Sharp interest raise expected from The Bank of England
After a week of postponement due to the death of the British Queen Elizabeth II, The Bank of England will issue a new interest rate decision this Thursday.…
Continue Reading
Gas price in EU explodes after news on new developments in Ukrainian war
European gas prices rose on Wednesday after Putin’s speech, in which he announced a partial military mobilisation and promised to incorporate Ukrainian territories. At the leading gas exchange,…
Continue Reading
AUKUS alliance revives discussion on non-proliferation
China’s permanent mission to the United Nations has been put to the test recently. Members of the mission are very angry with the International Atomic Energy Agency (IAEA)…
Continue Reading
High inflation is likely to trigger a series of interest rate hikes in the US and Europe
The US will almost certainly raise policy rates sharply next week, in response to persistently high inflation rates. But the European Central Bank (ECB) is also under pressure…
Continue Reading
Inflation expected by public pools
The British public expects inflation to rise to 4.9% over the next year, up from 4.6% in May, and the highest since measurements began in 1999, a Bank…
Continue Reading
Ocado warns of drop in sales as consumers cut spending
Ocado has warned that annual sales will decline as customers buy fewer expensive products and generally buy less due to the rising cost of living. The online grocery…
Continue Reading
Aldi overtaken Morrisons in the national supermarket race
German discounter Aldi has overtaken Morrisons to become Britain’s fourth-largest supermarket group, helped by its popularity during the cost-of-living crisis, industry data published Tuesday showed. Market researcher Kantar…
Continue Reading