Eshe Nelson
Posts
European Central Bank Raises Interest Rates to Highest Level Since 2001
Inflation is “projected to remain too high for too long,” the central bank said as it raised interest rates by a quarter-point, its eighth consecutive...
Is Beyoncé Linked to Sweden’s Inflation? An Economist Says So.
As fans from around the world spent money to witness the kick off of the star’s tour in Sweden, they may have caused the country’s...
An Amazon Unionizing Bid in Britain Stumbles
Over 700 workers in Coventry joined a union and are seeking recognition for it to negotiate with the company, known for its resistance to organized...
Britain Braces for High Rates as Inflation Signals Get Stronger
Wage growth has increased faster than expected, and investors are betting the Bank of England will have to keep interest rates higher for longer.
Why Are Food Prices So High in Europe? Sugar, Cheese and Bread Costs Soar
Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers.
U.K. Inflation Slowed in April, but Remains Stubbornly High
Consumer prices rose 8.7% from a year earlier, the slowest pace since March 2022.
U.K. Economy Continues to Grow Slowly
The increase of 0.1 percent in the three months that ended in March, which was driven by construction and information services, matched the slow rise...
Bank of England Raises Interest Rates to 4.5%, Highest Level in 15 Years
The central bank lifted its benchmark rate a quarter point, to 4.5 percent, as part of its aggressive policy to tame inflation, which has remained...
European Central Bank Raises Rates Again, but Only a Quarter Point
The bank said “underlying price pressures remain strong” in the eurozone, where the annual inflation rate reached 7 percent last month.
The U.K. Economy Needs a Pick-Me-Up. Is the Coronation Enough?
Caught between slow growth and high inflation, businesses are hoping King Charles’s coronation will bolster consumer confidence enough to last more than just one weekend.