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ECONOMY

Europe inflation slips to 5.5% — but that will not stop central bank rate hikes

Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop...

Bank of England To Hike Interest Rates Up To 5%

According to Reuters British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of...

£1,600 Universal Basic Income To Be Trialled in England At Whose Cost?

Money for nothing, Universal Basic Income, (UBI) is to be trialled in England for the first time. Under a pilot scheme, 30 people irrespective of...

‘Agreement in principle’ reached in US debt crisis talks

The White House has reached an “agreement in principle” with the Republicans on a deal to limit federal spending and resolve a looming debt...

Germany’s GDP shrinks to put Europe’s biggest economy into a recession

The German economy suffered an unexpected dip in the first quarter of the year, formally putting the country into a recession, new figures show. Germany’s...

European growth forecast raised to 1.1% after winter recession avoided

The European Union’s executive body has raised its economic growth forecast, saying Europe has dodged a winter recession that was feared amid an energy...

European Central Bank set to raise interest rates after inflation edges higher

The inflation rate in the eurozone inched higher last month, extending the squeeze on households and keeping pressure on the European Central Bank (ECB)...

Europe’s economy barely grows as inflation pinches consumers

The European economy scraped out meagre growth of 0.1% in the first three months of the year, barely gaining momentum after dodging a winter...

Global economic growth set to fall below 3% this year, IMF chief warns

The International Monetary Fund chief has said the world economy is expected to grow less than 3% this year, down from 3.4% last year,...

Yields drop but stocks hold steady after Fed’s latest interest rate hike

Stocks were holding relatively steady and yields were slumping after the Federal Reserve announced its latest hike in interest rates, while hinting it may...

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