News And Announcements
UK retail sales volumes fall sharply in August
Retail sales fell sharply last month hit by rising prices and the ensuing cost-of-living crisis.
US retail sales rise in August but demand slowing
US retail sales unexpectedly rose in August but demand is slowing, according to figures released on Thursday by the Labor Department.
PBoC leaves key lending rate unchanged
China’s central bank has kept a key lending rate unchanged, in line with expectations.
German government considers stake in gas importer VNG
Germany’s government is mulling the possibility of buying a chunk of a second large natural gas importer, it was reported on Thursday, as the energy crisis continued to worsen across Europe.
Kwarteng mulls scrapping cap on bankers' bonus - reports
Newly-appointed chancellor Kwasi Kwarteng is considering scrapping the cap on bankers’ bonuses, according to reports.
US producer prices continue to fall in August
US producer prices declined again in August as fuel costs continued to fall, according to figures released on Wednesday by the Labor Department.
Government to outline energy support for businesses next week
The government said on Wednesday that it will outline plans next week to support businesses through the energy crisis.
EU plans to raise €140bn through windfall tax on energy firms
The European Union announced plans on Wednesday to raise €140bn by capping revenues for non-gas energy suppliers as it looks to tackle the energy crisis.
Ireland drags on already-weak eurozone industrial output
Industrial output in the eurozone fell more than expected in July, as a plunge in Ireland dragged on broader weakness across the common currency area.
House prices rise in July at fastest annual rate since May 2003 - ONS
UK house prices rose in the year to July at their highest annual rate since May 2003, according to figures released on Wednesday by the Office for National Statistics.
UK inflation eases in August but remains near 40-year high
UK inflation eased in August but remained close to a 40-year high, according to figures released on Wednesday by the Office for National Statistics.
US inflation tops forecasts in August
US consumer price inflation slowed in August but was still above expectations, according to data released on Tuesday by the Labor Department, fuelling expectations of another big rate hike from the Federal Reserve.
Google facing €25bn digital advertising lawsuit
Alphabet’s main operating division Google is set to face a €25bn (£21. 68bn) lawsuit in the UK and the European Union, it emerged on Tuesday, amid accusations of anti-competitive behaviour in digital advertising.
German August inflation confirmed at 7.9%
German inflation in August was confirmed at 7. 9%, up from 7. 5% in July, according to statistics office Destatis.
German economic sentiment deteriorates amid energy woes
German investor sentiment continued to deteriorate in September amid worries about the energy crisis and a slowdown in China, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Grocery price inflation hits new record as shoppers hunt for bargains
Grocery price inflation reached a new record in August, according to fresh research released on Tuesday, with Britons further switching to cheaper lines and discount supermarkets.
FCA flags 'likely' £306m Woodford Fund fine amid Link Group takeover
The City watchdog revealed the likely outcome of its probe into the collapsed Woodford Fund late on Monday, as part of its investigation into the planned takeover of its administrator, Link Group.
Abrdn sells 2% stake in Indian insurer HDFC Life
Asset manager Abrdn said on Tuesday that it has sold a stake of around 2% in Indian insurer HDFC Life.
UK unemployment rate lowest since 1974; real wages keep falling
UK real wages continued to fall in July, while the jobless rate dipped to its lowest level since 1974 as more people dropped out of the workforce, according to figures released on Tuesday by the Office for National Statistics.
German economy set to shrink as energy prices surge - Ifo
The German economy is cooling "sharply", the Ifo Institute warned on Monday, as it forecast a hard winter for the country.