LONDON, June 29 Reuters British retailers raised prices at the fastest pace since 2008 this month, driven by the rapidly rising cost of food, according to industry data that showed the extent of the inflation squeeze for households. The British Retail Consortium BRC said on Wednesday that average prices among its members in early June […]

SEOUL, June 29 Reuters South Korean consumers turned pessimistic about overall economic conditions in June for the first time in more than a year, while their inflation expectations hit a decade high, a central bank survey showed on Wednesday. The consumer sentiment index CSI dropped to 96.4 in June from 102.6 in May, marking the […]

MADRID, June 29 Reuters Spanish 12month inflation rose to 10.2 in June, the first time it has surpassed 10 since April 1985, from 8.7 in the previous month, preliminary data from the National Statistics Institute INE showed on Wednesday. The reading was higher than the 9.0 forecast by analysts in a Reuters poll. Core inflation, […]

GARMISCHPARTENKIRCHEN, Germany, June 28 Reuters G7 leaders pledged 4.5 billion on Tuesday to fight global hunger and agreed to step up their efforts to help Ukrainian farmers keep working and to address fertiliser shortages. The communique agreed at the end of a threeday summit in the Bavarian Alps also called on those with stockpiles to […]

WASHINGTON, June 28 Reuters Jobs in the U.S. energy business rose 4 last year, at a faster clip than the country39;s overall private sector, led by work in lowcarbon vehicles, while positions in fossil fuels fell as the pandemic cut demand, the Department of Energy said on Tuesday. The U.S. Energy and Employment Report showed employment in […]

ROME, June 28 Reuters Italy39;s Treasury said the country39;s economy could grow this year by at least as much as Rome39;s official target of 3.1 set in April, despite the negative impact of surging energy prices. Italy grew 0.1 in the first quarter from the previous three months, national statistics bureau ISTAT said last month, […]

BEIJING, June 28 Reuters China will roll out tools in its policy reserve in a timely way to cope with more economic challenges, as COVID19 outbreaks and risks from the Ukraine crisis pose a threat to employment and price stability, a state planner official said on Tuesday. Activity in the world39;s secondlargest economy is beginning […]

MADRID, June 27 Reuters Spanish industrial production prices rose by 43.6 in the 12 months to May, down slightly from a revised 44.5 for the year to April, reflecting a slowdown in energy price inflation, the National Statistics Institute INE said on Monday. But energy prices were still up by a massive 113 in the […]

KUALA LUMPUR, June 25 Reuters Malaysia is expected to spend 77.3 billion ringgit 17.6 billion in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising prices, its finance minister said on Saturday. Prices of goods have jumped in Malaysia in recent months due to supply chain […]

BERLIN, June 23 Reuters German business morale fell more than expected in June but a recession was not yet in sight despite rising energy prices and the threat of gas shortages, a survey showed on Friday. The Ifo institute said its business climax index dropped to 92.3 following a reading of 93.0 in May, when […]