian Thompson last December. CBS News' Anna Schecter has more details.

New York

Luigi Mangione's state terrorism charges dismissed in CEO killing

Israel said it has launched its ground offensive in Gaza City. It comes as a United Nations inquiry finds that Israel's nearly two-year war on Gaza is a genocide. Israeli leaders have denounced the report as "distorted and false."

Jerusalem

Middle East Conflict

Israel launches main phase of ground offensive in Gaza City

U.S. President Donald Trump becomes the first U.S. president to receive a second state visit as Britain faces protests over immigration and growing support for the pro-Trump Reform Party. CBS News correspondent Ed O'Keefe reports from London.

Trump begins state visit to London amid rising political tensions

U.S. President Donald Trump announced Monday (Sept. 15) the U.S. military carried out a second strike against an alleged Venezuelan drug boat. CBS News' Charlie D'Agata has the latest.

Caracas

Trump announces second U.S. strike on alleged Venezuelan drug boat

U.S. President Donald Trump threatened investigations into the ‘radical left,’ following the shooting death of Charlie Kirk. Vice-President J.D. Vance on Kirk’s podcast encouraged people to turn in those who celebrated the conservative commentator’s killing.

Charlie Kirk’s killing prompts broad threats from Trump administration

The United States and China reached a framework agreement to switch short-video app TikTok to U.S.-controlled ownership, U.S. officials said.

Washington County

U.S., China reach framework deal on TikTok

U.S. Secretary of State Marco Rubio met in Jerusalem with Israeli Prime Minister Benjamin Netanyahu, as close U.S. ally Qatar gathered other Arab nations' leaders for a summit to issue unified condemnation of last week's Israeli airstrike targeting Hamas leaders in the Qatari capital.

What to know about Rubio's trip to Israel, Qatar summit

President Trump announced the U.S. military has carried out a second strike on alleged Venezuelan "narcoterrorists" in international waters. Three men were killed.

Trump announces second strike on alleged drug boat from Venezuela

Arab and Islamic leaders are gathering in Qatar for an emergency summit following an Israeli attack on Hamas leaders in Doha. The meeting aims to show unity and increase pressure on Israel.

Arab, Islamic leaders meet in Qatar after Israeli attack on Hamas

HBO's medical drama, "The Pitt" beat out heavily-favored Apple TV's "Severance" for outstanding drama series at the Emmy Awards. Meanwhile, Apple TV's "The Studio" walked away with 13 awards and broke the Emmy record for the most wins by a comedy in a single season.

Los Angeles

"The Pitt," "The Studio," and "Adolescence" win big at Emmy Awards

U.S. Secretary of State Marco Rubio arrived in Israel on Sunday to meet with Prime Minister Benjamin Netanyahu and other officials amid the nation's recent strike in Doha, Qatar, and intensified attacks in Northern Gaza.

Israel hosts U.S. Secretary of State Marco Rubio

Over the weekend, tens of thousands of people marched through London in a rally billed as in support of free speech. Many of the chants and speeches at the rally, which was organized by a far-right activist, were protesting against immigration.

Thousands in London march in rally organized by far-right activist

U.S. and Chinese officials concluded a first day of talks in Madrid on their strained trade ties, a looming divestiture deadline for Chinese short-video app TikTok, amid Washington's demands that its allies place tariffs on imports from China over its purchases of Russian oil.

Madrid

Global Tariffs

U.S., China begin trade talks in Spain as TikTok deadline looms

Police are searching for a motive in Wednesday's killing of conservative activist and influencer Charlie Kirk. Authorities say interviews with family and friends of the 22-year-old suspect suggest he could have been radicalized in the dark corners of the internet.

Orem

Charlie Kirk shooting suspect 'not cooperating' with authorities

U.S. Secretary of State Marco Rubio said ahead of the trip that he will be seeking answers from Israeli officials about how they see the way forward in Gaza. Rubio's trip comes after Israel's attack on Hamas leaders in Qatar that upended efforts to broker an end to the conflict.

U.S. Secretary of State Marco Rubio in Israel for talks

Five U.S. F-35 fighter jets landed in Puerto Rico amid escalating tensions with Venezuela. Separately, Caracas said 18 armed U.S. Navy personnel raided a tuna boat sailing in Venezuelan waters.

San Juan

U.S. sends jets to Puerto Rico amid escalating tensions with Venezuela

U.S. President Donald Trump said he believes the Russia-Ukraine war would end if all NATO countries stopped buying oil from Russia and placed tariffs on China of 50 percent to 100 percent for its purchases of Russian petroleum.

Trump calls on NATO members to stop purchasing Russian oil

U.S. Secretary of State Marco Rubio arrived in Israel on Sunday, as Israel intensified its attacks against northern Gaza. The trip is taking place after President Donald Trump rebuked Israel over the unprecedented attack against Hamas leaders meeting in Doha.

Tel Aviv-Yafo

Marco Rubio visits Israel to push for Gaza ceasefire talks

NATO announced plans to beef up the defense of Europe's eastern flank on Friday, two days after Poland shot down drones that had violated its airspace in the first known action of its kind by a member of the Western alliance during Russia's war in Ukraine.

Warsaw

Ukraine Invasion

NATO bolsters its eastern flank after Russian drones hit Poland

Protests broke out in Chicago on Saturday against President Trump's immigration crackdown. A group of Catholic clergy led what they called a "People's Mass" outside the Great Lakes Naval Base. The base will also be used by Immigration and Customs Enforcement as a staging area for deportations.

Chicago

Tensions over immigration escalate in Chicago

More than 100,000 people took to the streets in London on Saturday, in what's believed to be the largest anti-immigration protest in British history. Organizers called it a "Unite the Kingdom" rally.

Huge crowds march for right-wing "Unite the Kingdom" rally in London

President Trump signaled a new position on Russia's war with Ukraine. He said the U.S. will agree to additional sanctions on Moscow, but only when NATO allies stop buying Russian oil. Willie James Inman has more details.

Trump says NATO must stop buying Russian oil

Tyler Robinson, the 22-year-old suspect in the murder of conservative activist Charlie Kirk, is being held in Spanish Fork, Utah. Officials have yet to identify a precise motive for Wednesday's shooting. Carter Evans has new developments.

Suspect's family says he recently became more political

NATO has launched operation Eastern Sentry to bolster its presence along the eastern flank of Europe, after Russian drones were found in Poland on Wednesday. Meanwhile, U.S. President Donald Trump is calling on all treaty members to increase economic pressures on Russia.

Trump calls on NATO members to impose sanctions on Russia

More than 100,000 people marched through central London on Saturday in a 'Unite the Kingdom' demonstration against immigration organized by far-right activist Tommy Robinson. Police said a number of officers were assaulted.

Breakdown