UK inflation slowdown unlikely to shift vote, rate outcomes LONDON: Britain’s inflation rate has slowed to a near three-year low, official data showed Wednesday, but the ... Published 20 Jun, 2024 06:01am
Markets FTSE nudges lower for week after record run LONDON: London’s FTSE 100 ended the day and the week slightly lower on Friday, pausing after a run of record highs... Published 20 May, 2024 05:44am
Business & Finance UK inflation slows to 3.4% in February LONDON: British consumer prices rose by a slightly weaker-than-expected 3.4% in annual terms in February, slowing... Published 20 Mar, 2024 01:31pm
Markets European shares rise as soft UK inflation boosts sentiment European shares edged higher on Wednesday as a softer-than-expected UK inflation boosted hopes of imminent... Published 14 Feb, 2024 02:44pm
Business & Finance UK inflation holds at 4.0 percent in January: data LONDON: Britain’s annual inflation rate remained unchanged in January from the previous month, confounding... Published 14 Feb, 2024 01:13pm
Business & Finance UK inflation in shock rise, dashing rate cut hopes LONDON: British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an ... Published 18 Jan, 2024 05:54am
Business & Finance UK inflation rate rises to 4% in December LONDON: Britain’s annual rate of consumer price inflation rose for the first time in 10 months in December,... Published 17 Jan, 2024 12:27pm
Business & Finance Dollar little changed on MLK Day LONDON: The dollar was little changed on Monday in cautious during a US public holiday, while risk-sensitive ... Published 16 Jan, 2024 05:44am
Markets FTSE 100 touches near 7-month high LONDON: British equities jumped on Wednesday as investors cheered a surprise drop in domestic inflation, which... Published 21 Dec, 2023 03:54am
Business & Finance Dollar higher as big UK inflation drop hits pound NEW YORK: The dollar strengthened against the pound on Wednesday after data revealed sharply falling UK inflation,... Published 21 Dec, 2023 03:54am
Business & Finance UK inflation falls sharply, relieving pressure on PM Sunak LONDON: UK inflation fell more than expected in October, data showed Wednesday, easing a cost-of-living crisis and... Published 15 Nov, 2023 01:35pm
Markets India to take medium-term view to curb inflation BENGALURU: India will take a medium-term view to intensify efforts to ease inflation pressures and avoid any... Published 17 Aug, 2023 10:28am
World UK PM Sunak commits to triple-lock pension policy despite inflation LONDON: British Prime Minister Rishi Sunak said he was committed to the government's mechanism for increasing state... Published 16 Aug, 2023 11:03pm
Print BoE hikes rate 14th time in row LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to... Updated 04 Aug, 2023 08:41am
Markets Sterling takes a beating; dollar gains ground SINGAPORE: Sterling was struggling to recover from a sharp fall on Thursday following UK inflation data that... Published 20 Jul, 2023 09:26am
Business & Finance Dollar gains as pound tumbles on cooling UK inflation NEW YORK: The US dollar bounced on Wednesday after inflation in the United Kingdom cooled more than economists... Published 20 Jul, 2023 03:12am
Markets UK inflation rate falls to 7.9% in June LONDON: British annual consumer price inflation fell to a lower than expected 7.9% in June, figures from the Office... Published 19 Jul, 2023 12:11pm
Markets UK’s Hunt: Still a long way to go in battle against inflation LONDON: British finance minister Jeremy Hunt said there was still a long way to go to reduce inflation towards... Published 19 Jul, 2023 12:08pm
World UK food price inflation to be 9% in December, industry researcher cautions LONDON: Food price inflation in Britain will decline through the balance of 2023 but will still be about 9% in... Published 13 Jul, 2023 06:07pm
Business & Finance BoE hikes rate half-point as high inflation persists LONDON: The Bank of England Thursday lifted its key interest rate by a half-point to five percent to tackle... Published 23 Jun, 2023 06:00am
Markets European stocks steady, pound drops as UK inflation surprises LONDON: European stock markets steadied and the pound dropped Wednesday as traders reacted to news of... Updated 21 Jun, 2023 04:02pm
Business & Finance UK inflation rate unchanged at 8.7% in May, contrary to forecast fall LONDON: British consumer price inflation was unchanged at 8.7% in May compared to April’s data, contrary to... Published 21 Jun, 2023 12:21pm
World UK PM Sunak: It's on me personally to meet pledge to halve inflation WASHINGTON: British Prime Minister Rishi Sunak said on Wednesday he would take personal responsibility if he fails ... Published 07 Jun, 2023 10:56pm
Business & Finance IMF says UK economy to grow this year in big U-turn LONDON: The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth... Published 24 May, 2023 05:57am
World UK finance minister Hunt: inflation above 10% is destabilising LONDON: British finance minister Jeremy Hunt said on Wednesday that inflation running above 10% was destabilising ... Published 19 Apr, 2023 11:48pm
Business & Finance UK inflation, highest in Western Europe, falls only a little in March LONDON: Britain now has Western Europe’s highest rate of consumer price inflation after it fell by less than... Published 19 Apr, 2023 01:01pm
Business & Finance UK recession risks persist despite brighter growth data LONDON: The UK economy performed slightly better than thought in the final quarter of last year, revised data showed... Published 03 Apr, 2023 07:35am
Business & Finance UK inflation rate rises to 10.4% in February LONDON: British consumer price inflation unexpectedly rose to 10.4% in February from January’s 10.1%, figures from... Published 22 Mar, 2023 12:21pm
World Thousands of hospital doctors walk out in latest UK strike LONDON: UK hospital doctors on Monday began a three-day strike over pay at the start of a week that will also see... Published 14 Mar, 2023 03:18am
Business & Finance UK grocery price inflation hits record 17.1% LONDON: British grocery inflation hit 17.1% in the four weeks to Feb. 19, another record high, dealing the latest... Published 28 Feb, 2023 02:20pm