English

More about this topic

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.

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.

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.

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.

ADVERTISEMENT

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.

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.

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.

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%).

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.

My Europe Series

'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.

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.

Economy

Watch: What is inflation and what can be done about it?

Inflation is at a record high across the world.

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.

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.

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.

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.

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.

Tech News

How to beat inflation: Top tips on living with rising living costs

Rising inflation is proving to be a jolt to everyone's spending. It's difficult to know how to make money stretch, but here are some top tips to help.

Europe News

Euroviews. Why is inflation so high in Europe & what can be done to slow it down?

Soaring energy prices are one of the main driving forces behind the rise in costs across the continent.

Europe News

Inflation in eurozone forecast to hit 4.8% amid soaring energy prices

Energy prices, supply chain bottlenecks, the Omicron variant and geopolitical tensions are all fuelling inflationary pressures.