Home The BuzzMorning briefing: 13 Sep 2012

Morning briefing: 13 Sep 2012

by Executive Staff

Saudi Arabia's annual inflation eased to 3.8 percent in August, its lowest level in almost three years, government statistics showed. Slower increases in rents were highlighted as the cause of the slowdown. Consumer price growth in the world's top oil exporter has been slowing gradually since peaking at 5.4 percent in February and March, registering 4.0 percent in July. More from Arabian Business President Barack Obama has vowed to bring to justice the killers of the US ambassador to Libya and three other diplomats after they were murdered by Islamist protesters. Obama condemned the attack in Benghazi as "outrageous and shocking" but insisted it would not threaten relations with Libya's new elected government, which took power in July after rebel forces backed by NATO air power overthrew Muammar Gaddafi. The targeting of US diplomats was sparked by a US-made film seen as insulting the Prophet Mohammad. More from Reuters The

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