The Bank of England has warned inflation could peak at close to 6% by April. Photograph: Thomas Krych/SOPA Images/Rex/Shutterstock The Guardian By Phillip Inman Bank of England to vote on potential rate change while inflation soars to 30-year high Britons are braced for the Bank of England to increase interest rates on Thursday as the

By Anadolu Agency Energy has highest annual rate last month with 28.6%, according to preliminary Eurostat data Annual euro area inflation hit a new record high of 5.1% in January, according to a flash estimate of preliminary data from Eurostat on Thursday. The figure, above market forecasts of 4.4%, was up from 5% in December

The Bank of England has warned inflation could peak at close to 6% by April. Photograph: Thomas Krych/SOPA Images/Rex/Shutterstock The Guardian By Richard Partington The Bank of England is poised to raise interest rates on Thursday amid growing concern over the pressure on households from high inflation in Britain’s cost of living crisis. City economists

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Thursday, Jan. 27, 2022. Asian stock markets tumbled by unusually wide margins Thursday after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation. (AP Photo/Kin Cheung) By Associated

A UPS Boeing 757 cargo plane makes an approach to Miami International Airport above the skies of Surfside, Fla., Wednesday, Jan. 19, 2022. (AP Photo/Wilfredo Lee) By Associated Press Boeing is reporting a $4.16 billion loss for the fourth quarter as the financial fallout from production flaws in one of its best-selling planes keeps getting

Air Force’s C-130J Super Hercules moves after landing on the newly constructed highway after India’s Prime Minister Narendra Modi inaugurated the 340 km Purvanchal Expressway in Sultanpur in the northern state of Uttar Pradesh, India, November 16, 2021. REUTERS/Pawan Kumar By Reuters The U.S. State Department has approved the potential sale of air defense radars

Saudi army officers walk past US-made F-15 fighter jets displayed at King Salman air base in Riyadh, on 25 January 2017 (AFP) By Middle East Eye Several countries in the Middle East and North Africa have been ranked as the “riskiest” nations that receive US arms sales, according to a recent study published by the

Ministry of National Treasury and Planning Cabinet Secretary Ukur Yatani By Business Daily Africa Kenya will retain Citi Bank and JP Morgan to arrange its fifth Eurobond to be issued this year, looking to raise up to Sh250 billion. The Treasury told the Business Daily Wednesday that the two investment banks, which also helped Kenya

File – Shoppers walk along Oxford Street, Europe’s busiest shopping street, in London, on Dec. 15, 2021. Consumer prices in the United Kingdom has risen at the fastest pace in almost 30 years as higher costs for energy, transportation, food and furniture squeezed household incomes. The Office for National Statistics said Wednesday that inflation measured

By Anadolu Agency Oil prices climbed to their highest level in the last seven years on Tuesday on supply woes after an attack by Yemen’s Houthi rebel group on Abu Dhabi, and supply disruptions from the inability of some OPEC+ countries in meeting their monthly quotas. International benchmark Brent crude was trading at $87.50 per