Eshe Nelson
Posts
U.K. Inflation, Unchanged at 6.7 Percent, Ends String of Declines
A small drop in food prices in September was offset by rising costs for gasoline and diesel.
U.K. Inflation Rate Slips Lower for Third Straight Month
Prices rose at an annual rate of 6.7 percent in August. A rise in energy costs was offset by a slower increase in food prices.
Hollywood Strikes Send a Chill Through Britain’s Film Industry
Many U.S. studios’ blockbusters are filmed in Britain, so the walkouts by actors and screenwriters have caused thousands of U.K. film crews to lose work.
European Central Bank Raises Rates for a 10th Time
In its battle to control inflation, the bank raised its key interest rate to the highest level on record.
Eurozone Inflation Holds Steady at 5.3 Percent
Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank...
Ozempic and Wegovy, Novo Nordisk’s Weight Loss Drugs, Reshape Denmark’s Economy
Novo Nordisk, the Danish company behind two popular obesity medications, is reaping huge profits and is now responsible for most of Denmark’s economic growth.
The Bank of England Raises Rates Again
Britain’s central bank raised rates for a 14th consecutive time as it warned that some risks from persistent inflation were “crystallizing.”
E.C.B. Raises Rates Again, Citing ‘Too High’ Inflation
The bank said some price pressures were easing, but that “underlying inflation remains high overall,” as it raised rates a quarter percentage point.
U.K. Inflation Rate Slows to 7.9 Percent
The larger-than-expected slowdown, led by motor vehicle fuel prices, offers some relief to the government and the Bank of England.
Why Britain’s Mortgage Holders Are Being Squeezed
The Bank of England’s campaign to curb inflation is pushing up monthly payments for millions of homeowners.
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