Now playing Next This will impact your life How is the Ukraine war affecting the cost of living crisis? Russia's invasion of Ukraine has led to record-breaking inflation. But how is the war affecting the cost of living? 31/05/2022
Now playing Next Tech News Swedish 'buy now, pay later' firm Klarna to lay off 10% of staff Klarna's CEO told staff in a pre-recorded video message: "What we are seeing now in the world is not temporary or short-lived, and hence we need to act". 24/05/2022
Now playing Next Economy Explained: Why higher gas costs lead to higher food prices The connection partly lies in fertilisers, which require a great deal of gas to be produced. 23/05/2022
Now playing Next Economy Which parts of the Eurozone are being hardest hit by record inflation? Eurozone inflation is expected to hit a record high of 7.5% in April. 12/05/2022
Now playing Next Europe News Inflation in Sweden has just hit its highest level since 1991 Surging prices, exacerbated by Russia's war in Ukraine, are fuelling the problem. 12/05/2022
Now playing Next Mobility Uber cuts spending, reduces hiring as tech stocks lose their shine The rideshare company's stock price has fallen over 43 per cent since it first went public in 2019. 10/05/2022
Now playing Next United Kingdom Bank of England raises key rate to highest level in 13 years The Bank of England raised its key interest rate to the highest level in 13 years on Thursday. 05/05/2022
Now playing Next Money Inflation in Turkey rises to 70%, a 20-year high Russia’s invasion of Ukraine -- and the resulting surge in gas, oil and grain prices -- has compounded the situation in Turkey, a country reliant on imports. 05/05/2022
Now playing Next USA US raises interest rates by half a point to tame inflation The increase in the Fed's key rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago. 04/05/2022
Now playing Next Europe News Belgians resigned but not yet panicking as prices continue to rise Inflation in Belgium is one of the highest in Europe, while Brussels has a high unemployment rate. 03/05/2022
Now playing Next Economy Eurozone growth slows down hit by impact of Ukraine war and pandemic Spain and Germany saw their economies grow by 0.3% and 0.2% respectively in the first three months of the year, quarter-on-quarter -- far smaller than previously projected. France stagnated (0%) and Italy fell (-0.2%). 29/04/2022
Now playing Next France France's economy unexpectedly grinds to a halt in first quarter The latest growth and inflation figures put the economy firmly at the heart of the next government's priorities following President Macron's re-election. 29/04/2022
Now playing Next Uncovering Europe 'It will get worse': Euro inflation adds to Lithuania's economic woes A refugee crisis on the border with Belarus, the COVID-19 pandemic, and the consequences of sanctions against its neighbours all conspire to create a sense of economic uncertainty in the small Baltic nation. 28/04/2022
Now playing Next Turkey Turkey cuts power to opposition leader’s home after protest Kemal Kilicdaroglu vowed not to pay his electricity bills until the Turkish government withdrew the price increases. 21/04/2022
Now playing Next Economy Watch: What is inflation and what can be done about it? Inflation is at a record high across the world. 06/04/2022
Now playing Next Economy As the war in Ukraine rages on, Europe braces itself for stagflation The war in Ukraine has sent inflation in the eurozone soaring, threatening the post-pandemic recovery. 04/04/2022
Now playing Next Economy Ukraine war pushes eurozone's inflation to a record 7.5% Energy prices are once again the main drivers behind soaring inflation, recording a 44.7% rise on an annual basis. 01/04/2022
Now playing Next This will impact your life Record high food prices to rise further as Ukraine war weighs in Food inflation will be pushed even higher worldwide which can have devastating consequences in the poorest parts of the world. 17/03/2022
Now playing Next Money COVID sees men’s suits fall out of fashion as indicator of inflation Suits are out, sports bras are in as the UK's national statistics office announces changes to the basket of goods it uses to track consumer price inflation. 14/03/2022
Now playing Next Money Russians queue for cash as sanctions bite and hyperinflation looms Russians wary that sanctions over the invasion of Ukraine would deal a crippling blow to their economy have been flocking to banks and ATMs for days. 28/02/2022