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

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

Bank of England To Hike Interest Rates Up To 5%

Digital Desk -
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...
ECONOMY

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

Digital Desk -
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...
ECONOMY

‘Agreement in principle’ reached in US debt crisis talks

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

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

Digital Desk -
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...
BUSINESS

European growth forecast raised to 1.1% after winter recession avoided

Digital Desk -
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...
BUSINESS

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

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

Europe’s economy barely grows as inflation pinches consumers

Digital Desk -
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...
BUSINESS

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

Digital Desk -
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,...
BUSINESS

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

Digital Desk -
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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