Business

UK inflation leaps to 10-year high, bolstering rate hike bets

LONDON (Reuters) -British inflation surged to a 10-year high last month as household energy bills rocketed, according to data on Wednesday that will bolster expectations that the Bank of England will raise interest rates next month.FILE PHOTO: People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind, amid the […]

Business

U.S. retail sales surge as Americans kick off holiday shopping, brighten economic outlook

WASHINGTON (Reuters) – U.S. retail sales surged in October as Americans eagerly started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a lift at the start of the fourth quarter.FILE PHOTO: Shoppers wait in line to enter the Chanel store on 57th […]

Business

China's new home prices in Oct fell by the most since February 2015

FILE PHOTO: Apartment blocks are pictured in Beijing, China December 16, 2017. REUTERS/Jason LeeBEIJING (Reuters) – China’s October new home prices fell 0.2% month-on-month, the biggest decline since February 2015, amid continued demand weakness across the country with authorities holding the line on purchase restrictions to deter speculators. New home prices rose 3.4% year-on-year in […]

Business

UK employers plan only modest pay rises, easing BoE inflation worries

LONDON (Reuters) – British private-sector employers expect to raise staff pay by an average of 2.5% over the next 12 months, well below the likely rate of inflation, according to a survey that could ease worries at the Bank of England about the risk of a wage-price spiral.FILE PHOTO: A worker arrives at his office […]

Politics

‘Angry’ French senators lose patience with ‘absent EU’ in the fishing row with the UK

Jersey fishing boss opens up on rejected fishing licences We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info On Wednesday, the Senate’s Fisheries and […]

Business

German exports fall for second consecutive month in September

BERLIN (Reuters) -German exports fell for a second consecutive month in September while imports nearly stagnated, the statistics office said on Tuesday, in a further sign that supply chain disruptions are complicating the recovery of Europe’s largest economy.FILE PHOTO: Cars intended for export wait at the port for loading, as the spread of the coronavirus […]

Politics

Boris’s £15BN ultimatum to EU – Rattled Eurocrats in meltdown as they blast ‘toddler’ UK

Boris Johnson's approval rating discussed by polling expert We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The scathing analysis comes as a time […]

Business

U.S. services sector index jumps to record high; private payrolls beat expectations

WASHINGTON (Reuters) – A measure of U.S. services industry activity surged to a record high in October likely as declining COVID-19 cases boosted demand, but businesses remained burdened by snarled supply chains and the resulting exorbitant prices.FILE PHOTO: Customers drink and dine inside the restaurant “Martha” after showing proof of their coronavirus disease (COVID-19) vaccinations […]

Business

U.S. factory orders unexpectedly rise in September

WASHINGTON (Reuters) – New orders for U.S.-made goods unexpectedly rose in September, though manufacturing remains constrained by input shortages.FILE PHOTO: A welder works while building a bus frame at the BYD electric bus factory in Lancaster, California, U.S., July 1, 2021. REUTERS/Mike BlakeThe Commerce Department said on Wednesday that factory orders increased 0.2% in September. […]

Business

Euro zone Oct factory growth hurt by supply woes, price pressures -PMI

FILE PHOTO: A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe’s largest car factory after coronavirus shutdown in Wolfsburg, Germany, April 27, 2020, as the spread of the coronavirus disease (COVID-19) continues. Swen Pfoertner/Pool via REUTERSLONDON (Reuters) – Manufacturing activity remained strong in the euro zone last month but […]