Inflation has risen to a new 40-year high, reaching 9.4 per cent last month during the cost of living crisis.
Soaring food and fuel prices were largely behind the increase, according to the Office for National Statistics.
It said Consumer Price Index inflation rose to 9.4 per cent in the 12 months to June, up from 9.1 per cent in May – which was also the highest level in 40 years at the time.
(Bloomberg) -- American equity futures posted modest gains amid cautious optimism the US will avert a catastrophic default after the weekend’s tentative debt-ceiling deal. European stocks wavered in...
Read more
The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms. After introducing a plan to...
Read more
Nvidia’s chief executive hailed a new era of computing in which “everyone is a programmer”, as the world’s most valuable semiconductor group unveiled a new supercomputer platform to...
Read more
President Joe Biden and his European allies have repeatedly stressed their desire to “de-risk,” not “decouple,” from the Chinese economy in recent months as a way to explain...
Read more
WASHINGTON, DC - MAY 26: U.S. Speaker of the House Rep. Kevin McCarthy (R-CA) speaks to members of the media after arriving at the U.S. Capitol on May...
Read more
Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.
