A European-wide drought is devastating harvests leading to warnings about possible food price increases
The British pound slipped to a one-week low on Wednesday as lower-than-expected inflation data undermined the chances of an interest rate rise.
Venezuelan President Nicolas Maduro has announced that the country's bank notes will be re-issued but with three less zeros. The move is the result of a economic crisis that has seen the bolivar plummet against other currencies.
European Central Bank President Mario Draghi says he sees no reason to change current policy
America's Federal Reserve may be prompted to act more drastically should inflation take off, and higher interest rates mean slower economic growth.
The Bank of England keeps interest rates on hold as real wages fall and consumers suffer biggest loss of spending power in 40 years.
BoE will have to write to Chancellor after breaking through 2% target ceiling to reach 3.1% in November.
UK economy: Britain is on course for its longest fall in living standards since records began, with wages not returning to their pre-financial crisis levels until at least 2025
UK inflation unexpectedly held steady last month.
The annual rate was unchanged from September’s five-and-half year
high of 3%, official data
British inflation rose to its highest level in more than five years for September, adding to the likelihood that the Bank of England will raise interest rates next month
The pound has hit a one-year high after UK inflation climbed to its highest rate in more than five years.
The Consumer Price Index showed
Venezuela continues to reel under a political and economic crisis but President Nicholas Maduro shows no sign of changing course. Maduro says he's willing to be a dictator if it will help turn the country around.
Britain’s economy has grown by just 0.3 percent in the second quarter of 2017, marking what government statisticians are calling a “notable slowdown”
Eurostat figures show consumer prices for June were up by an annual rate of 1.3 percent.
The new data complicates the debate among Bank of England officials over the need for higher interest rates