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Move marks eighth successive rise, highlighting struggle to cool price rises amid juddering growthBusiness live – latest updatesThe European Central Bank has raised eurozone interest rates by a quarter-percentage point to the highest level since 2001 a…
Start of superstar’s world tour ‘seems to have coloured inflation’, says economist, after tens of thousands of fans flocked to the capital for concertsSwedish inflation fell below 10% in May, official statistics showed, but was still higher than expect…
GDP rose by 0.2% in April, with rising car sales and reduced impact of strikes also playing a partBusiness live – latest updatesThe UK economy eked out a return to growth in April as rising car sales and customers spending in pubs and bars helped outpu…
Governance Institute report finds executive salary increases at some of the largest companies more than double rate of inflationFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news …
Inflation year-over-year in May was down 0.9% compared with April and is the lowest rate since April 2021The prices of goods and services in the US rose 4% over the last year, showing a cooling of prices as the Federal Reserve considers pausing interes…
Stronger than expected job and pay data makes interest rate rise more likely, driving up two-year bond yieldsAnalysis: Don’t rule out half-point interest rate riseBusiness live – latest updatesUK government borrowing costs have risen above the levels h…
Move follows decision by HSBC and applies to brokers and online applications as lenders hike fixed ratesSantander is the latest major bank to announce it is temporarily pulling its mortgage deals for new borrowers off sale as the turmoil in the home lo…
Households and firms can expect more financial pain despite Britain dodging technical recession, says KPMGBritain will be left with deep scars from the pandemic despite narrowly escaping a second recession within three years and growing signs of an eco…
Finance minister reaches deal with 75 manufacturers after signs of falling prices for raw materialsBig food manufacturers in France have pledged to lower prices on hundreds of products next month after pressure from the government.The French finance mi…
The question is not whether UK house prices will continue to fall but how big the drop will beBusiness live – latest updatesThis time last year the housing market was flying. Demand for home loans was strong and mortgage lenders were vying to offer the…