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Monday, December 5, 2022
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Rate hikes continue – ECB raises rates by 0.75%

The ECB raised its key policy rate by 75bps from 0.75% to 1.59%, reaching its highest level since 2009. The ECB also made changes to...

French workers strike to demand pay rises keep pace with inflation

Workers across France have gone on strike to push for pay rises that keep up with inflation following weeks of walkouts that have hit...

Sri Lanka’s ousted president returns home after fleeing

Sri Lanka’s former president, Gotabaya Rajapaksa, who fled the country in July after tens of thousands of protesters stormed his home and office in...

Bank of England confirms largest interest hike in over 25 years as long recession looms

The Bank of England (BoE) raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on...

US inflation hit a new 40-year high last month of 8.6%

The prices of petrol, food and most other goods and services in the US jumped in May, raising US inflation to a new four-decade...

Russia’s central bank cuts interest rates to pre-war level

Russia’s central bank cut interest rates back to their pre-war levels on Friday, saying inflation and economic activity were developing better than expected despite...

Eurozone inflation hits record 8.1% amid rising energy costs

Inflation in the 19 countries that use the euro currency hit a record 8.1 per cent in May amid surging energy costs prompted in...

Spain passes landmark labour reform, unlocking billions in EU aid

The Spanish parliament has ratified by one single, mistaken vote a landmark labour reform devised by the country’s Socialist-led coalition government, unlocking billions of...

European Central Bank plans to redesign euro banknotes

The European Central Bank (ECB) has revealed plans to redesign its euro banknotes, with a final decision on the new look expected in 2024. The...

Inflation across eurozone hits record high of 4.9%

Consumer prices across the 19 countries that use the euro currency are rising at a record rate, official figures show. Eurostat, the European Union’s statistics...

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