Bank of England warns ‘higher inflation unavoidable’ after holding interest rates
Governor says decision to keep rates at 3.75% reasonable given unpredictability of events unfolding in Middle East
Source: The GuardianRead original →
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The Guardian (10 articles)
The chips are down: pizza, fried chicken and doughnut shares plunge on ASX as living costs bite budgets
Shares in Domino’s Pizza, KFC operator Collins Foods and multi-brand food franchise owner Retail Food Group have all suffered double-digit falls
Source: The GuardianRead original →
Bank of England leaves interest rates on hold with committee split 8-1; ECB also keeps rates steady – as it happened
Bank warns UK may need to brace for rate hikes later this year as ‘higher inflation is unavoidable’; oil prices retreat after topping $126 a barrel on Reuters report that the US is pressing ahead with plans for an international coalition to open the strait of Hormuz
Source: The GuardianRead original →
Could the UAE’s shock exit from Opec cause an oil price war?
A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to come
Source: The GuardianRead original →
Oil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’
Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shut
Source: The GuardianRead original →
US economic growth rebounds 2% as consumer spending slows amid Iran war
First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fears
Source: The GuardianRead original →
Eurozone inflation soars to 3% as Iran war drives up energy prices
ECB keeps interest rates on hold as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February
Source: The GuardianRead original →
Why Bank kept interest rates on hold despite message for UK to brace itself for Trumpflation
The reasons are hardly comforting, pointing to the weakness of a battered economy in the face of this latest crisis
Source: The GuardianRead original →
Tell us: how will cuts to paid parental leave in the US affect you?
Some companies are scaling back paid parental leave. We would like to hear from people affected by this
Source: The GuardianRead original →
Air France-KLM cuts capacity growth forecast amid expected $2.4bn fuel bill rise
Move comes as airline industry reacts to uncertainty over Iran war and increase in price of Brent crude
Source: The GuardianRead original →
